Stoneweg European Real Estate Investment Trust (SET) AI Stock Analysis

• Market Cap: €849.33M
• Dividend Yield: 8.85%
• Average Volume (3M): 498.84K
• Price to Earnings (P/E): 16.0
• Beta (1Y): 0.31
• Revenue Growth: -3.91%
• EPS Growth: N/A
• Country: SG
• Employees: 200
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.09
• Shares Outstanding: 558,770,700
• 10 Day Avg. Volume: 766,530
• 30 Day Avg. Volume: 498,840
• PEG Ratio: 0.04
• Price to Book (P/B): 0.74
• Price to Sales (P/S): 4.17
• P/FCF Ratio: 32.74
• 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: €1.50
• Price Target Upside: -1.32% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: €1.50 ▼(-1.32% Downside)

Cromwell European REIT's overall score reflects a balance of mixed financial performance and attractive valuation. While profitability and leverage pose challenges, the high dividend yield and reasonable P/E ratio are significant positives. Technical indicators suggest a neutral market sentiment.

Stoneweg European Real Estate Investment Trust Business Overview & Revenue Model

Company Description

Stoneweg European REIT is a real estate investment trust ("REIT") with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate assets in Europe that are used primarily for office, light industrial / logistics and retail purposes. Stoneweg European REIT's portfolio comprises 95 properties with an appraised value of approximately €2,082 million as at the date of this announcement in or close to major gateway cities in the Netherlands, Italy, France, Poland, Germany, Finland and Denmark, with a balanced focus on the office and light industrial / logistics sectors. CEREIT's portfolio has an aggregate lettable area of approximately 1.4 million square metres, around 800 tenant-customers and a WALE3 profile of approximately 5.0 years as at 30 September 2020. CEREIT is the first REIT with a diversified pan-European portfolio listed on the Singapore Exchange Limited.

How the Company Makes Money

Stoneweg European Real Estate Investment Trust generates revenue primarily through rental income from its property portfolio. This includes leasing residential units, office spaces, and retail properties to tenants, which provides a steady stream of cash flow. Additionally, the company may engage in property development and redevelopment projects, generating profits from the sale of newly constructed or upgraded properties. Key revenue streams also include management fees from overseeing the operations of its properties and potential capital gains from the appreciation of its real estate assets. Strategic partnerships with local real estate firms and investment groups enhance SET's market reach and investment opportunities, further contributing to its overall earnings.

Stoneweg European Real Estate Investment Trust Financial Statement Overview

Summary

Cromwell European REIT shows mixed financial health, with stable revenue but challenges in profitability and leverage. Improvements in free cash flow are positive, but negative net income and declining equity raise concerns about sustainable growth and financial stability.

Income Statement

The revenue remained stable at $216.49M from 2023 to 2024, but net income turned negative at -$73.90M, indicating profitability concerns. Gross profit margin decreased slightly, reflecting pressure on operational efficiencies. The absence of EBIT and negative EBITDA in 2024 highlight ongoing operational challenges.

Balance Sheet

The debt-to-equity ratio slightly increased, showing moderate leverage at 0.79. The equity ratio declined due to reduced assets and equity, indicating growing reliance on debt. Return on equity is negative, reflecting net losses, which is a concern for investor returns.

