Cromwell European REIT
CWBU.SI : Singapore Exchange
1.360
0.00%
Share Price in EUR. As of 26 Jul 17:04:43 SGT
All
Chart
Key stats
- 52-Week High€1.620
- 52-Week Low€1.120
- Market Cap€765M
- Avg Volume386K
- P/E Ratio (TTM)-
- Forward Dividend Yield11.8%
Share Price Performance
| CWBU.SI | Market
| |
|---|---|---|
| 1 Day | 0.00% | 0.24% |
| 5 Day | -0.73% | -0.31% |
| 1 Month | -2.86% | 2.49% |
| 6 Month | 0.00% | 9.02% |
| YTD | -3.55% | 6.08% |
| 1 Year | 6.25% | 6.50% |
| 5 Year | -46.14% | 9.82% |
Beansprout Analysis
Beansprout's Checklist
-
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 11.8%
-
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
-
Dividend Yield of 11.8% is higher than sector average of 7.8%
-
Distribution per unit growth is -8.73%
-
Price to Book of 0.64x is lower than sector average of 0.65x
Compare REITs
Have another REIT in mind?
Select a REIT to compare with Cromwell European REIT
Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Consensus Share Price Target
Price Target: €1.960
Source: SGX as of 27 Jul 2024
Analyst Ratings
CGSI Research
27 Feb 2024
Add
2.060
(prev 2.150)
DBS Research
27 Feb 2024
Buy
2.000
Phillip Securities
20 May 2024
Buy
1.910
RBH Invest
27 May 2024
Buy
2.050
Analyst Reports
Valuation
Price to book (P/B) ratio
0.6
0.8
Cromwell European REIT's current P/B ratio of 0.6x is lower than its historical average P/B ratio of 0.8x.
Earnings
Earnings Highlights
1Q 2024 business update
Revenue: SGD 53.28M
Decreased 3% Year-on-Year
Net Property Income (NPI): SGD 32.73M
Decreased 3% Year-on-Year
primarily due to divestments (Bari Europa, Bari Trieste and Piazza Affari), which impacted NPI by €2.3 million compared to pcp
Portfolio Occupancy: 93.4%
Rental Reversion: 9.2%
Distribution Per Unit (DPU): SGD 0.04
Decreased 10% Year-on-Year
mainly due to the higher finance costs as we transition to a world of higher interest rates
Leverage/Gearing: 41%
Outlook
European real estate sector supply/demand fundamentals support continued NPI growth, which we expect will partly offset the transition to higher borrowing costs. Flash PMI data released by Oxford Economics has shown signs that the eurozone economy is stabilising, as the PMI composite index improved to 51.4 to reach an 11-month high, while March CPI print of 2.4% supports the bond market pricing for ECB rate cuts later this year. The latest Colliers analysis highlights that capital values in logistics increased slightly in 1Q 2024 across most of CEREIT's markets, with office valuations already significantly adjusted, while CBRE forecasts a pick up in real estate transaction volumes as sentiment turns more positive.
Sources: Cromwell European REIT Financial Report
Earnings per share (EPS)
The latest earnings per share is -€0.14, which is lower than the earnings per share of €0.07 in 2022.
Financials
Financial Statements
| 26 Feb 2024 | For period ending 31 Dec 2023 |
| 14 Aug 2023 | For period ending 30 Jun 2023 |
Annual Reports
| 30 May 2024 | For period ending 31 Dec 2023 |
| 11 Apr 2024 | For period ending 31 Dec 2023 |