Cromwell Property Group Management

Management criteria checks 3/4

Cromwell Property Group's CEO is Jonathan P. Callaghan, appointed in Oct 2021, has a tenure of 3.08 years. total yearly compensation is A$2.03M, comprised of 49.7% salary and 50.3% bonuses, including company stock and options. directly owns 0.071% of the company’s shares, worth A$719.60K. The average tenure of the management team and the board of directors is 3.8 years and 3.9 years respectively.

Key information

Jonathan P. Callaghan

Chief executive officer

AU$2.0m

Total compensation

CEO salary percentage	49.7%
CEO tenure	3.1yrs
CEO ownership	0.07%
Management average tenure	3.8yrs
Board average tenure	3.9yrs

Recent management updates

Recent updates

Would Shareholders Who Purchased Cromwell Property Group's (ASX:CMW) Stock Year Be Happy With The Share price Today?

Feb 28

Cromwell Property Group (ASX:CMW) Insiders Increased Their Holdings

Feb 02

What Percentage Of Cromwell Property Group (ASX:CMW) Shares Do Insiders Own?

Jan 07

Cromwell Property Group's (ASX:CMW) Dismal Stock Performance Reflects Weak Fundamentals

Dec 11

Cromwell Property Group's (ASX:CMW) Shareholders Are Down 22% On Their Shares

Nov 20

CEO Compensation Analysis

How has Jonathan P. Callaghan's remuneration changed compared to Cromwell Property Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$2m	AU$1m	-AU$280m
Mar 31 2024	n/a	n/a	-AU$319m
Dec 31 2023	n/a	n/a	-AU$581m
Sep 30 2023	n/a	n/a	-AU$512m
Jun 30 2023	AU$2m	AU$986k	-AU$221m
Mar 31 2023	n/a	n/a	-AU$81m
Dec 31 2022	n/a	n/a	AU$59m
Sep 30 2022	n/a	n/a	AU$161m
Jun 30 2022	AU$2m	AU$735k	AU$263m

Compensation vs Market: Jonathan P.'s total compensation ($USD1.32M) is about average for companies of similar size in the Australian market ($USD1.10M).

Compensation vs Earnings: Jonathan P.'s compensation has increased whilst the company is unprofitable.

CEO

Jonathan P. Callaghan (53 yo)

3.1yrs

Tenure

AU$2,025,480

Compensation

Mr. Jonathan P. Callaghan has been Chief Executive Officer of Cromwell Property Group since October 5, 2021 and its Managing Director and Director since October 7, 2021. He is Non-Independent Non-Executive...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jonathan P. Callaghan	CEO, MD & Director	3.1yrs	AU$2.03m	0.071% A$ 719.6k
Michelle Dance	Chief Financial Officer	less than a year	AU$690.77k	no data
Ross McGlade	Investor Relations Manager	no data	no data	no data
Ross Stiles	Capital Raising Manager	no data	AU$456.37k	no data
Michael Foster	Company Secretary & Senior Legal Counsel	1.6yrs	no data	no data
Lodewijk Zweers	Head of Capital and Operations of Europe	6.3yrs	no data	no data
Matthew Bird	Head of UK	5.4yrs	no data	no data
Pertti Vanhanen	Managing Director of Europe	3.8yrs	no data	no data
Andrew Creighton	Head of Investment of Europe	no data	no data	no data
Lara Young	Head of Environmental	1.9yrs	no data	no data
Simon Garing	CEO & Executive Director of Cromwell EREIT Management	4.8yrs	AU$750.52k	no data
Andrew Page	National Property Manager	8.2yrs	no data	no data

3.8yrs

Average Tenure

Experienced Management: CMW's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jonathan P. Callaghan	CEO, MD & Director	3.1yrs	AU$2.03m	0.071% A$ 719.6k
Gary Weiss	Non-Independent & Non-Executive Chair of the Board	4.2yrs	AU$292.50k	0.0057% A$ 57.8k
Robert Blain	Independent Non-Executive Director	3.7yrs	AU$165.00k	no data
Tanya Cox	Independent Non-Executive Chair	5.1yrs	AU$248.00k	0.0080% A$ 80.9k
Lisa Scenna	Independent Non-Executive Director	5.1yrs	AU$193.00k	0.0057% A$ 57.8k
Eng-Peng Ooi	Deputy Chair & Senior Independent Director	3.7yrs	AU$313.71k	0.0075% A$ 75.1k
Joseph Gersh	Independent Non-Executive Director	4.2yrs	AU$141.50k	0.0053% A$ 53.9k
Jialei Tang	Non-Executive Director	3.3yrs	AU$141.50k	4.71% A$ 47.5m

3.9yrs

Average Tenure

65yo

Average Age

Experienced Board: CMW's board of directors are considered experienced (3.9 years average tenure).

