- Cromwell European REIT (SGX:CWBU) is among the best performing overseas S-REITs on the back of proactive operational management in navigating post-COVID-19 and high interest rate challenges, and is set to benefit further with the outlook steadily improving.
- - Read this at SGinvestors.io -
Further divestment of ~EUR70m worth of assets expected in the near term
- Further divestment of ~EUR70m worth of assets expected in the near term from weaker non-core office market assets such as Poland and Finland. This follows Cromwell European REIT’s active portfolio rebalancing and deleveraging strategy since FY22 with 11 divestments worth EUR261m, at a blended 14% premium.
- - Read this at SGinvestors.io -
- Valuations have stabilised and we expect final valuations to be in the 0-5% range.
Bridge debt in final stages for refinancing of Nov 2025 bond.
- Read more at SGinvestors.io.
Vijay Natarajan RHB Securities Research | https://www.rhbgroup.com/ 2024-11-13
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
