Cromwell European REIT - RHB Invest 2023-02-27: Good Set Of Results; Stay BUY

• Cromwell European REIT (SGX:CWBU)’s results met our expectations. Maintain BUY and EUR2.15 target price, 27%upside with ~ 10% yield.
• Despite challenging market conditions, Cromwell European REIT's occupancy rose to a record high, coupled with positive rent reversions reinforcing managers’ superior leasing abilities and under-rented nature of its assets. Valuation fell marginally and gearing remains below 40%.
• - Read this at SGinvestors.io -

Portfolio rebalancing at work.

• - Read this at SGinvestors.io -
• A successful rebalancing will also accelerate its portfolio to its medium-term pivot of deriving 60% of income from logistics/light industrial assets with the balance from office.
• Gearing remains comfortable at slightly below 40% and Cromwell European REIT is not focusing on acquisitions at present considering market volatility.

Occupancy reaches record high 96%

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2025-03-10 Stoneweg European REIT - A New Beginning With The Same Rigour; BUY.

Previous report by RHB:
2024-11-13 Cromwell European REIT - Maintaining Its Pole Position; BUY.

Price targets by other brokers at Cromwell REIT Target Prices.

Listing of research reports at Cromwell REIT Analyst Reports.

Relevant links:
Cromwell REIT Share Price History,
Cromwell REIT Announcements,
Cromwell REIT Dividend Payout Dates & Corporate Actions,
Cromwell REIT News