Declared Dividend • Jun 19
Dividend of AU$0.0075 announced Dividend of AU$0.0075 is the same as last year. Ex-date: 29th June 2026 Payment date: 18th August 2026 Dividend yield will be 6.6%, which is lower than the industry average of 8.4%. Announcement • Jun 17
Cromwell Property Group Announces Ordinary Dividend for the Quarter Ending June 30, 2026, Payable on August 18, 2026 Cromwell Property Group announced ordinary dividend of AUD 0.00750000 per share for the quarter ending June 30, 2026. Ex-date is June 29, 2026. Record date is June 30, 2026. Payment date is August 18, 2026. Declared Dividend • Mar 29
Dividend of AU$0.0075 announced Dividend of AU$0.0075 is the same as last year. Ex-date: 31st March 2026 Payment date: 15th May 2026 Dividend yield will be 7.7%, which is lower than the industry average of 8.4%. Announcement • Mar 28
Cromwell Property Group announces Quarterly dividend, payable on May 15, 2026 Cromwell Property Group announced Quarterly dividend of AUD 0.0075 per share payable on May 15, 2026, ex-date on March 31, 2026 and record date on April 01, 2026. Reported Earnings • Mar 02
First half 2026 earnings released: EPS: AU$0.038 (vs AU$0.042 loss in 1H 2025) First half 2026 results: EPS: AU$0.038 (up from AU$0.042 loss in 1H 2025). Revenue: AU$161.1m (up 71% from 1H 2025). Net income: AU$99.3m (up AU$209.1m from 1H 2025). Profit margin: 62% (up from net loss in 1H 2025). The move to profitability was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.6% decline forecast for the Office REITs industry in Australia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Feb 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (0% payout ratio). Announcement • Jan 29
Cromwell Property Group to Report First Half, 2026 Results on Feb 26, 2026 Cromwell Property Group announced that they will report first half, 2026 results on Feb 26, 2026 Announcement • Jan 16
Cromwell Property Group Announces Executive Changes, Effective January 15, 2026 Cromwell Property Group announced that Andrew Murray has been appointed as Company Secretary and the person responsible for communications between Cromwell and the ASX, following the resignation of Michael Foster as Company Secretary, effective January 15, 2026. Declared Dividend • Dec 24
Fourth quarter dividend of AU$0.0075 announced Dividend of AU$0.0075 is the same as last year. Ex-date: 30th December 2025 Payment date: 13th February 2026 Dividend yield will be 6.1%, which is lower than the industry average of 8.4%. Announcement • Dec 23
Cromwell Property Group announces Quarterly dividend, payable on February 13, 2026 Cromwell Property Group announced Quarterly dividend of AUD 0.0075 per share payable on February 13, 2026, ex-date on December 30, 2025 and record date on December 31, 2025. Recent Insider Transactions • Oct 19
CEO, MD & Director recently bought AU$309k worth of stock On the 10th of October, Jonathan P. Callaghan bought around 686k shares on-market at roughly AU$0.45 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jonathan P.'s only on-market trade for the last 12 months. Announcement • Sep 27
Cromwell Property Group Announces Distribution Guidance for the Financial Year 2026 Cromwell Property Group announced distribution guidance of 3.0 cps for the financial year 2026. Declared Dividend • Sep 25
Fourth quarter dividend of AU$0.0075 announced Dividend of AU$0.0075 is the same as last year. Ex-date: 29th September 2025 Payment date: 14th November 2025 Dividend yield will be 6.1%, which is lower than the industry average of 8.4%. Announcement • Sep 24
Cromwell Property Group announces Quarterly dividend, payable on November 14, 2025 Cromwell Property Group announced Quarterly dividend of AUD 0.0075 per share payable on November 14, 2025, ex-date on September 29, 2025 and record date on September 30, 2025. Announcement • Sep 08
Cromwell Property Group, Annual General Meeting, Nov 11, 2025 Cromwell Property Group, Annual General Meeting, Nov 11, 2025. Location: at level 2, 308 queen street, qld 4000, brisbane Australia Reported Earnings • Aug 29
