Basic Profile & Key Statistics Cromwell European REIT (CEREIT) is a diversified REIT that invests mainly in office, industrial and logistics sectors. CEREIT owns 107 properties across 9 countries.
Performance Highlight Gross revenue and NPI decreased YoY by 0.1% and 0.4% respectively. Distributable income and DPU decreased YoY by 6.5% and 9.1% respectively mainly due to higher income expenses and higher trust expenses.
Rent reversion is at a negative 1.3% for the overall portfolio. 
CEREIT has completed the acquisition of 11 assets in the Czech Republic and Slovakia on 12 March 2021.

Related Parties Shareholding

REIT sponsor's shareholding is moderate at 28.06%REIT manager's shareholding is low at 0.41%Directors of REIT manager's shareholding is low at 0.02%
Lease Profile

Occupancy is moderate at 94.6%WALE is long at 4.8 yearsHighest lease expiry within 5 years is high at 59.6% which falls in 2025 and beyond, without breakdownWeighted average land lease expiry is long at 94.59...