Cromwell European REIT - CGS-CIMB Research 2024-01-08: Value-Unlocking Metamorphosis

Cromwell European REIT - Value-Unlocking Metamorphosis

Cromwell REIT (SGX:CWBU) | SGinvestors.ioCromwell REIT (SGX:CWBU)
  • We initiate coverage on Cromwell European REIT (SGX:CWBU) with an ADD and target price of €2.15, based on a blended valuation (DDM and RNAV), which we believe better accounts for both Cromwell European REIT’s high dividend payout ratio and asset redevelopment.
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Cromwell European REIT - Company background

  • Cromwell European REIT was listed on the SGX in Nov 2017. Its portfolio comprises 111 predominantly freehold properties with an appraised value of approximately €2.3bn as at 30 Sep 2023.
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  • Cromwell European REIT’s portfolio consists predominantly of light industrial/logistics and office assets, which make up ~51% and ~47% of its total assets, respectively.

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Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @

Natalie ONG CGS-CIMB Research | LOCK Mun Yee CGS-CIMB Research | 2024-01-08

Price targets by 4 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 Dividends & Corporate Actions,
Cromwell REIT News Articles


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