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Cromwell Property Group
(Sydney:CMW)
Cromwell Property Group (CMW) vs. iShares MSCI Australia ETF (EWA)
Cromwell Property Group Business Overview & Revenue Model
Cromwell Property Group Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 219.70M | 349.50M | 352.90M | 361.40M | 408.20M |
| Gross Profit | 182.00M | 268.90M | 280.10M | 274.80M | 336.20M |
| EBITDA | 115.20M | -360.40M | 160.10M | 165.90M | 262.40M |
| Net Income | -541.10M | -443.80M | 263.20M | 308.20M | 181.10M |
Balance Sheet | |||||
| Total Assets | 3.08B | 4.22B | 5.05B | 5.01B | 4.98B |
| Cash, Cash Equivalents and Short-Term Investments | 292.30M | 113.90M | 286.00M | 142.30M | 194.10M |
| Total Debt | 1.39B | 1.82B | 2.19B | 2.19B | 2.19B |
| Total Liabilities | 1.49B | 2.00B | 2.34B | 2.34B | 2.40B |
| Stockholders Equity | 1.59B | 2.21B | 2.71B | 2.67B | 2.58B |
Cash Flow | |||||
| Free Cash Flow | 108.10M | 147.90M | 174.80M | 190.70M | 199.60M |
| Operating Cash Flow | 113.00M | 149.20M | 175.60M | 192.90M | 201.30M |
| Investing Cash Flow | 602.10M | 196.90M | 126.30M | -60.50M | -1.13B |
| Financing Cash Flow | -519.30M | -521.40M | -150.60M | -176.60M | 1.03B |
Cromwell Property Group Technical Analysis
Cromwell Property Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$365.46M | 17.22 | 3.21% | 7.35% | 20.75% | 307.22% | |
64 Neutral | AU$862.97M | 16.83 | 4.90% | 6.03% | -10.26% | ― | |
64 Neutral | $6.87B | 17.44 | -1.93% | 6.95% | 4.65% | -24.33% | |
60 Neutral | AU$1.80B | ― | -10.45% | 8.49% | 2.70% | -8.39% | |
55 Neutral | AU$743.68M | ― | -8.21% | 8.14% | -9.52% | 47.94% | |
54 Neutral | AU$1.06B | ― | -12.54% | 7.41% | -52.49% | 47.09% | |
54 Neutral | AU$1.05B | ― | -6.24% | 7.26% | ― | ― |
Cromwell Property Group Corporate Events
Cromwell Property Group has announced the sale of its 50% stake in the Chatswood joint venture property located at 475 Victoria Avenue, NSW, for approximately $87 million. This transaction is expected to positively impact Cromwell’s FY2026 earnings and reduce the Group’s gearing by about 3%. The sale, which is at a 9% discount to the most recent valuation, is anticipated to complete in the first quarter of FY2026 and will result in a property IRR of over 8.5% over the investment period.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.
Terbium Property Pty Ltd and Terbium Corporate Pty Ltd, along with associated Brookfield Entities, have become substantial holders in Cromwell Property Group, acquiring a 19.89% voting power through the purchase of 520,849,603 ordinary stapled securities. This acquisition signifies a significant shift in ownership, potentially impacting Cromwell’s future strategic decisions and stakeholder interests.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.
Brookfield has entered into a binding agreement to acquire ESR’s remaining 19.9% stake in Cromwell Property Group, pending FIRB approval. This acquisition could potentially impact Cromwell’s operations and industry positioning by consolidating Brookfield’s influence within the company, which may have implications for stakeholders.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 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 has confirmed additional details regarding its Barton development project in ACT, which has attracted significant market interest. The project is expected to cost $201 million, including land, construction, fees, and tenant incentives, with a projected yield on cost exceeding 6.3%. This development highlights Cromwell’s continued strategic investment in real estate, potentially enhancing its market position and offering attractive returns for stakeholders.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 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 has announced a significant development project in Barton, ACT, involving a 19,800 sqm office building for a Commonwealth Government entity. This project, designed to achieve high environmental ratings, represents a strategic growth phase for Cromwell, offering long-term income stability with a 15-year lease. The project is expected to attract future capital partners as Cromwell transitions to a capital light investment model. Additionally, Cromwell has renegotiated its debt facilities, resulting in more favorable terms and a reduced credit margin, reflecting its strengthened financial position post-business simplification.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.44 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 announced a new dividend distribution of AUD 0.0075 per fully paid ordinary/unit stapled security, with an ex-date of June 27, 2025, and a payment date set for August 15, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its investors and may impact its market positioning by reinforcing investor confidence in its financial stability.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.
Goldman Sachs Group, Inc. has ceased to be a substantial shareholder in Cromwell Property Group as of May 26, 2025. This change in shareholding may impact Cromwell’s market dynamics and investor relations, as Goldman Sachs’ exit could influence other stakeholders’ perceptions and decisions regarding the company’s stock.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 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 has experienced a significant change in its substantial holders’ interests, with a reduction in voting power from 30.705% to 19.89%. This change is due to the disposal of ordinary stapled securities by MEGA EquityCo and associated entities, impacting the company’s ownership structure and potentially influencing its strategic direction.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.
Goldman Sachs Australia Pty Ltd has underwritten the sale of 282,837,603 existing ordinary stapled securities in Cromwell Property Group, resulting in Goldman Sachs obtaining a 9.9% interest in these securities. This transaction, part of Goldman Sachs’ routine financial services activities, will see the firm relinquish its interest following the settlement of the sale, scheduled for 26 May 2025.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.
ESR Group has reduced its ownership in Cromwell Property Group by selling a 10.8% stake as part of its strategy to simplify its business through non-core divestments. Despite the sale, ESR remains the largest securityholder in Cromwell with a 19.9% stake, indicating continued confidence in Cromwell’s future prospects.
The most recent analyst rating on (AU:CMW) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Cromwell Property Group stock, see the AU:CMW Stock Forecast page.