Cromwell Property Group (CMW) AI Stock Analysis

• Market Cap: AU$1.09B
• Dividend Yield: 6.12%
• Average Volume (3M): 5.62M
• Price to Earnings (P/E): 3.1
• Beta (1Y): 0.57
• Revenue Growth: -5.64%
• EPS Growth: 89.16%
• Country: AU
• Employees: 380
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Office
• EPS (TTM): 0.02
• Shares Outstanding: 2,618,866,700
• 10 Day Avg. Volume: 3,152,778
• 30 Day Avg. Volume: 5,616,856
• PEG Ratio: 0.44
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 5.04
• P/FCF Ratio: 8.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.04
• Revenue Forecast (FY): AU$164.60M

• Rating: 54 Neutral
• Price Target: AU$0.42 ▼(-12.92% Downside)
• Action: Reiterated Date: 12/18/25
• Date: Action: Reiterated 12/18/25

Cromwell Property Group's overall stock score reflects significant financial challenges, particularly in profitability and revenue growth. While technical indicators show some positive momentum, the negative valuation metrics weigh heavily on the score. The high dividend yield is a positive aspect, but it is overshadowed by broader financial difficulties.

Positive Factors

Reduced leverage

A materially lower debt-to-equity ratio (0.46) reduces refinancing and interest-rate risk, increases financial flexibility for acquisitions or capex, and supports distributions. This improved capital structure is a durable stabilizer for performance over the next 2–6 months.

Cash generation efficiency

Strong operating cash flow relative to accounting losses and free cash flow roughly matching net income indicate the business actually generates recurring cash. That improves liquidity, funds maintenance capex and debt service, and is a sustainable buffer against earnings volatility.

Diversified revenue streams

A mix of rental income, property-management fees and funds-management revenue diversifies cash flow and client bases. Managing institutional funds provides durable fee income and capital access, reducing reliance on any single sector or tenant over the medium term.

Negative Factors

Negative profitability

Persistent negative ROE signals the company is not generating sufficient returns on shareholder capital. Over months, this hampers retained-earnings growth, limits reinvestment capacity, and raises questions about long-term value creation absent structural earnings recovery.

Revenue decline

A recent downtrend in revenue indicates weakening underlying demand or asset performance. If sustained, falling top-line receipts pressure margins, reduce fee income from funds, and constrain capital available for asset upgrades or debt reduction over the next several quarters.

Weak operational margins

Negative EBIT/EBITDA margins point to structural cost or portfolio yield issues that impair cash cushion and profitability. Without operational improvement or asset yield recovery, margin weakness will persist and limit the firm's ability to rebuild equity or invest in growth.

Cromwell Property Group Business Overview & Revenue Model

Company Description

Cromwell Property Group (CMW) is a leading integrated real estate investment and property services firm based in Australia. The company operates across various sectors, including commercial, industrial, and retail properties, focusing on the acquisition, development, and management of high-quality assets. Cromwell offers a range of services, including property management, investment management, and funds management, catering to both institutional and retail investors.

How the Company Makes Money

Cromwell Property Group generates revenue through several key streams, primarily from rental income derived from its extensive portfolio of properties. The company leases commercial, industrial, and retail spaces to a diverse range of tenants, which provides a steady income flow. Additionally, Cromwell earns fees from its property management and investment management services, including leasing, maintenance, and asset management fees. Significant partnerships with institutional investors and funds also contribute to its earnings, as Cromwell manages various property funds that attract capital from both local and international investors. The company may also realize profits through property sales and development projects, further enhancing its revenue streams.

Cromwell Property Group Financial Statement Overview

Summary

Cromwell Property Group is experiencing significant financial challenges, with negative revenue growth and profitability issues. While there are positive signs in cash flow management and reduced leverage, the negative net income and declining revenues are major concerns.

Income Statement

Cromwell Property Group's income statement reveals a challenging financial period. The company has experienced declining revenues over the past few years, with a negative revenue growth rate of -2.16% in the most recent year. The net profit margin is negative, indicating losses, and both EBIT and EBITDA margins are also negative, reflecting operational inefficiencies. Despite a historically strong gross profit margin, the recent financial performance suggests significant profitability challenges.

Balance Sheet

The balance sheet shows a moderate level of financial stability. The debt-to-equity ratio has improved to 0.46, indicating a reduction in leverage compared to previous years. However, the return on equity remains negative, highlighting ongoing profitability issues. The equity ratio is relatively stable, suggesting a balanced asset structure, but the negative ROE is a concern for long-term value creation.

Cash Flow

Cash flow analysis shows some positive aspects, with a recent increase in free cash flow growth. The operating cash flow to net income ratio is strong, indicating efficient cash generation relative to reported losses. The free cash flow to net income ratio is close to 1, suggesting that cash flows are being managed effectively despite net income losses. However, the overall cash flow position is impacted by the company's broader profitability challenges.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	173.20M	176.60M	219.70M	349.50M	352.90M	361.40M
Gross Profit	133.20M	145.60M	182.00M	268.90M	280.10M	274.80M
EBITDA	173.70M	-45.90M	115.20M	-360.40M	365.60M	384.50M
Net Income	106.50M	-22.60M	-541.10M	-443.80M	263.20M	308.20M
Balance Sheet
Total Assets	2.40B	2.27B	3.08B	4.22B	5.05B	5.01B
Cash, Cash Equivalents and Short-Term Investments	53.50M	79.30M	292.30M	113.90M	286.00M	142.30M
Total Debt	739.30M	675.90M	1.39B	1.82B	2.19B	2.19B
Total Liabilities	887.80M	816.50M	1.49B	2.00B	2.34B	2.34B
Stockholders Equity	1.51B	1.45B	1.59B	2.21B	2.71B	2.67B
Cash Flow
Free Cash Flow	88.10M	102.00M	108.10M	147.90M	174.80M	190.70M
Operating Cash Flow	88.50M	102.60M	113.00M	149.20M	175.60M	192.90M
Investing Cash Flow	-108.40M	384.40M	602.10M	196.90M	126.30M	-60.50M
Financing Cash Flow	-561.00M	-720.60M	-519.30M	-521.40M	-150.60M	-176.60M

Cromwell Property Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CMW, the sentiment is Negative. The current price of 0.48 is above the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.44, and above the 200-day MA of 0.42, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.97 is Neutral, neither overbought nor oversold. The STOCH value of 13.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CMW.