Full year 2025 earnings released: AU$0.04 loss per share (vs AU$0.11 loss in FY 2024) Full year 2025 results: AU$0.04 loss per share (improved from AU$0.11 loss in FY 2024). Revenue: AU$182.6m (down 17% from FY 2024). Net loss: AU$106.0m (loss narrowed 62% from FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 2.8% decline forecast for the Office REITs industry in Australia. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Aug 27
Now 20% undervalued Over the last 90 days, the stock has risen 18% to AU$0.43. The fair value is estimated to be AU$0.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Aug 06
Now 21% undervalued Over the last 90 days, the stock has risen 9.0% to AU$0.42. The fair value is estimated to be AU$0.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Jul 25
Price target increased by 11% to AU$0.50 Up from AU$0.45, the current price target is provided by 1 analyst. New target price is 25% above last closing price of AU$0.40. Stock is down 2.4% over the past year. The company posted a net loss per share of AU$0.11 last year. Announcement • Jul 25
Cromwell Property Group to Report Fiscal Year 2025 Results on Aug 28, 2025 Cromwell Property Group announced that they will report fiscal year 2025 results on Aug 28, 2025 Declared Dividend • Jun 25
Dividend of AU$0.0075 announced Dividend of AU$0.0075 is the same as last year. Ex-date: 27th June 2025 Payment date: 15th August 2025 Dividend yield will be 8.6%, which is about the same as the industry average. Announcement • Jun 24
Cromwell Property Group announces Quarterly dividend, payable on August 15, 2025 Cromwell Property Group announced Quarterly dividend of AUD 0.0075 per share payable on August 15, 2025, ex-date on June 27, 2025 and record date on June 30, 2025. Announcement • Mar 26
Cromwell Property Group announces Quarterly dividend, payable on May 16, 2025 Cromwell Property Group announced Quarterly dividend of AUD 0.0075 per share payable on May 16, 2025, ex-date on March 28, 2025 and record date on March 31, 2025. Reported Earnings • Mar 02
First half 2025 earnings released: AU$0.042 loss per share (vs AU$0.069 loss in 1H 2024) First half 2025 results: AU$0.042 loss per share (improved from AU$0.069 loss in 1H 2024). Revenue: AU$94.4m (down 23% from 1H 2024). Net loss: AU$109.8m (loss narrowed 39% from 1H 2024). Revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Australia are expected to grow by 3.9%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock has risen 12% to AU$0.42. The fair value is estimated to be AU$0.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jan 22
Cromwell Property Group to Report First Half, 2025 Results on Feb 27, 2025 Cromwell Property Group announced that they will report first half, 2025 results on Feb 27, 2025 Price Target Changed • Jan 09
Price target decreased by 14% to AU$0.46 Down from AU$0.53, the current price target is provided by 1 analyst. New target price is 12% above last closing price of AU$0.41. Stock is up 1.2% over the past year. The company posted a net loss per share of AU$0.11 last year. Buy Or Sell Opportunity • Jan 08
Now 21% overvalued Over the last 90 days, the stock has fallen 8.0% to AU$0.41. The fair value is estimated to be AU$0.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Dec 23
Fourth quarter dividend of AU$0.0075 announced Dividend of AU$0.0075 is the same as last year. Ex-date: 30th December 2024 Payment date: 14th February 2025 Dividend yield will be 7.9%, which is lower than the industry average of 8.4%. Buy Or Sell Opportunity • Dec 18
Now 30% overvalued Over the last 90 days, the stock has fallen 5.7% to AU$0.41. The fair value is estimated to be AU$0.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Nov 18
Now 22% overvalued Over the last 90 days, the stock has fallen 2.4% to AU$0.41. The fair value is estimated to be AU$0.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Oct 16
CEO, MD & Director recently bought AU$303k worth of stock On the 9th of October, Jonathan P. Callaghan bought around 728k shares on-market at roughly AU$0.42 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jonathan P.'s only on-market trade for the last 12 months. Declared Dividend • Sep 22
Fourth quarter dividend reduced to AU$0.0075 Dividend of AU$0.0075 is 9.6% lower than last year. Ex-date: 27th September 2024 Payment date: 15th November 2024 Dividend yield will be 7.1%, which is lower than the industry average of 8.4%. Buy Or Sell Opportunity • Sep 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.2% to AU$0.42. The fair value is estimated to be AU$0.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Meanwhile, the company became loss making. New Risk • Sep 02
