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Cromwell European Real Estate Investment Trust (CWBU.SI)
Key financial summary
Financials in EUR| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | €m | 177 | 187 | 200 | 222 | 213 | 216 | 213 |
| Operating profit | €m | 122 | 120 | |||||
| Net profit | €m | 109 | 79 | 97 | 42 | 35 | -74 | 35 |
| EPS reported | € | -0.14 | 0.06 | |||||
| Operating cashflow per share | € | 0.13 | 0.13 | |||||
| Capex per share | € | 0.08 | 0.08 | |||||
| FCF per share | € | 0.05 | 0.05 | |||||
| Free cash flow | €m | 27 | 70 | |||||
| Net debt | €m | 910 | 1,035 | |||||
| Book value equity | €m | 1,205 | 1,179 | |||||
| Book value per share | € | 2.14 | 2.10 | |||||
| Number of shares | m | 562.39 | 562.05 | |||||
| DPS (TTM paid) | € | 0.14 | 0.14 |
Financial summary
Financials in EUR| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | - | - | |||||
| P/B LTM | x | 0.74 | 0.73 | |||||
| P/S LTM | x | 4.10 | 4.06 | |||||
| P/FCF LTM | x | 32.74 | 12.44 | |||||
| EV/EBITDA LTM | x | -77.11 | 31.64 | |||||
| EV/Sales LTM | x | 8.31 | 8.92 | |||||
| Earnings Yield LTM | % | -8.32% | -8.53% | |||||
| FCF Yield | % | 3.05% | 8.04% | |||||
| Quality | ||||||||
| ROE | % | -6.13% | -6.01% | |||||
| ROIC | % | 5.45% | 5.45% | |||||
| Operating margin | % | 56.52% | 56.52% | |||||
| Gross margin | % | 56.52% | 56.52% | |||||
| FCF/Sales | % | 12.54% | 12.54% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | - | - | |||||
| Sales Growth YoY | % | +1.68% | -36.08% | |||||
| Net Income Growth YoY | % | - | - | |||||
| FCF Growth | % | +346.47% | -19.84% | |||||
| Operating Profit Growth | % | +7.59% | -35.68% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 9.46% | 8.80% | |||||
| Dividend Growth | % | -28.80% | - | |||||
| Payout Ratio | % | -113.80% | 262.79% | |||||
| FCF/Debt | x | 0.03 | 0.06 | |||||
| Net Debt/EBITDA | x | -39.02 | -39.02 | |||||
| EBIT/Net interest | x | 3.49 | 3.49 | |||||
| Net debt/market cap | % | 102.43% | 119.60% | |||||
| Net debt/Equity | x | 0.76 | 0.88 | |||||
| Gross debt/equity | x | 0.79 | 0.92 | |||||
Company overview
Cromwell European Real Estate Investment Trust (CEREIT) operates as a prominent REIT, with a primary objective to invest in a diverse portfolio of income-generating property assets across Europe. Its holdings predominantly comprise office, light industrial/logistics, and retail properties. As of the announcement, CEREIT's extensive portfolio consists of 95 properties, valued at approximately €2,082 million. These assets are strategically positioned in or near key urban centers across the Netherlands, Italy, France, Poland, Germany, Finland, and Denmark, maintaining an equitable focus on both office and light industrial/logistics sectors. The portfolio collectively offers around 1.4 million square meters of rentable space, serving approximately 800 tenant-customers, and recorded a Weighted Average Lease Expiry (WALE) of about 5.0 years as of September 30, 2020. CEREIT holds the distinction of being the first REIT with a diversified pan-European portfolio to be listed on the Singapore Exchange Limited. Its operations are managed by Cromwell EREIT Management Pte. Ltd., a wholly-owned entity of its sponsor, Cromwell Property Group—a global real estate investor and manager active in 14 countries and listed on the Australian Securities Exchange.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Cromwell European Real Estate Investment Trust (CWBU.SI)
Cromwell European Real Estate Investment Trust (CEREIT) operates as a prominent REIT, with a primary objective to invest in a diverse portfolio of income-generating property assets across Europe. Its holdings predominantly comprise office, light industrial/logistics, and retail properties. As of the announcement, CEREIT's extensive portfolio consists of 95 properties, valued at approximately €2,082 million. These assets are strategically positioned in or near key urban centers across the Netherlands, Italy, France, Poland, Germany, Finland, and Denmark, maintaining an equitable focus on both office and light industrial/logistics sectors. The portfolio collectively offers around 1.4 million square meters of rentable space, serving approximately 800 tenant-customers, and recorded a Weighted Average Lease Expiry (WALE) of about 5.0 years as of September 30, 2020. CEREIT holds the distinction of being the first REIT with a diversified pan-European portfolio to be listed on the Singapore Exchange Limited. Its operations are managed by Cromwell EREIT Management Pte. Ltd., a wholly-owned entity of its sponsor, Cromwell Property Group—a global real estate investor and manager active in 14 countries and listed on the Australian Securities Exchange.
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