- 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.
Vijay Natarajan RHB Securities Research | https://www.rhbgroup.com/ 2024-05-02
Read also RHB's most recent report:
2024-11-13 Cromwell European REIT - Maintaining Its Pole Position; BUY.
Previous report by RHB:
2024-05-27 Cromwell European REIT - Minimal Impact From The Change Of Sponsor.
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
