Cromwell European REIT

CWBU.SI : Singapore Exchange

1.590

+0.63%

Share Price in EUR. As of 18 Sep 15:39:29 SGT

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Key stats

Cromwell European REIT’s share price has increased by 23.3% over the past 1 year. It has outperformed the Singapore stock market during this period.

Share Price Performance
52 Week Range
€1.120 - 1.590
Price vs 5-year high/low
Near high
CWBU.SI Market
1 Month 13.6% 6.0%
YTD 12.8% 11.2%
1 Year 23.3% 16.9%
5 Year -38.3% 12.5%
Valuation
Financial
Dividend

Recently happened to Cromwell European REIT

Cromwell European REIT announced dividend per share (DPS) of S€0.0705

07 Aug 2024 • Dividend

View upcoming dividend payment
Cromwell European REIT has announced 1Q 2024 business update.

Earnings

View earnings highlights
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 9.4%

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 9.4% is higher than sector average of 6.8%

  • Distribution per unit growth is -8.73%

  • Price to Book of 0.76x is higher than sector average of 0.73x


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Revenue Breakdown by Asset

Revenue Breakdown by Geography

Market Analysis

Consensus Share Price Target

Cromwell European REIT’s price target is €1.96, according to consensus estimates as of 18 Sep 2024. Cromwell European REIT’s with a price target of €1.96 and current price of €1.59, has an upside potential of 23.3%.

Price Target: €1.960

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 18 Sep 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

Analyst Reports

Valuation
Earnings
Financials
News
Profile

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