Cromwell European Reit
Cromwell European Real Estate Investment Trust (“Cromwell European REIT” or “CEREIT’) is a real estate investment trust (“REIT”) that invests, directly or indirectly, in a diversified portfolio of real estate assets in Europe that are used primarily for office, light industrial / logistics and retail purposes.
See below for the Latest Cromwell European Reit News, Analysis, Profit Results, Share Price Information, and Commentary.
Cromwell European REIT suffers 9.5% DPU decline on asset sales impact
Cromwell European REIT suffers 9.5% DPU decline on asset sales impact
Apart from lower DPU, the REIT recorded lower net property income.
Cromwell Property Group divests its entire CEREIT stake to Stoneweg
It sold 156,233,700 units at €1.52 per unit.
Cromwell European REIT offloads Finnish and Italian assets for $10.5m
The assets were sold for $7.9m and $2.63m, respectively.
CEREIT navigates illiquid Central Europe market with Warsaw office divestment
The REIT divested the property for $23.1m.
Cromwell EREIT posts 8.7% YoY lower income of €88.3m in FY23
The REIT also declared an 8.7% YoY lower DPU of €0.15693.
Cromwell EREIT’s Nervesa21 achieves 70% occupancy
Universal Music Group is the anchor tenant of the office development in Milan.
Cromwell EREIT’s portfolio valuation dips 1.5% in 2H23
In 2H23, the REIT recorded a gross valuation fair value loss of 2.9%.
Cromwell E-REIT repurchases €50m in bonds due November 2025
The repurchase represents 10% of the initial aggregate principal amount of the bond.
Cromwell EREIT’s net property income dips 1.1% YoY to $146.7m in 9M23
The REIT attributed the decline to the absence of income from office projects under redevelopment.
Cromwell E-REIT divests Italy asset for $135.4m
Viale Europa represents 6.9% of the REIT’s net asset value.
CEREIT’s DPU moderately drops by 4.5% YoY in H1
It was hit by the higher interest rates.
Cromwell E-REIT clinches €165m revolving credit facility
The REIT can increase the facility up to €250m.
Cromwell European REIT’s portfolio valuations slip in H1
It experienced a slight decline of 1.6% or €36.1m (S$54.4m) versus 31 December 2022.
CEREIT divests Italian office for $138.51m
The divestment of Piazza Affari 2, Milano, Italy office is at €93.6m.
CEREIT net property income up 3.6% YoY to $48.9m in Q1
Its DPU showed resiliency despite falling 2.4% YoY in Q1.
Cromwell European Reit bags at least 50% pre-leasing commitment for Italy office
If the project remains on course, completion will be reached by December 2023.
Cromwell European Reit’s portfolio valuation down to $3.5b
The CEREIT’s portfolio reduced 1.6% compared to June 2022.
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