Cromwell European Real Estate Investment Trust Reports First Quarter 2024 Earnings

Cromwell European Real Estate Investment Trust (SGX:CWBU) First Quarter 2024 Results

Key Financial Results

• Revenue: €53.3m (down 2.7% from 1Q 2023).
• Net income: €19.7m (down 10% from 1Q 2023).
• Profit margin: 37% (down from 40% in 1Q 2023).
• EPS: €0.035.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cromwell European Real Estate Investment Trust Earnings Insights

Looking ahead, revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the REITs industry in Asia are expected to grow by 4.1%.

Performance of the market in Singapore.

The company's shares are up 1.4% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Cromwell European Real Estate Investment Trust could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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