Basic Profile & Key Statistics Cromwell European REIT (CEREIT) is a diversified REIT that invests mainly in office, industrial and logistics sectors. CEREIT owns 96 properties across 7 countries in Europe.
Performance Review Gross revenue and NPI decreased YoY by 1.4% and 3.9% respectively. Distributable income and DPU decreased YoY by 14.4% and 14.6% respectively due to both management base management fee and property management fee received in cash for 2H 2020. Rental revision is at -1.4% for industrial; 1.6% for office and 0% for overall portfolio in 2H 2020.
1 day after the financial result is released, CEREIT announced the launch of the private placement (at € 0.43 to raise  €100 million) to partially replenish working capital for recently acquired logistics park located in Italy and to partially fund the acquisition of properties in the Czech Republic and Slovakia which is targeted to complete by March 2021. 
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