Cromwell Property Group Past Earnings Performance

Past criteria checks 0/6

Cromwell Property Group's earnings have been declining at an average annual rate of -53.2%, while the Office REITs industry saw earnings growing at 0.7% annually. Revenues have been declining at an average rate of 9.1% per year.

Key information

-53.2%

Earnings growth rate

-54.1%

EPS growth rate

Office REITs Industry Growth	4.8%
Revenue growth rate	-9.1%
Return on equity	-17.6%
Net Margin	-127.6%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Cromwell Property Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:C4Q Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	220	-280	46
31 Mar 24	214	-319	48
31 Dec 23	339	-581	122
30 Sep 23	349	-512	122
30 Jun 23	229	-221	51
31 Mar 23	328	-81	85
31 Dec 22	428	59	119
30 Sep 22	458	161	122
30 Jun 22	488	263	125
31 Mar 22	467	280	123
31 Dec 21	446	296	122
30 Sep 21	458	302	121
30 Jun 21	471	308	120
31 Mar 21	453	201	128
31 Dec 20	436	95	137
30 Sep 20	457	136	141
30 Jun 20	477	178	146
31 Mar 20	462	227	138
31 Dec 19	447	276	131
30 Sep 19	409	218	123
30 Jun 19	371	160	115
31 Mar 19	402	197	111
31 Dec 18	434	234	107
30 Sep 18	448	219	103
30 Jun 18	462	203	98
31 Dec 17	388	203	96
30 Sep 17	371	240	94
30 Jun 17	353	277	93
31 Dec 16	360	287	87
30 Sep 16	360	308	86
30 Jun 16	360	330	85
31 Mar 16	349	293	76
31 Dec 15	338	257	66
30 Sep 15	308	203	53
30 Jun 15	278	149	40
31 Mar 15	276	166	34
31 Dec 14	275	183	27
30 Sep 14	280	183	26
30 Jun 14	284	182	25
31 Mar 14	276	143	24
31 Dec 13	268	103	23

Quality Earnings: C4Q is currently unprofitable.

Growing Profit Margin: C4Q is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: C4Q is unprofitable, and losses have increased over the past 5 years at a rate of 53.2% per year.

Accelerating Growth: Unable to compare C4Q's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: C4Q is unprofitable, making it difficult to compare its past year earnings growth to the Office REITs industry (-11.7%).

Return on Equity

High ROE: C4Q has a negative Return on Equity (-17.63%), as it is currently unprofitable.

Cromwell Property Group Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Full year 2024 earnings released: AU$0.11 loss per share (vs AU$0.084 loss in FY 2023)

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

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

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

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

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

Recent updates

Now 21% overvalued after recent price rise

CEO, MD & Director recently bought €186k worth of stock

Now 21% overvalued after recent price rise

Fourth quarter dividend of AU$0.0075 announced

New minor risk - Share price stability

New major risk - Revenue and earnings growth

Full year 2024 earnings released: AU$0.11 loss per share (vs AU$0.084 loss in FY 2023)

Insufficient new directors

New major risk - Revenue and earnings growth

Dividend of AU$0.0075 announced

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

New major risk - Revenue and earnings growth

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

New minor risk - Share price stability

New major risk - Revenue and earnings growth

CEO, MD & Director recently bought €181k worth of stock

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

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.

High number of new directors

Now 21% undervalued after recent price drop

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

Now 22% undervalued

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 released: EPS: AU$0.10 (vs AU$0.12 in FY 2021)

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 €98k 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 in line with expectations, revenues disappoint

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

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).

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

New 90-day low: €0.50

Cromwell Property Group Appoints Brett Hinton as Acting Chief Financial Officer

Cromwell Property Group Announces Management Changes

Cromwell Property Group Appoints Darren Downs as Head of Separate Accounts

CTP Invest, spol. s r. o. acquired Portfolio of 12 buildings within CTPark Bucharest from Cromwell Property Group (ASX:CMW).

New 90-day high: €0.56

Cromwell Property Group (ASX:CMW) and IGIS Asset Management Co., Ltd completed the acquisition of Seven DHL logistics assets in Italy for €51 million.

Cromwell Property Group Approves Appointment of Directors

ARA Asset Management Limited cancelled the acquisition of an additional 22.02% stake in Cromwell Property Group (ASX:CMW).

Full year earnings released

Cromwell Property Group (ASX:CMW) and IGIS Asset Management Co., Ltd signed binding agreement to acquire Seven DHL logistics assets in Italy for €52.5 million.

Revenue & Expenses Breakdown