New major risk - Revenue and earnings growth Earnings have declined by 53% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Reported Earnings • Aug 30
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: AU$0.11 loss per share (further deteriorated from AU$0.084 loss in FY 2023). Revenue: AU$219.7m (down 3.9% from FY 2023). Net loss: AU$280.3m (loss widened 27% from FY 2023). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 148%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Office REITs industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. CEO, MD & Director Jonathan P. Callaghan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 14
New major risk - Revenue and earnings growth Earnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 46% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Buy Or Sell Opportunity • May 30
Now 23% undervalued Over the last 90 days, the stock has risen 4.8% to AU$0.44. The fair value is estimated to be AU$0.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 12% in a year. Earnings are forecast to grow by 93% in the next year. Declared Dividend • Mar 23
Dividend of AU$0.0075 announced Shareholders will receive a dividend of AU$0.0075. Ex-date: 27th March 2024 Payment date: 17th May 2024 Dividend yield will be 8.5%, which is about the same as the industry average. Price Target Changed • Mar 03
Price target decreased by 19% to AU$0.55 Down from AU$0.68, the current price target is an average from 3 analysts. New target price is 32% above last closing price of AU$0.42. Stock is down 38% over the past year. The company is forecast to post a net loss per share of AU$0.08 next year compared to a net loss per share of AU$0.17 last year. New Risk • Mar 02
New major risk - Revenue and earnings growth Earnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 46% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Reported Earnings • Mar 02
First half 2024 earnings released: AU$0.08 loss per share (vs AU$0.027 loss in 1H 2023) First half 2024 results: AU$0.08 loss per share (further deteriorated from AU$0.027 loss in 1H 2023). Revenue: AU$133.6m (down 13% from 1H 2023). Net loss: AU$208.9m (loss widened 191% from 1H 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Office REITs industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Dec 12
Cromwell Property Group to Promote Michelle Dance as Chief Financial Officer, Effective from 1 January 2024 Cromwell Property Group advised that its current Fund Manager and Executive Team member, Michelle Dance, will be promoted to the role of Chief Financial Officer (CFO) from 1 January 2024. The appointment follows a comprehensive search process, which included a strong field of external and internal candidates. Ms. Dance brings more than three decades of corporate experience to the role, having held high-profile positions at some of Australia's real estate and financial institutions. Ms. Dance's previous roles have included Treasurer for AMP Capital Investor's Listed Property division; Group Executive, Corporate Finance and Strategy at Investa Property Group; Head of Capital at Leighton Properties; Executive Director of Institutional Real Estate for the Commonwealth Bank of Australia. Prior to joining Cromwell as Fund Manager for Cromwell's Australian office portfolio in March 2022, Ms. Dance was Fund Manager for the Dexus Office Partnership, a AUD 5.3 billion joint venture between Dexus and the Canadian Pension Plan Investment Board. Price Target Changed • Oct 18
Price target decreased by 9.4% to AU$0.65 Down from AU$0.72, the current price target is an average from 3 analysts. New target price is 65% above last closing price of AU$0.40. Stock is down 42% over the past year. The company posted a net loss per share of AU$0.17 last year. Recent Insider Transactions • Oct 07
CEO, MD & Director recently bought AU$297k worth of stock On the 29th of September, Jonathan P. Callaghan bought around 670k shares on-market at roughly AU$0.44 per share. This transaction increased Jonathan P.'s direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jonathan P.'s only on-market trade for the last 12 months. Announcement • Sep 25