Cash Flow

Operating cash flow decreased to $70.74M, but free cash flow improved to $27.14M, suggesting better capital expenditure management. The free cash flow to net income ratio is positive, indicating some cash generation despite net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	213.20M	212.92M	212.92M	222.10M	200.12M	186.97M
Gross Profit	126.49M	125.44M	119.47M	130.42M	124.47M	117.33M
EBITDA	0.00	-23.33M	93.95M	123.24M	118.76M	109.28M
Net Income	34.69M	-73.90M	35.48M	41.95M	96.60M	79.36M
Balance Sheet
Total Assets	2.34B	2.32B	2.37B	2.59B	2.53B	2.25B
Cash, Cash Equivalents and Short-Term Investments	47.36M	38.54M	73.80M	35.43M	59.26M	43.59M
Total Debt	1.08B	948.68M	947.60M	1.01B	922.73M	847.07M
Total Liabilities	1.16B	1.12B	1.11B	1.17B	1.06B	948.30M
Stockholders Equity	1.18B	1.21B	1.26B	1.42B	1.48B	1.30B
Cash Flow
Free Cash Flow	69.58M	27.14M	6.08M	53.46M	74.23M	67.61M
Operating Cash Flow	69.58M	70.74M	89.13M	92.35M	96.87M	88.58M
Investing Cash Flow	-18.25M	-18.25M	111.59M	-106.34M	-232.66M	-46.26M
Financing Cash Flow	-86.58M	-87.75M	-160.03M	-9.83M	151.46M	-77.98M

Stoneweg European Real Estate Investment Trust Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.52
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:SET, the sentiment is Positive. The current price of 1.52 is above the 20-day moving average (MA) of 1.51, below the 50-day MA of 1.53, and above the 200-day MA of 1.46, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.61 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:SET.

Stoneweg European Real Estate Investment Trust Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
P40U	79 Outperform	$1.33B	12.08	6.62%	6.35%	0.70%	71.84%
JYEU	73 Outperform	S$1.58B	29.26	2.88%	5.66%	-6.64%	-12.15%
SET	66 Neutral	€849.33M	16.03	4.58%	8.85%	-3.91%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
Q5T	65 Neutral	S$1.23B	34.09	1.92%	6.43%	-3.65%	-69.86%
AU8U	63 Neutral	S$1.37B	1,316.67	0.04%	6.49%	-8.59%	-93.48%
ACV	62 Neutral	―	―	―	―	7.02%	-79.65%

Stoneweg European Real Estate Investment Trust Corporate Events

Stoneweg European REIT Secures Long-Term Lease Renewal with NN Group

Stoneweg European REIT has signed a 20-year lease renewal with its largest tenant, NN Group NV, for the Haagse Poort property in The Hague, Netherlands. This agreement includes plans for significant asset enhancements, such as additional workspace and green spaces, aligning with NN Group’s sustainability goals. The partnership aims to transform Haagse Poort into a prime, energy-efficient office asset, reinforcing the trust’s commitment to high-quality property management and sustainability.

Stoneweg EREIT Secures Major Lease Renewals in Europe

Stoneweg European Real Estate Investment Trust (SERT) has successfully renewed nearly 27,000 square meters of office leases in the Netherlands and Poland, maintaining near full occupancy and extending the Weighted Average Lease Expiry (WALE) of its office portfolio to 5.3 years. This strategic move strengthens SERT’s portfolio and reinforces its presence in key European office locations, highlighting its commitment to tenant satisfaction and market adaptability.

Stoneweg European REIT to Host 1Q 2025 Business Update Briefing

Stoneweg European Real Estate Investment Trust has announced an online briefing for its financial and operational updates for the first quarter of 2025, scheduled for April 29, 2025. This briefing will provide investors and media with insights into the trust’s performance and strategic direction, potentially impacting its market positioning and stakeholder interests.

Stoneweg European REIT to Convert into Stapled Trust

Stoneweg EREIT Management Pte. Ltd. announced the proposed conversion of Stoneweg European REIT into a stapled trust, comprising both a real estate investment trust and a business trust. This strategic move is expected to enhance the operational structure by combining the REIT and business trust into the Stoneweg European Stapled Trust, potentially offering improved management and distribution benefits to stakeholders.

Stoneweg European REIT to Announce FY 2024 Financial Results

Stoneweg European Real Estate Investment Trust (SERT) announced the release of its financial results for the fiscal year ending 31 December 2024, scheduled for 27 February 2025. An online briefing will be held for investors and media to discuss the financial and operational updates, reflecting the company’s commitment to transparency and stakeholder engagement.