Cromwell Property Group (ASX: CMW) Share Price and News

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Cromwell Property Group Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $2.15 billion
P/E Ratio 6.90
Dividend Yield 8.02%
Shares Outstanding 2.62 billion
Earnings per share 0.117
Dividend per share 0.07
Year To Date Return -6.90%
Earnings Yield 14.49%
Franking N/A
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as at 24 Feb 3:44pm

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Cromwell Property Group (ASX: CMW)
Latest News

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Frequently Asked Questions

Cromwell Property Group has paid quarterly distributions to its securityholders every year since 2007. All of these, with the exception of one, have been unfranked. The company typically pays interim distributions in late November, February, and May each year, with final distributions being paid in late August. For FY2020 to date, Cromwell Property has paid a total of 5.625 cents per unit in distributions. In a June business update, the company advised that, despite the uncertainty surrounding the impacts of COVID-19 on its business, Cromwell Property could confirm that its final distribution of 1.875 cents per unit will be paid.   

Yes. Cromwell Property offers securityholders residing in Australia and New Zealand the option of full or partial participation in its distribution reinvestment plan. As at June 2020, there is no minimum number of securities required to participate in the plan. The last interim distribution paid by the company on 22 May 2020 was not included in the DRP. Cromwell Property has further advised that, due to its security price being below its per unit NTA (net tangible assets), the company’s final distribution will also not be included in the DRP. Securities issued under the DRP may, at the discretion of the Board, be offered at a discount.

Dividend Payment History Data provided by Morningstar.

Data provided by Morningstar.
Ex-Date Amount Franking Type Payable
30 Dec 2021 $0.0163 0.00% Interim 18 Feb 2022
29 Sep 2021 $0.0163 0.00% Interim 19 Nov 2021
29 Jun 2021 $0.0163 0.00% Final 20 Aug 2021
30 Mar 2021 $0.0163 0.00% Interim 21 May 2021
30 Dec 2020 $0.0188 0.00% Interim 19 Feb 2021
29 Sep 2020 $0.0188 0.00% Interim 20 Nov 2020
29 Jun 2020 $0.0188 0.00% Final 21 Aug 2020
30 Mar 2020 $0.0188 0.00% Interim 22 May 2020
30 Dec 2019 $0.0188 0.00% Interim 21 Feb 2020
27 Sep 2019 $0.0188 0.00% Interim 22 Nov 2019
27 Jun 2019 $0.0181 0.00% Final 23 Aug 2019
28 Mar 2019 $0.0181 0.00% Interim 24 May 2019
28 Dec 2018 $0.0181 0.00% Interim 22 Feb 2019
27 Sep 2018 $0.0181 0.00% Interim 23 Nov 2018
28 Jun 2018 $0.0209 0.00% Final 24 Aug 2018
28 Mar 2018 $0.0209 0.00% Interim 25 May 2018
28 Dec 2017 $0.0209 0.00% Interim 23 Feb 2018
28 Sep 2017 $0.0209 0.00% Interim 17 Nov 2017
29 Jun 2017 $0.0208 0.00% Final 18 Aug 2017
29 Dec 2016 $0.0209 0.00% Interim 15 Feb 2017
29 Sep 2016 $0.0209 0.00% Interim 16 Nov 2016
29 Jun 2016 $0.0211 0.00% Final 18 Aug 2016
30 Mar 2016 $0.0211 0.00% Interim 11 May 2016
29 Dec 2015 $0.0199 0.00% Interim 10 Feb 2016
28 Sep 2015 $0.0199 0.00% 11 Nov 2015
26 Jun 2015 $0.0199 0.00% 13 Aug 2015
27 Mar 2015 $0.0199 0.00% 13 May 2015
29 Dec 2014 $0.0194 0.00% Interim 11 Feb 2015
26 Sep 2014 $0.0194 0.00% 12 Nov 2014
26 Jun 2014 $0.0194 0.00% Final 14 Aug 2014
25 Mar 2014 $0.0194 0.00% Interim 14 May 2014
23 Dec 2013 $0.0188 0.00% Interim 12 Feb 2014
24 Sep 2013 $0.0188 0.00% Interim 13 Nov 2013
24 Jun 2013 $0.0181 0.00% Final 15 Aug 2013
22 Mar 2013 $0.0181 0.00% Interim 15 May 2013
21 Dec 2012 $0.0181 0.00% Interim 13 Feb 2013
28 Sep 2012 $0.0181 0.00% Interim 14 Nov 2012
25 Jun 2012 $0.0175 0.00% Final 16 Aug 2012
26 Mar 2012 $0.0175 0.00% Interim 16 May 2012
22 Dec 2011 $0.0175 0.00% Interim 15 Feb 2012
27 Sep 2011 $0.0175 0.00% Interim 16 Nov 2011
24 Jun 2011 $0.0175 0.00% Final 19 Aug 2011
25 Mar 2011 $0.0175 0.00% Interim 18 May 2011
23 Dec 2010 $0.0175 0.00% Interim 16 Feb 2011
08 Oct 2010 $0.0175 0.00% Interim 17 Nov 2010
25 Mar 2008 $0.0025 0.00% Interim 15 May 2008

CMW ASX Announcements

An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
YesNo

About Cromwell Property Group

Cromwell Property Group (CMW) is a real estate investor and manager with a global investor base across Australia, New Zealand and Europe. Cromwell’s operations fall into 3 main divisions: direct property investment, indirect property investment and funds and asset management.