Cromwell Property Group Announces Dividend for the Quarter Ending September 30, 2023, Payable on November 17, 2023 Cromwell Property Group announced dividend of AUD 0.00830000 per share for the quarter ending September 30, 2023, payable on November 17, 2023. Record Date is September 29, 2023. Ex Date is September 28, 2023. Price Target Changed • Sep 05
Price target decreased by 8.3% to AU$0.72 Down from AU$0.78, the current price target is an average from 4 analysts. New target price is 54% above last closing price of AU$0.47. Stock is down 40% over the past year. The company is forecast to post earnings per share of AU$0.051 next year compared to a net loss per share of AU$0.17 last year. Reported Earnings • Aug 31
Full year 2023 earnings released: AU$0.17 loss per share (vs AU$0.10 profit in FY 2022) Full year 2023 results: AU$0.17 loss per share (down from AU$0.10 profit in FY 2022). Revenue: AU$377.5m (down 23% from FY 2022). Net loss: AU$443.8m (down 269% from profit in FY 2022). Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Office REITs industry in Australia. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Jul 09
Cromwell Property Group (ASX:CMW) agreed to acquire Australian Unity Property Limited from Australian Unity Limited for AUD 17 million. Cromwell Property Group (ASX:CMW) agreed to acquire Australian Unity Property Limited from Australian Unity Limited for AUD 17 million on July 7, 2023. A condition to the acquisition of Australian Unity Property Limited is Australian Unity Diversified Property Fund unitholder approval, and implementation of the merger. Highbury Partnership Pty Limited acted as Financial advisor and Gilbert and Tobin acted as legal advisor to Cromwell Property Group. Major Estimate Revision • Mar 24
Consensus EPS estimates increase from loss to AU$0.02 profit, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from AU$397.7m to AU$377.0m. EPS estimate of -AU$0.021 up from expected loss of AU$0.02 per share previously. Consensus price target down from AU$0.88 to AU$0.82. Share price fell 5.0% to AU$0.57 over the past week. Price Target Changed • Mar 20
Price target decreased by 11% to AU$0.82 Down from AU$0.92, the current price target is an average from 4 analysts. New target price is 41% above last closing price of AU$0.58. Stock is down 31% over the past year. The company is forecast to post a net loss per share of AU$0.021 compared to earnings per share of AU$0.10 last year. Buying Opportunity • Feb 28
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 5.7%. The fair value is estimated to be AU$0.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to decline by 17% in 2 years. Earnings is forecast to grow by 11,309% in the next 2 years. Reported Earnings • Feb 28
First half 2023 earnings released: AU$0.049 loss per share (vs AU$0.051 profit in 1H 2022) First half 2023 results: AU$0.049 loss per share (down from AU$0.051 profit in 1H 2022). Revenue: AU$193.7m (down 9.2% from 1H 2022). Net loss: AU$129.5m (down 198% from profit in 1H 2022). Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the REITs industry in Australia are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Price Target Changed • Feb 28
Price target decreased by 11% to AU$0.82 Down from AU$0.92, the current price target is an average from 4 analysts. New target price is 18% above last closing price of AU$0.69. Stock is down 20% over the past year. The company is forecast to post earnings per share of AU$0.066 for next year compared to AU$0.10 last year. Announcement • Feb 02
Cromwell Property Group (ASX:CMW) and JPMorgan Asset Management (Europe) S.à r.l., Frankfurt Branch acquired Panattoni Park Hamburg from Panattoni Germany Properties GmbH. Cromwell Property Group (ASX:CMW) and JPMorgan Asset Management (Europe) S.à r.l., Frankfurt Branch acquired Panattoni Park Hamburg from Panattoni Germany Properties GmbH on February 1, 2023.Hengeler Mueller Partnerschaft von Rechtsanwälten mbB acted as legal advisor to Cromwell Property Group (ASX:CMW).Hengeler Mueller Partnerschaft von Rechtsanwälten mbB acted as legal advisor to JPMorgan Asset Management (Europe) S.à r.l., Frankfurt Branch.
