Shares & Derivatives
Cromwell European REIT Review @ 23 November 2023
By REIT-TIREMENT  •  November 23, 2023
Basic Profile & Key Statistics Main Sector(s): Office, Industrial & LogisticsCountry(s) with Assets: Netherlands, Italy, France, Poland, Germany, Finland, Denmark, Slovakia, Czechia & EnglandNo. of Properties (exclude associate/fund): 111 Key Indicators Performance Highlight For YTD 9 months, gross revenue and NPI remain similar YoY. However, distributable income and DPU declined YoY mainly due to higher finance costs, offset by lower tax expenses. Rental Reversion Rental reversion is at 10.6% for 3Q 2023. Divestment On 6 October, CEREIT divested Viale Europa 95 at a 14.6% premium to the purchased price. Development Development of Nervesa 21 is on track to be completed in 1Q 2024 while the Lovosice ONE Industrial Park I in The Czech Republic and Nove Mesto ONE Industrial Park I / III in Slovakia are largely completed and close to 50% and 60% pre-let. Maxima is currently under strip out works. Related Parties Shareholding REIT Sponsor's Shareholding: ± 10% from medianREIT Manager's Shareholding: Below median by 20% or moreDirectors of...
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I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...

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