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Home Cromwell European REIT (CEREIT)
Broker's Calls
RHB keeps ‘overweight’ call on S-REITs, retail sector impacted by rise in GST and inflationary pressures on tenants
Dominant theme and driver of S-REITs’ performance in 2024 to be US Fed’s rate cuts and messaging surrounding the size and timing.
January 23, 2024
REITs
Cromwell European REIT’s office property in Milan largely completed, 70% leased
The building is left with three floors to let.
January 22, 2024
Broker's Calls
Brokers' Digest: Parkway Life REIT, Cromwell European REIT, United Hampshire US REIT, Raffles Medical, Yoma Strategic
See what the analysts have to say this week.
January 11, 2024
Broker's Calls
CGS-CIMB initiates coverage on Cromwell European REIT, has 'add' call with TP of EUR2.15
Analysts say that CEREIT has clear divestment and redevelopment strategies in place to unlock deep value.
January 09, 2024
REITs
Cromwell European REIT buys back EUR50 mil worth of bonds due November 2025
The REIT manager says it will be able to book a profit of some EUR3 million from the discounted purchase price of the bonds.
December 18, 2023
Broker's Calls
RHB maintains 'buy' on Cromwell European REIT, but lowers TP for first time in a year to EUR2.10
The analyst lowers his FY2023-FY2025 DPU to 3%-5% after fine-tuning finance cost and NPI margin assumptions, among others.
November 22, 2023
Results
Cromwell European REIT reports indicative 3QFY2023 DPU of 4.005 Euro cents
Indicative DPU for the 9MFY2023 fell by 9.2% y-o-y to 11.795 cents.
November 14, 2023
Broker's Calls
Industrial S-REITs with exposure to Australia, UK and Europe are 'unjustifiably' sold off: DBS
FLCT and Keppel DC REIT are the top "value buy" S-REIT picks in this space.
October 17, 2023
REITs
Cromwell European REIT completes divestment of Viale Europa 95 for EUR94.0 mil
The sale consideration is 13.1% above the property’s purchase price of EUR83.1 million on Nov 30, 2017.
October 09, 2023
Results
Cromwell European REIT reports 1HFY2023 DPU of 7.79 Euro cents, down 10.4% y-o-y
Unitholders will receive their DPUs on Sept 28.
August 14, 2023