Cromwell Property Group (ASX:CMW) and JPMorgan Asset Management (Europe) S.à r.l., Frankfurt Branch completed the acquisition of Panattoni Park Hamburg from Panattoni Germany Properties GmbH on February 1, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of AU$0.014 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 17 February 2023. Trailing yield: 9.8%. Within top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (4.7%). Announcement • Dec 13
Cromwell Property Group Appoints Lara Young as its Head of Environmental, Social, and Governance Cromwell Property Group has hired Lara Young, as its head of environmental, social, and governance (ESG).Lara Young was formerly climate change director at CostainAs the climate change director at Costain, Young established and implemented its climate change action plan, which set out a 15-year plan to transition to a net-zero organisation by 2035.Young was most recently named Young Person of the Year by the Construction Leadership Council and Energy and Carbon Leader of the Year at the 2021 edie Awards. She is currently the chair of the Carbon Champion Review Panel, which is convened by the Institution of Civil Engineers. Announcement • Dec 08
Cromwell Property Group Announces Dividend for the Quarter Ending December 31, 2022 Payable on February 17, 2023 Cromwell Property Group announced ordinary dividend of AUD 0.0137500 per share for the quarter ending December 31, 2022, payable on February 17, 2023. Ex-date is December 29, 2022 and record date is December 30, 2022. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CEO, MD & Director Jonathan Callaghan was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 08
Cromwell Property Group (ASX:CMW) acquired Five logistics assets in Nordics. Cromwell Property Group (ASX:CMW) acquired Five logistics assets in Nordics on October 6, 2022.
Cromwell Property Group (ASX:CMW) completed the acquisition of Five logistics assets in Nordics on October 6, 2022. Announcement • Oct 07
Anglicare Youth And Family Services agreed to acquire 50% LDK Healthcare Pty Ltd from Cromwell Property Group (ASX:CMW). Anglicare Youth And Family Services agreed to acquire 50% LDK Healthcare Pty Ltd from Cromwell Property Group (ASX:CMW) on October 7, 2022. Settlement of the sale is anticipated to be on October 10, 2022. Announcement • Sep 23
Cromwell Property Group Announces Dividend for the Quarter Ended September 30, 2022, Payable on November 18, 2022 Cromwell Property Group announced dividend for the quarter ended September 30, 2022 of AUD 0.01375000 per share. Record date is September 30, 2022. Ex-date is September 29, 2022. Payment date is November 18, 2022. Reported Earnings • Aug 26
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: AU$0.10 (down from AU$0.12 in FY 2021). Revenue: AU$488.4m (up 3.7% from FY 2021). Net income: AU$263.2m (down 15% from FY 2021). Profit margin: 54% (down from 65% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 44%. Over the next year, revenue is expected to shrink by 18% compared to a 24% decline forecast for the REITs industry in Australia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Aug 25
Cromwell Property Group Provides Dividend Guidance for the Quarter Ending September 2022 Cromwell Property Group provided dividend guidance for the quarter ending September 2022. For the quarter, the company expected A distribution of 1.375 cents per security. Announcement • Jun 24
Cromwell Property Group Announces Ordinary Dividend for the Quarter Ending June 30, 2022, Payable on August 19, 2022 Cromwell Property Group announced ordinary dividend of AUD 0.01625000 for the quarter ending June 30, 2022. Record date is June 30, 2022. Ex-date is June 29, 2022. The dividend will be payable on August 19, 2022. Recent Insider Transactions • Jun 13
Key Executive recently bought AU$146k worth of stock On the 8th of June, Eng-Peng Ooi bought around 195k shares on-market at roughly AU$0.75 per share. This was the largest purchase by an insider in the last 3 months. This was Eng-Peng's only on-market trade for the last 12 months. Announcement • May 27
CapMan Nordic Real Estate III managed by CapMan Real Estate Oy acquired Portfolio of four office properties from The Goldman Sachs Group, Inc. (NYSE:GS) and Cromwell Property Group (ASX:CMW). CapMan Nordic Real Estate III managed by CapMan Real Estate Oy acquired Portfolio of four office properties from The Goldman Sachs Group, Inc. (NYSE:GS) and Cromwell Property Group (ASX:CMW) on May 25, 2022.