Cromwell Property Group Management

Management criteria checks 3/4

Key information

Recent management updates

CEO, MD & Director recently bought AU$303k worth of stock

Insufficient new directors

Cromwell Property Group to Promote Michelle Dance as Chief Financial Officer, Effective from 1 January 2024

CEO, MD & Director recently bought AU$297k worth of stock

Cromwell Property Group Appoints Lara Young as its Head of Environmental, Social, and Governance

High number of new directors

Recent updates

Now 22% overvalued

CEO, MD & Director recently bought AU$303k worth of stock

Fourth quarter dividend reduced to AU$0.0075

Now 21% overvalued after recent price rise

New major risk - Revenue and earnings growth

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Insufficient new directors

New major risk - Revenue and earnings growth

Now 23% undervalued

Dividend of AU$0.0075 announced

Price target decreased by 19% to AU$0.55

New major risk - Revenue and earnings growth

First half 2024 earnings released: AU$0.08 loss per share (vs AU$0.027 loss in 1H 2023)

Cromwell Property Group to Promote Michelle Dance as Chief Financial Officer, Effective from 1 January 2024

Cromwell Property Group to Report Fiscal Year 2024 Results on Aug 29, 2024

Price target decreased by 9.4% to AU$0.65

CEO, MD & Director recently bought AU$297k worth of stock

Cromwell Property Group Announces Dividend for the Quarter Ending September 30, 2023, Payable on November 17, 2023

Price target decreased by 8.3% to AU$0.72

Full year 2023 earnings released: AU$0.17 loss per share (vs AU$0.10 profit in FY 2022)

Cromwell Property Group (ASX:CMW) agreed to acquire Australian Unity Property Limited from Australian Unity Limited for AUD 17 million.

Consensus EPS estimates increase from loss to AU$0.02 profit, revenue downgraded

Price target decreased by 11% to AU$0.82

Now 24% undervalued after recent price drop

First half 2023 earnings released: AU$0.049 loss per share (vs AU$0.051 profit in 1H 2022)

Price target decreased by 11% to AU$0.82

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.

Upcoming dividend of AU$0.014 per share

Cromwell Property Group to Report Fiscal Year 2023 Results on Aug 31, 2023

Cromwell Property Group Appoints Lara Young as its Head of Environmental, Social, and Governance

Cromwell Property Group Announces Dividend for the Quarter Ending December 31, 2022 Payable on February 17, 2023

High number of new directors

Cromwell Property Group (ASX:CMW) acquired Five logistics assets in Nordics.

Anglicare Youth And Family Services agreed to acquire 50% LDK Healthcare Pty Ltd from Cromwell Property Group (ASX:CMW).

Cromwell Property Group Announces Dividend for the Quarter Ended September 30, 2022, Payable on November 18, 2022

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Cromwell Property Group Provides Dividend Guidance for the Quarter Ending September 2022

Cromwell Property Group Announces Ordinary Dividend for the Quarter Ending June 30, 2022, Payable on August 19, 2022

Key Executive recently bought AU$146k worth of stock

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).

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.

High number of new and inexperienced directors

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 Property Reportedly in Talks with AMP to Buy Collimate

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus forecasts updated

Cromwell Property Group Provides Dividend Guidance for the March 2022 Quarter

Australian Unity Office Fund Reportedly Eyes Asset Sales

Upcoming dividend of AU$0.016 per share

An unknown buyer acquired Slough Business Park Ltd from Cromwell Property Group (ASX:CMW) and Catella APAM Ltd for £28.1 million.

Full year 2021 earnings released: EPS AU$0.12 (vs AU$0.068 in FY 2020)

Castlerock Property Pty Ltd acquired Icon building in the Ipswich from Cromwell Property Group (ASX:CMW).

Cromwell Property Group Announces Ordinary Dividend for A Period of One Quarter Ended March 31, 2021

Cromwell Property Group Announces Board Changes

Independent Non-Executive Chairperson of the Board has left the company

Cromwell Property Group Announces Board Appointments

New 90-day low: AU$0.79

Elite Finland Value Added Fund Ii Ky managed by EAB Group Oyj (HLSE:EAB) acquired Light Industrial Portfolio in Finland in Finland from Cromwell Property Group (ASX:CMW).

Would Shareholders Who Purchased Cromwell Property Group's (ASX:CMW) Stock Year Be Happy With The Share price Today?

First half 2021 earnings released: EPS AU$0.056 (vs AU$0.088 in 1H 2020)

Cromwell Property Group to Report Fiscal Year 2021 Results on Aug 26, 2021

Cromwell Property Group (ASX:CMW) Insiders Increased Their Holdings

New 90-day low: AU$0.83

Cromwell Property Group Appoints Brett Hinton as Acting Chief Financial Officer

New 90-day low: AU$0.84

What Percentage Of Cromwell Property Group (ASX:CMW) Shares Do Insiders Own?

Cromwell Property Group Announces Management Changes

Cromwell Property Group's (ASX:CMW) Dismal Stock Performance Reflects Weak Fundamentals