Cromwell Property Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DXI	70 Outperform	AU$809.04M	4.92	7.99%	6.09%	-8.67%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
GDI	63 Neutral	AU$337.39M	5.21	5.37%	7.69%	17.85%	―
ABG	57 Neutral	AU$924.94M	5.68	1.70%	7.11%	4.69%	―
CMW	54 Neutral	AU$1.09B	3.08	-9.33%	6.12%	-5.64%	89.16%
GOZ	53 Neutral	AU$1.66B	7.35	-5.04%	8.12%	-0.33%	58.26%
COF	53 Neutral	AU$606.30M	2.79	-1.91%	8.63%	-4.50%	88.28%

Cromwell Property Group Corporate Events

Cromwell Property Group Releases HY26 Results Presentation

Cromwell Property Group has released its HY26 results presentation dated 26 February 2026, indicating it is reporting on its financial and operational performance for the half-year period. While detailed figures are not disclosed in the release excerpt, the timing and formal presentation underscore the company’s ongoing communication with investors and the market about its mid-year performance and strategic progress.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.43 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

Cromwell lifts AUM and deepens industrial push on stronger half-year

Cromwell Property Group reported a solid first-half result to 31 December 2025, with group assets under management rising 13.6% to $5.0 billion and operating profit edging up 1.5% to $55.9 million. Net tangible assets increased to $0.58 per security, gearing remained modest at 30.2%, and investment portfolio valuations rose 3.6% on the back of high occupancy of 97.2% and successful leasing, underscoring balance sheet strength and earnings resilience.

The group accelerated its strategic shift into industrial real estate via the acquisition of an industrial management platform and a 19.9% stake in a $472 million logistics portfolio, launched a new wholesale fund to acquire a major Brisbane CBD office tower, and confirmed its fully pre-leased Barton1 Canberra development remains on time and on budget for mid-2027 completion. These initiatives deepen Cromwell’s industrial and funds management capabilities, enhance fee-based growth prospects, and provide long-term income visibility for investors while the board reaffirmed FY26 distribution guidance of 3.0 cents per security.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.43 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

Cromwell Swings Back to Profit as Asset Values and Revenue Climb

Cromwell Property Group reported a sharp rebound in statutory earnings for the six months to 31 December 2025, with profit after tax attributable to stapled security holders rising to $99.3 million from a $28.6 million loss a year earlier, driven by higher revenue and positive fair value movements. Operating profit remained broadly flat at $55.9 million, operating earnings per stapled security held at 2.1 cents, and distributions were unchanged at 1.5 cents per security, while net tangible assets per security rose 4% to $0.58 and gearing edged up to 32.8%, signalling a modestly stronger balance sheet despite higher net debt.

Total assets increased 6% to $2.4 billion and net assets grew to $1.51 billion, underscoring incremental portfolio growth and valuation support across the platform. The distribution reinvestment plan remained suspended for the September and December 2025 quarters, meaning all interim distributions were paid in cash, a decision that preserves ownership structure but forgoes equity raising via DRP and may reflect Cromwell’s current funding and capital management priorities.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.43 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

Cromwell Lifts Australian Portfolio Value on Strong Brisbane Leasing

Cromwell Property Group has reported a draft uplift in the value of its Australian investment portfolio to $2.087 billion as at 31 December 2025, a 3.6% increase or $72 million on the June 2025 valuations, despite a slight expansion in the weighted average capitalisation rate to 7.15%. The rise in valuations was driven largely by strong leasing momentum at 400 George Street in Brisbane, where new and renewed leases over 28,000 sqm—representing 65% of the building’s net lettable area—were secured in the half, signalling resilient tenant demand across key assets ahead of the group’s upcoming half-year results release in February.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

Cromwell Property Group Names Andrew Murray as New Company Secretary

Cromwell Property Group has announced the appointment of Andrew Murray as Company Secretary and the designated contact for communications with the ASX, following the resignation of Michael Foster from the role, effective 15 January 2026. The change in a key governance position signals an orderly transition in Cromwell’s corporate administration, ensuring continuity in its regulatory and market disclosure obligations as it continues to manage a significant portfolio of real estate assets for its investor base.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

Cromwell Property Group Declares Quarterly Distribution for December 2025

Cromwell Property Group has declared a quarterly distribution of AUD 0.0075 per fully paid stapled security for the period ending 31 December 2025, reinforcing its ongoing return of capital to investors through regular income payments. The distribution will trade ex‑distribution on 30 December 2025, with a record date of 31 December 2025 and payment scheduled for 13 February 2026, providing investors with visibility on near‑term cash flows and signalling operational stability as the group maintains its established distribution timetable.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.

Cromwell Property Group Completes Strategic Industrial Acquisition

Cromwell Property Group has completed the acquisition of Terre Property Partners and a 19.9% interest in the Straits Real Estate Australian industrial portfolio. This move aligns with Cromwell’s strategy to expand its industrial growth and strengthen its capital partnerships, potentially enhancing its market position and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.