CapMan Nordic Real Estate III managed by CapMan Real Estate Oy completed the acquisition of Portfolio of four office properties from The Goldman Sachs Group, Inc. (NYSE:GS) and Cromwell Property Group (ASX:CMW) on May 25, 2022. Announcement • May 26
Wingate entered into an agreement to acquire Cromwell House at 200 Mary Street from Cromwell Property Group (ASX:CMW) for approximately AUD 110 million. Wingate entered into an agreement to acquire Cromwell House at 200 Mary Street from Cromwell Property Group (ASX:CMW) for approximately AUD 110 million on May 24, 2022. Cromwell will remain headquartered at 200 Mary Street with its current lease in place until
March 2024. The deal is expected to close before June 30, 2022. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Lisa Scenna is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 06
Cromwell Direct Property Fund, managed by Cromwell Property Group (ASX:CMW) acquired Chesser House located at 95 Grenfell Street, Adelaide for AUD 81.35 million. Cromwell Direct Property Fund, managed by Cromwell Property Group (ASX:CMW) acquired Chesser House located at 95 Grenfell Street, Adelaide for AUD 81.35 million on April 4, 2022.
Cromwell Direct Property Fund, managed by Cromwell Property Group (ASX:CMW) completed the acquisition of Chesser House located at 95 Grenfell Street, Adelaide on April 4, 2022. Reported Earnings • Feb 27
First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First half 2022 results: EPS: AU$0.051 (down from AU$0.055 in 1H 2021). Revenue: AU$213.3m (down 11% from 1H 2021). Net income: AU$132.5m (down 8.3% from 1H 2021). Profit margin: 62% (up from 61% in 1H 2021). Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 68%. Over the next year, revenue is expected to shrink by 15% compared to a 24% decline forecast for the industry in Australia. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from AU$348.2m to AU$397.2m. EPS estimate unchanged from AU$0.075 at last update. REITs industry in Australia expected to see average net income decline 39% next year. Consensus price target of AU$1.07 unchanged from last update. Share price fell 2.2% to AU$0.88 over the past week. Announcement • Feb 25
Cromwell Property Group Provides Dividend Guidance for the March 2022 Quarter Cromwell Property Group announced a distribution of 1.625 cps is expected to be paid for the March 2022 quarter. Upcoming Dividend • Dec 23
Upcoming dividend of AU$0.016 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 18 February 2022. Trailing yield: 7.4%. Within top quartile of Australian dividend payers (5.6%). Higher than average of industry peers (3.6%). Announcement • Sep 25
An unknown buyer acquired Slough Business Park Ltd from Cromwell Property Group (ASX:CMW) and Catella APAM Ltd for £28.1 million. An unknown buyer acquired Slough Business Park Ltd from Cromwell Property Group (ASX:CMW) and Catella APAM Ltd for £28.1 million on September 24, 2021.
An unknown buyer completed the acquisition of Slough Business Park Ltd from Cromwell Property Group (ASX:CMW) and Catella APAM Ltd on September 24, 2021. Reported Earnings • Aug 29
Full year 2021 earnings released: EPS AU$0.12 (vs AU$0.068 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$470.9m (down 1.3% from FY 2020). Net income: AU$308.2m (up 74% from FY 2020). Profit margin: 65% (up from 37% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jun 18
Castlerock Property Pty Ltd acquired Icon building in the Ipswich from Cromwell Property Group (ASX:CMW). Castlerock Property Pty Ltd acquired Icon building in the Ipswich from Cromwell Property Group (ASX:CMW) on June 16, 2021.
