Cromwell Property Group (CMW) AI Stock Analysis

• Market Cap: AU$1.11B
• Dividend Yield: 6.12%
• Average Volume (3M): 5.62M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.63
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: AU$0.42 ▼(-12.92% Downside)

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

Strategic Industrial Acquisition

This acquisition aligns with Cromwell's strategy to expand its industrial growth and strengthen capital partnerships, enhancing market position and offering new opportunities for stakeholders.

Transformation Strategy

The divestment of non-core assets and exit from Europe reduces gearing, positioning Cromwell for sustainable growth and focusing on core markets, enhancing long-term value creation.

Cash Flow Management

Efficient cash generation relative to reported losses indicates strong cash flow management, supporting operational stability and potential for reinvestment in growth initiatives.

Negative Factors

Negative Revenue Growth

Negative revenue growth suggests challenges in maintaining market competitiveness and could impact long-term profitability and strategic investment capacity.

Profitability Issues

Ongoing profitability issues, reflected in negative net profit margins, highlight operational inefficiencies and could hinder long-term financial health and shareholder returns.

Negative Return on Equity

Negative ROE indicates challenges in value creation for shareholders, affecting investor confidence and potentially limiting access to capital for future 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	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	365.60M	384.50M
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: Negative
• Last Price: 0.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 0.45, above the 50-day MA of 0.46, and above the 200-day MA of 0.42, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 29.47 is Positive, neither overbought nor oversold. The STOCH value of 2.31 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$812.21M	9.65	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$331.99M	9.32	5.37%	7.69%	17.85%	―
ABG	57 Neutral	AU$1.04B	38.54	1.70%	7.11%	4.69%	―
CMW	54 Neutral	AU$1.11B	-18.75	-9.33%	6.12%	-5.64%	89.16%
GOZ	53 Neutral	AU$1.76B	-13.86	-5.04%	8.12%	-0.33%	58.26%
COF	53 Neutral	AU$645.12M	-32.18	-1.91%	8.63%	-4.50%	88.28%

Cromwell Property Group Corporate Events

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.

Cromwell Property Group Issues New Performance Rights

Cromwell Property Group has announced the issuance of 4,816,564 unquoted performance rights under its employee incentive scheme, set to expire on various dates. This move is part of the company’s strategy to align employee interests with corporate performance, potentially impacting its operational efficiency and market positioning.

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.

Cromwell Property Group Announces Successful AGM Outcomes

Cromwell Property Group announced the results of its 2025 Annual General Meeting, where all resolutions, including the re-election of directors and the adoption of the remuneration report, were carried by poll. This outcome reinforces the company’s stable governance and strategic direction, which may positively impact its operations and stakeholder confidence.

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.

Cromwell Property Group Advances Transformation Strategy with Key Divestments and New Initiatives

Cromwell Property Group announced significant progress in its transformation strategy during the 2025 financial year, including the divestment of $1.6 billion in non-core assets and a complete exit from its European platform. These actions have reduced group gearing and positioned the company for sustainable growth. The company also welcomed Brookfield as a new major shareholder, following the exit of ESR. Cromwell’s growth strategy focuses on core markets and sectors, with initiatives such as the office development in Barton, ACT, and the conditional acquisition of the Straits Industrial Portfolio, marking important steps in strengthening its investment management business.

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.

Cromwell Property Group Expands AUM with Strategic Industrial Acquisition

Cromwell Property Group has entered into agreements to acquire a 19.9% interest in Straits Real Estate’s Australian industrial portfolio for AUD 47.6 million, along with the purchase of Terre Property Partners for AUD 2.0 million. This acquisition adds approximately AUD 540 million to Cromwell’s assets under management, enhancing its platform capabilities and supporting its strategy to grow its investment management business. The transaction, executed in two phases, aligns with Cromwell’s strategy to reposition as a capital-light investment manager and strengthens its presence in the industrial and logistics sector, creating new opportunities for long-term value creation.

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.