- 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.
- - Read this at SGinvestors.io -
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.
- - Read this at SGinvestors.io -
- 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.
The sponsor
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
Natalie ONG CGS-CIMB Research | LOCK Mun Yee CGS-CIMB Research | https://www.cgs-cimb.com 2024-01-08
Price targets by 2 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
