Cromwell European REIT

CWBU.SI : Singapore Exchange

1.640

0.00%

Share Price in EUR. As of 06 Dec 17:04:19 SGT

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Beansprout Analysis

Beansprout's Checklist

Fundamental
  • Occupancy Rate of 94.3% is higher than sector average of 93.3%

  • Net property income yield of 5.96% is lower than its dividend yield of 9.1%

Financial
  • Gearing Ratio of 0.41x is higher than sector average of 0.40x

  • Interest Coverage Ratio of 3.6x is above 2.5x

  • Net Book Value of €2.12 is lower than its net book value of €2.42 in the previous year

Valuation
  • Dividend Yield of 9.1% is higher than sector average of 7.1%

  • Distribution per unit growth is -8.73%

  • Price to Book of 0.78x is higher than sector average of 0.70x

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Market Analysis

Consensus Share Price Target

Cromwell European REIT’s price target is €1.96, according to consensus estimates as of 08 Dec 2024. Cromwell European REIT’s with a price target of €1.96 and current price of €1.64, has an upside potential of 19.5%.

Price Target: €1.960

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 08 Dec 2024

Analyst Ratings

  • CGSI Research

    27 Feb 2024

    Add

    2.060

    (prev 2.150)

  • DBS Research

    08 Aug 2024

    Buy

    1.900

    (prev 2.000)

  • Phillip Securities

    12 Aug 2024

    Buy

    1.910

  • RBH Invest

    29 Aug 2024

    Buy

    1.900

Valuation
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Company Description

CEREIT is the first Singapore real estate investment trust with a diversified Pan-European portfolio, established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate assets in Europe that are used primarily for office, light industrial/logistics and retail purposes, as well as real estate-related assets in connection with the foregoing. As at 31 Dec 2020, The CEREIT portfolio (the "current portfolio") is primarily focused on the office and light industrial/logistics sectors. The current portfolio comprises of 96 properties located in Denmark, Finland, France, Germany, Italy, the Netherlands & Poland, with an aggregate lettable area of approximately 1.6 million square metres with ~ 1,000 leases as at 31 Dec 2020. CEREIT's key objectives are (i) to provide Unitholders with regular and stable distributions, and (ii) to achieve long-term growth in distribution per Unit and net asset value per Unit, while maintaining an appropriate capital structure. Cromwell European EREIT Management Pte. Ltd. is the manager of CEREIT. For more information, please visit CEREIT’s website at www.cromwelleuropeanreit.com.sg

Revenue Breakdown by Asset

Revenue Breakdown by Geography