Cromwell European Real Estate Investment Trust Reports Third Quarter 2023 Earnings

Cromwell European Real Estate Investment Trust (SGX:CWBU) Third Quarter 2023 Results

Key Financial Results

• Revenue: €53.6m (down 4.2% from 3Q 2022).
• Net income: €22.5m (up 6.8% from 3Q 2022).
• Profit margin: 42% (up from 38% in 3Q 2022).
• EPS: €0.04.

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 2.1%.

Performance of the market in Singapore.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Cromwell European Real Estate Investment Trust (1 shouldn't be ignored!) that you need to be mindful of.

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