Castlerock Property Pty Ltd completed the acquisition of Icon building in the Ipswich from Cromwell Property Group (ASX:CMW) on June 16, 2021. Announcement • May 19
Cromwell Property Group Announces Ordinary Dividend for A Period of One Quarter Ended March 31, 2021 Cromwell Property Group announced Ordinary dividend for a period of one quarter of AUD 0.01625000 ended March 31, 2021 for Record Date of March 31, 2021 with Ex Date March 30, 2021 payable on May 21, 2021. Announcement • Mar 17
Cromwell Property Group Announces Board Changes Cromwell Property Group announced the Cromwell Board's unanimous election of Dr. Gary Weiss AM as Cromwell Chair. Dr. Weiss AM succeeds Ms Jane Tongs who has retired from the Cromwell Board. The Cromwell Board unanimously elected Mr. Ooi Eng Peng as Cromwell Deputy Chair and senior independent director. Ms Tongs congratulated Dr. Weiss AM and Mr. Ooi on their appointments. Ms Tongs has retired as a Director of Cromwell Corporation Limited and Cromwell Property Securities Limited (the responsible entity of the Cromwell Diversified Property Trust). She will remain a Director of Cromwell Funds Management Limited, which is the responsible entity of a number of registered managed investment schemes. Executive Departure • Mar 17
Independent Non-Executive Chairperson of the Board has left the company On the 17th of March, Jane Anne Tongs' tenure as Independent Non-Executive Chairperson of the Board ended after 6.3 years in the role. As of December 2020, Jane Anne personally held 379.91k shares (AU$331k worth at the time). A total of 4 executives have left over the last 12 months. Announcement • Mar 08
Cromwell Property Group Announces Board Appointments Cromwell Property Group announced the appointments of Mr. Rob Blain and Mr. Ooi Eng Peng as new independent Non-executive Directors to the Cromwell Board. Mr. Blain has more than 40 years of real estate experience, including in property and asset management, strategic development, cross border activity and capital markets in Australia and across Asia. Having gained real estate experience in Sydney, Mr. Blain relocated to Hong Kong and spent almost 20 years in a variety of senior roles with CBRE. In 2014, Mr. Blain transitioned to the role of Executive Chair, CBRE Asia-Pacific and continued as a member of the Global Operating Committee, before retiring from his executive career in 2019 and returning to Australia. Mr. Ooi is currently Chair of SGX-listed ESR-REIT and Chair of its Nominating and Remuneration Committee and Member of its Audit, Risk Management and Compliance Committee. Mr. Ooi is a Non-executive Director of Savant Global Capital Pty Ltd. Is New 90 Day High Low • Mar 05
New 90-day low: AU$0.79 The company is down 12% from its price of AU$0.90 on 04 December 2020. The Australian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.14 per share. Reported Earnings • Feb 27
First half 2021 earnings released: EPS AU$0.056 (vs AU$0.088 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$238.3m (down 15% from 1H 2020). Net income: AU$146.1m (down 36% from 1H 2020). Profit margin: 61% (down from 81% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 27
New 90-day low: AU$0.83 The company is down 6.0% from its price of AU$0.89 on 29 October 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.33 per share. Announcement • Jan 20
Cromwell Property Group Appoints Brett Hinton as Acting Chief Financial Officer Cromwell Property Group announced the appointment of Mr. Brett Hinton as Acting Chief Financial Officer for the period that Mr. Michael Wilde fulfils the role of Acting Chief Executive Officer. Is New 90 Day High Low • Jan 12
New 90-day low: AU$0.84 The company is down 5.0% from its price of AU$0.89 on 14 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.03 per share. Announcement • Dec 18
Cromwell Property Group Announces Management Changes Cromwell Property Group has confirmed that Managing Director, Paul Weightman, is to retire effective 31 December 2020. Cromwell CFO Michael Wilde has been appointed Acting CEO effective 1 January 2021. The Cromwell Board will now commence an extensive and thorough global search for Mr. Weightman's successor.