Stock Analysis
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.
Valuation is complex, but we're helping make it simple.
Find out whether Cromwell European Real Estate Investment Trust is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SGX:CWBU
Cromwell European Real Estate Investment Trust
Cromwell European Real Estate Investment Trust (“Cromwell European REIT” or “CEREIT”) has a principal mandate to invest, directly or indirectly, in income-producing commercial real estate assets across Europe with a minimum portfolio weighting of at least 75% to Western Europe and at least 75% to the light industrial / logistics and office sectors.