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Company Profile

  • Business description

    Cromwell Property Group is an internally managed Australian real estate investment trust. It owns an Australian portfolio of (mostly office) properties and also develops and manages properties on behalf of third-party investors. The group is exploring opportunities to sell some assets, and to spin out its office portfolio into a separate REIT, leaving the Cromwell business to focus more on funds management. The timetable is uncertain given high interest rates are a headwind for property sales and sentiment toward office stocks has been depressed since the rise of hybrid working. We think it also needs to repair its balance sheet to restore confidence in the business.

  • Contact

    200 Mary Street
    Level 19
    Brisbane QLD 4000
    AUS

    T: +61 732257777

    E: invest@cromwell.com.

    https://www.cromwellpropertygroup.com

  • Sector

    Real Estate

    Stock type

    Cyclical

  • Industry

    REIT - Office

    Fiscal Year End

    30 June 2024

    Employees

    16

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Markets

Index
Last price
Change
% Change
All Ordinaries 7,862.30 147.10 -1.84%
CAC 40 7,932.61 112.50 -1.40%
DAX 40 17,766.23 260.35 -1.44%
Dow JONES (US) 37,897.12 162.01 0.43%
FTSE 100 7,820.36 145.17 -1.82%
HKSE 16,248.97 351.49 -2.12%
NASDAQ 15,891.02 6.00 0.04%
Nikkei 225 38,471.20 761.60 -1.94%
NZX 50 Index 11,804.84 111.94 -0.94%
S&P 500 5,062.26 0.44 0.01%
S&P/ASX 200 7,612.50 140.00 -1.81%
SSE Composite Index 3,007.07 50.31 -1.65%

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