Announcement • Jul 27
Cromwell Property Group to Report Fiscal Year 2026 Results on Aug 27, 2026 Cromwell Property Group announced that they will report fiscal year 2026 results on Aug 27, 2026 Declared Dividend • Jun 25
Dividend of AU$0.0075 announced Shareholders will receive a dividend of AU$0.0075. Ex-date: 29th June 2026 Payment date: 18th August 2026 Dividend yield will be 7.9%, which is higher than the industry average of 5.8%. 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. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. CEO, MD & Director Jonathan 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. 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. 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. 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. 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. 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 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 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. 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 Buy Or Sell Opportunity • Oct 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.2% to €0.25. The fair value is estimated to be €0.20, 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 €186k worth of stock On the 9th of October, Jonathan P. Callaghan bought around 728k shares on-market at roughly €0.26 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. Buy Or Sell Opportunity • Sep 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €0.26. The fair value is estimated to be €0.22, 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 • Sep 23
Fourth quarter dividend of AU$0.0075 announced Shareholders will receive a dividend of AU$0.0075. Ex-date: 27th September 2024 Payment date: 15th November 2024 Dividend yield will be 8.5%, which is higher than the industry average of 5.8%. New Risk • Sep 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.9% average weekly change). 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 released: AU$0.11 loss per share (vs AU$0.084 loss in FY 2023) 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 is forecast to grow 6.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 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. Declared Dividend • Mar 24
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 10%, which is higher than the industry average of 5.8%. Reported Earnings • Mar 03
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 1.3% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Mar 02
New major risk - Revenue and earnings growth Earnings have declined by 48% 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 (1.7x net interest cover). Earnings have declined by 48% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.7% average weekly change). 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. New Risk • Nov 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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 27% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.9% average weekly change). New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings have declined by 27% 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 27% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Recent Insider Transactions • Oct 08
CEO, MD & Director recently bought €181k worth of stock On the 29th of September, Jonathan P. Callaghan bought around 670k shares on-market at roughly €0.27 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. 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 1.3% growth forecast for the Office REITs industry in Europe. 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 20% 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. Board Change • Mar 27
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. Buying Opportunity • Mar 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be €0.52, 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 Europe are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year. Buying Opportunity • Feb 07
Now 22% undervalued Over the last 90 days, the stock is up 6.2%. The fair value is estimated to be €0.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 9.7%. For the next 3 years, revenue is forecast to decline by 4.1% per annum. Earnings is also forecast to decline by 10% per annum over the same time period. 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 German dividend payers (5.1%). Higher than average of industry peers (5.7%). 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. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: AU$0.10 (vs AU$0.12 in FY 2021) 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. Over the next year, revenue is forecast to decline by 36% while the REITs industry in Germany is not expected to grow. 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 10% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 13
Key Executive recently bought €98k worth of stock On the 8th of June, Eng-Peng Ooi bought around 195k shares on-market at roughly €0.50 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. 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. Reported Earnings • Feb 26
First half 2022 earnings: EPS in line with expectations, revenues disappoint 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%. Over the next year, revenue is forecast to decline by -15% while the industry in Germany is not expected to grow. 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 German dividend payers (3.3%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 28
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). 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 (€207k worth at the time). A total of 4 executives have left over the last 12 months. 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). Is New 90 Day High Low • Jan 29
New 90-day low: €0.50 The company is down 4.0% from its price of €0.52 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.08 per share. Is New 90 Day High Low • Nov 09
New 90-day high: €0.56 The company is up 4.0% from its price of €0.54 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.83 per share. 
