Cromwell Property Group (CMW) AI Stock Analysis

• Market Cap: AU$1.23B
• Dividend Yield: 6.38%
• Average Volume (3M): 4.70M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.78
• 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: 8,395,496
• 30 Day Avg. Volume: 4,699,836
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: AU$0.50
• Price Target Upside: 6.38% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: AU$0.50 ▲(6.38% Upside)

The overall stock score is primarily influenced by the company's financial performance challenges, particularly in profitability and revenue growth. Technical analysis provides a positive outlook with bullish momentum, while valuation concerns due to negative earnings are partially offset by a high dividend yield. The absence of earnings call and corporate events data means these factors do not influence the score.

Cromwell Property Group Business Overview & Revenue Model

Company Description

Cromwell Property Group (ASX:CMW) is a diversified real estate investor and manager with operations on three continents and a global investor base. As at 30 June 2020, Cromwell had a market capitalisation of $2.4 billion, a direct property investment portfolio valued at $3.0 billion and total assets under management of $11.5 billion across Australia, New Zealand and Europe.

How the Company Makes Money

Cromwell Property Group generates revenue primarily through rental income from its extensive portfolio of commercial properties. Additionally, the company earns fees from property management and funds management services. Cromwell also engages in strategic property acquisitions and disposals to optimize its portfolio and enhance returns. The company's earnings are further supported by partnerships and joint ventures, which enable it to expand its asset base and leverage additional expertise in property management and development.

Cromwell Property Group Financial Statement Overview

Summary

Cromwell Property Group faces significant challenges, particularly in terms of profitability and revenue growth. While the company has managed to reduce its leverage and maintain a strong equity base, negative returns on equity and declining revenues are concerning. Cash flow metrics show some resilience, indicating potential for recovery if operational efficiencies can be improved.

Income Statement

Cromwell Property Group's income statement reveals significant challenges. The company has experienced declining revenue over the past few years, with a negative revenue growth rate of -2.16% in the latest year. Profitability metrics are concerning, with a negative net profit margin of -12.80% and a negative EBIT margin of -28.37%. These figures indicate operational inefficiencies and potential issues in cost management. The gross profit margin remains relatively strong at 82.45%, suggesting some resilience in core operations.

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 is negative at -1.55%, reflecting the company's inability to generate positive returns for shareholders. The equity ratio stands at 64.05%, suggesting a strong equity base relative to total assets, which provides some buffer against financial distress.

Cash Flow

Cash flow analysis indicates some positive trends. The free cash flow growth rate has rebounded to 69.10%, showing improved cash generation capabilities. The operating cash flow to net income ratio is 0.74, highlighting the company's ability to convert earnings into cash. The free cash flow to net income ratio is nearly 1, suggesting effective cash management despite negative net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	176.60M	176.60M	219.70M	349.50M	352.90M	361.40M
Gross Profit	145.60M	145.60M	182.00M	268.90M	280.10M	274.80M
EBITDA	121.30M	-45.90M	115.20M	-360.40M	160.10M	165.90M
Net Income	-58.60M	-22.60M	-541.10M	-443.80M	263.20M	308.20M
Balance Sheet
Total Assets	2.27B	2.27B	3.08B	4.22B	5.05B	5.01B
Cash, Cash Equivalents and Short-Term Investments	79.30M	79.30M	292.30M	113.90M	286.00M	142.30M
Total Debt	675.90M	675.90M	1.39B	1.82B	2.19B	2.19B
Total Liabilities	816.50M	816.50M	1.49B	2.00B	2.34B	2.34B
Stockholders Equity	1.45B	1.45B	1.59B	2.21B	2.71B	2.67B
Cash Flow
Free Cash Flow	102.00M	102.00M	108.10M	147.90M	174.80M	190.70M
Operating Cash Flow	102.60M	102.60M	113.00M	149.20M	175.60M	192.90M
Investing Cash Flow	384.40M	384.40M	602.10M	196.90M	126.30M	-60.50M
Financing Cash Flow	-720.60M	-720.60M	-519.30M	-521.40M	-150.60M	-176.60M

Cromwell Property Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.47
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CMW, the sentiment is Positive. The current price of 0.47 is below the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.45, and above the 200-day MA of 0.39, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 52.01 is Neutral, neither overbought nor oversold. The STOCH value of 52.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CMW.

Cromwell Property Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GDI	70 Outperform	361.68M	10.15	―	7.46%	17.85%	―
DXI	67 Neutral	929.60M	11.04	4.96%	5.60%	-8.67%	―
GOZ	59 Neutral	1.93B	-15.50	-5.34%	7.93%	-0.33%	58.26%
ABG	57 Neutral	1.10B	41.03	1.72%	6.88%	4.69%	―
CMW	56 Neutral	AU$1.23B	―	-9.33%	6.38%	-5.64%	89.16%
COF	49 Neutral	725.76M	-36.71	-1.99%	8.28%	-4.50%	88.28%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Cromwell Property Group Corporate Events

Cromwell Property Group Announces Portfolio Valuation Increase

Cromwell Property Group announced that its Australian Investment Portfolio has been independently revalued, showing an increase of $3.5 million, or 0.17%, from the previous valuation to $2,015 million as of 30 June 2025. The CEO, Jonathan Callaghan, stated that the stabilization of valuations positions Cromwell to capitalize on improving market conditions, with a focus on deploying the group’s refreshed balance sheet into value-accretive growth initiatives.

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 to Announce FY25 Results

Cromwell Property Group announced it will release its full-year financial results for the period ending June 30, 2025, on August 28, 2025. The company will host an online briefing for investors, led by CEO Jonathan Callaghan, to discuss the FY25 results. This announcement underscores Cromwell’s commitment to transparency and stakeholder engagement, potentially impacting investor confidence and market positioning.

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 Exits Chatswood Joint Venture with $87 Million Sale

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 and Brookfield Entities Acquire Significant Stake in Cromwell Property Group

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 to Acquire Remaining ESR Stake in Cromwell

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 Confirms Details of $201 Million Barton Development

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 Announces Major ACT Development and Debt Refinancing

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 Announces New Dividend Distribution

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 Exits Substantial Shareholding in Cromwell Property Group

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 Sees Shift in Substantial Holder Interests

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 Underwrites Major Sale in Cromwell Property Group

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 Reduces Stake in Cromwell Property Group

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.