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Cromwell European REIT: Delivers Outstanding Performance Despite Pandemic.

23 Feb 2021 10:39

2H 2020 distribution per unit of EUR1.744 cents, only 1.3% lower than 2H 2019 on a like-for-like basis and 6.8% above 1H 2020, excluding capital distribution. FY 2020 DPU of EUR3.484 cents, only 3.0% lower compared to FY 2019 DPU on a like-for-like basis. EUR88.6 million cash flow from operating activities, 1.3% higher than FY 2019 and in line with FY 2020 distributable income; close to 100% cash collection rate for FY 2020. 95.1% portfolio occupancy rate, 7.4 percentage points above IPO Portfolio with +2.1% positive rental reversion and weighted average lease expiry profile maintained at 4.9 years. EUR2.2 billion portfolio valuation, 2.2% increase in valuation in 2H 2020 as at 31 December 2020, leading to a net asset value of EUR50.9 cents per unit and aggregate leverage of 38.1%...

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Source: ShareInvestor Express