Cromwell European REIT - RHB Invest 2024-05-02: Capital Management Initiatives On Track; BUY

• Cromwell European REIT (SGX:CWBU)’s indicative 1Q24 DPU came in slightly below on a timing mismatch from divestment income losses and contributions from redevelopment projects.
• Nonetheless, Cromwell European REIT has been making steady progress on its EUR400m divestment plans, with another three asset divestments since the start of 2024.
• - Read this at SGinvestors.io -

EUR400m divestment plans on track.

• - Read this at SGinvestors.io -
• Another EUR60m worth of assets are currently in advanced stages of divestments. The divestment proceeds should help bring Cromwell European REIT’s net gearing close to ~39% levels and help fund some of its planned asset redevelopment initiatives.

Contributions from three asset redevelopments to kick in from 2Q.

• 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