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Cromwell European Real Estate Investment Trust

Cromwell European Real Estate Investment Trust

CWBU.SI
Cromwell European Real Estate Investment TrustSG flagStock Exchange of Singapore
1.54
EUR
- -
- -
865.56MMarket Cap
Cromwell European Real Estate Investment Trust
CWBU.SI
(Stock Exchange of Singapore)

Recent

price

1.54

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
TTM
FRC
- -
0.37
0.37
0.36
0.4
0.38
0.38
0.38
Revenue per Share
- -
0.23
0.16
0.17
0.07
0.06
-0.14
0.21
Basic EPS, GAAP
- -
0.18
0.17
0.18
0.16
0.16
0.13
0.19
Free Cash Flow per Basic Share
- -
0.17
0.19
0.15
0.17
0.16
0.15
0.17
Dividend per Share
- -
2.77
2.67
2.56
2.42
2.12
2.03
2.84
Book Value per Share
- -
2.77
2.55
2.68
2.53
2.23
2.14
2.84
Tangible Book Value per Share
- -
474
511
551
562
562
562
463
Basic Weighted Avg Shares
- -
177
187
200
222
213
216
177
Sales/Revenue/Turnover
- -
58.78
57.16
59.67
56.01
56.11
56.52
59.05
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
109
79
97
42
35
-74
109
Net Income, GAAP
- -
16.15
17.79
22.66
24.69
36.31
- -
16.15
Effective Tax Rate (%)
- -
61.59
42.45
48.27
18.89
16.66
-34.14
61.59
Profit Margin (%)
31
105
4
-13
-77
31
-450
105
Working Capital
592
803
847
900
964
948
499
803
LT Debt
1,119
1,315
1,302
1,477
1,423
1,255
1,205
1,315
Total Equity
- -
4.53
4.09
4.06
3.87
3.28
- -
4.55
Return on Invested Capital (%)
- -
6.2
4.18
4.85
2.42
2.65
- -
6.2
Return on Capital (%)
- -
8.96
5.93
6.94
2.86
2.6
-6.54
7.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
ST Debt
61
91
20
LT Borrowings
620
725
803
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
440
509
510
Market Capitalization
509
620
657

Working Capital

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
Total Current Assets
92
134
206
Cash, Cash Equivalents & STI
57
59
79
Accounts Receivable, Net
35
56
19
Inventories
- -
- -
- -
Total Current Liabilities
128
172
101
Payables & Accruals
- -
- -
- -
ST Debt
61
91
20
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-1.39%
-3.99%
Free Cash Flow
- -
-3.62%
-20.63%
Net Income, GAAP
- -
-77.16%
-308.28%
Sales/Revenue/Turnover
- -
4.23%
1.68%
Total Cash Common Dividend
- -
1.32%
-8.39%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
222
2023
- -
- -
- -
- -
213
2024
- -
- -
- -
- -
216

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
0.07
2023
- -
- -
- -
- -
0.06
2024
- -
- -
- -
- -
-0.14

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
0.17
2023
- -
- -
- -
- -
0.16
2024
- -
- -
- -
- -
0.15
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Business
Stoneweg European Real Estate Investment Trust (formerly Cromwell European Real Estate Investment Trust, ticker: CWBU.SI), a Singapore-listed real estate investment trust established in 2017 and headquartered in Singapore, invests directly or indirectly in a diversified portfolio of income-producing commercial real estate assets primarily across Europe with a minimum 75% weighting to Western Europe and at least 75% to light industrial/logistics and office sectors; its holdings include approximately 112 properties encompassing light industrial/logistics facilities (around 68 assets such as warehouses and distribution centers in France, Germany, Denmark, the Netherlands, the Czech Republic, Slovakia, Italy and the United Kingdom) and Grade A office spaces with strong ESG characteristics situated in or near major gateway cities in the Netherlands, Italy, France, Poland, Germany, Finland, Denmark, the Czech Republic, Slovakia and the United Kingdom, delivering an aggregate lettable area of about 1.4 million square meters, over 800 tenants and a weighted average lease expiry of roughly 5.0 years. The trust targets institutional and retail investors seeking exposure to stable rental income from high-quality pan-European assets, with around 87% exposure to Western Europe and a majority focus on logistics/light industrial properties valued at over €2 billion. In late 2024, Stoneweg Icona Capital Platform completed a transformative €280 million acquisition of the REIT's previous sponsor Cromwell Property Group's 27.8% stake, full ownership of its Singapore-based manager Cromwell EREIT Management Pte. Ltd. and European property manager Cromwell Europe (overseeing 200 staff across 14 offices in 12 countries), prompting a rebranding to Stoneweg European REIT effective January 2, 2025, alongside a new sponsor logo across properties and communications; subsequent developments include plans for stapling with Stoneweg European Business Trust (effective June 2025, forming Stoneweg Europe Stapled Trust with counters SET and SEB), an S&P 'BBB-' rating assignment in January 2025, earmarked asset divestments of €50-70 million in 2025-2026 (including an exit from Slovakia), and a proposed 2025 annual general meeting alongside an extraordinary general meeting for the stapling.