DBS Group Research is keeping its “buy” call on Cromwell European REIT (CEREIT) with a target price of EUR2.60 ($3.65), as analysts Dale Lai and Derek Tan remain confident on the REIT’s operating performance and higher valuations backed by a growing income.“Faced with a slowing economy and w...

CROMWELL European Real Estate Investment Trust’s (Cromwell E-Reit) distribution per unit (DPU) for the half year ended June 2022 rose 2.3 per cent on year to 8.695 euro cents from 8.502 cents in H1 2021, its manager reported on Friday (Aug 12).

The manager of Cromwell European REIT (CEREIT) has reported a distribution per unit (DPU) of 8.695 Euro cents (12.288 cents), 2.3% higher y-o-y.Gross revenue increased by 8.5% y-o-y to €107.4 million mainly due to contributions from the REIT’s newly-acquired light industrial assets, and partiall...

CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) is continuing its pivot to the light industrial and logistics sector with the divestment of its largest office asset in Finland and the acquisition of its third logistics property in the UK.

Cromwell European REIT’s manager announced a divestment in Helsinki, and an acquisition in Preston, UK.The divestment of Opus Asset in Helsinki at EUR16.2 million, is at a 20% premium to the 2018 purchase price of EUR13.5 million and a 6.4% premium to the latest valuation of of EUR15.2 million.The...

After a visit to Cromwell European REIT's (CEREIT) assets in the Netherlands, France and Italy, PhillipCapital analyst Natalie Ong is positive on the REIT's prospects due to their favourable locations.In an unrated report dated June 27, Ong says the 12 assets in the three key markets mentioned accou...

DBS Group Research analysts Dale Lai and Derek Tan are keeping maintaining their “buy” call on Cromwell European REIT (CEREIT) after their site visit to some of the REIT’s properties in Italy, France and the Netherlands.“The tour gave us the opportunity to meet with independent market consul...

DBS Group Research on Monday (Jun 13) lowered its target price for Cromwell European Real Estate Investment Trust (Cromwell E-Reit) to 2.60 euros from 2.80 euros, though it still maintains a “buy” position on the Reit.

Calm may return to the Singapore REIT (S-REIT) sector in June after a predicted peak in inflation prices in the 2QFY2022, say DBS Group Research analysts Geraldine Wong, Derek Tan, Rachel Tan and Dale Lai.“Our strategists believe that rate hike fears will likely peak as we move towards the Federal...

On May 23, unitholders of Mapletree Commercial Trust (MCT) voted overwhelmingly in an extraordinary resolution to change its fee structure to that of Mapletree North Asia Commercial Trust (MNACT), which MCT is acquiring. MCT’s current fee structure constitutes a base fee of 0.25% per annum of the ...

SGListCos, an association for companies listed on both the mainboard and Catalist of the Singapore Exchange, has been formed. As described in its LinkedIn post, SGListCos describes itself as a body “set up by listcos for listcos”. The association’s pro-tem chairman is Chew Sutat, w...

Cromwell European REIT (CEREIT) has reported distributable income of €23.3 million ($34.1 million) for the 1QFY2022 ended March, 7.1% higher y-o-y.The higher distributable income was partly funded from the issue of $100 million of perpetual securities in the 4QFY2021 to finance the new acquisition...

CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) on Thursday (May 12) posted a 7.1 per cent rise in distributable income to 23.3 million euros (S$34.1 million) for the first quarter ended Mar 31, 2022, from 21.7 million euros in the year-ago period.

THE upcoming 14,679 square metre (sq m) warehousing development for Cromwell European Real Estate Investment Trust’s (Cromwell E-Reit) Czech Republic asset, Lovosice One Industrial Park I, now has 4 secured leases with both new and existing tenant-customers.

The manager of Cromwell European REIT (CEREIT), on April 22, announced that it has acquired three light industrial/logistics properties in Italy and Germany for a total consideration of €68.3 million ($101.5 million). The REIT, through its indirect and wholly-owned subsidiaries, entered into th...