Direct property investment, which is the biggest contributor to Cromwell’s revenue and profit, sees the company own Australian commercial property primarily in the office sector. It then leases these properties out to major tenants which include government departments and Qantas Airways Limited (ASX: QAN).

Indirect property investment is represented by the company’s stake in the Cromwell European REIT, a real estate investment trust with a diversified portfolio that owns properties across major gateway cities, such as in Germany, Denmark and France. Cromwell also has a funds management arm in which the company operates on both the wholesale and retail side.

Cromwell shares predominantly provide investors with exposure to the Australian and European commercial property markets. With this comes a stream of income in the form of quarterly distributions.

CMW Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
27 Jan 2022 $0.81 $0.01 1.24% 5,650,168 $0.81 $0.82 $0.80
25 Jan 2022 $0.81 $-0.02 -2.41% 6,163,374 $0.83 $0.83 $0.80
24 Jan 2022 $0.83 $0.01 1.22% 3,137,547 $0.82 $0.83 $0.82
21 Jan 2022 $0.82 $-0.02 -2.38% 4,496,694 $0.84 $0.85 $0.82
20 Jan 2022 $0.84 $-0.02 -2.34% 3,344,012 $0.85 $0.85 $0.84
19 Jan 2022 $0.86 $-0.01 -1.16% 2,116,907 $0.86 $0.87 $0.86
18 Jan 2022 $0.87 $0.01 1.16% 1,444,297 $0.86 $0.87 $0.86
17 Jan 2022 $0.86 $0.00 0.00% 1,245,039 $0.86 $0.87 $0.86
14 Jan 2022 $0.86 $-0.01 -1.16% 2,055,888 $0.86 $0.87 $0.86
13 Jan 2022 $0.87 $0.00 0.00% 1,870,891 $0.86 $0.87 $0.86
12 Jan 2022 $0.87 $0.01 1.16% 2,945,941 $0.87 $0.87 $0.86
11 Jan 2022 $0.86 $-0.01 -1.16% 2,402,852 $0.87 $0.87 $0.86
10 Jan 2022 $0.87 $-0.01 -1.14% 1,148,858 $0.87 $0.88 $0.86
07 Jan 2022 $0.88 $0.02 2.34% 1,487,647 $0.87 $0.88 $0.87
06 Jan 2022 $0.86 $-0.03 -3.41% 3,119,822 $0.88 $0.88 $0.86
05 Jan 2022 $0.88 $-0.01 -1.13% 1,931,946 $0.88 $0.89 $0.88
04 Jan 2022 $0.89 $0.02 2.30% 2,670,004 $0.88 $0.89 $0.87
31 Dec 2021 $0.87 $-0.01 -1.14% 1,481,439 $0.87 $0.88 $0.87
30 Dec 2021 $0.88 $-0.02 -2.23% 2,955,156 $0.89 $0.89 $0.87

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
11 Nov 2021 Jonathan Callaghan Issued 706 $589,980
Issue of securities. 706,563 - performance rights
23 Mar 2021 Gary Weiss Buy 100 $83,530
On-market trade.

Directors & Management Data provided by Morningstar.

Data provided by Morningstar.
Name Title Start Date Profile
Dr Gary Hilton Weiss Non-Executive DirectorNon-Executive Chairman Sep 2020
Dr Weiss has been involved in managing businesses with operations in many regions including Asia Pacific, Europe, China, India and the US and is familiar with investments across a range of industries and sectors, including real estate. Dr Weiss has board and board committee experience at both listed and non-listed entities. His listed entity experience includes current roles as the Chair of Estia Health Limited and Ardent Leisure Group Limited, Executive Director of Ariadne Australia Limited and Non-executive Director of Thorney Opportunities Ltd. Among his other former roles, Dr Weiss served as a Non-executive Director of The Straits Trading Company Limited and as a Non-executive Director of Westfield Group. Dr Weiss is a Commissioner of the Australian Rugby League Commission. He is a member of the Risk and Investment committee.
Mr Joseph Israel Gersh Non-Executive Director Sep 2020
Mr Gersh was formerly the inaugural Chairman of the Australian Reinsurance Pool Corporation, foundation Director of the Reserve Bank of Australia's Payments System Board and Director of the Federal Airports Corporation. Mr Gersh is a former senior partner and Chairman of the Management Committee of law firm, Arnold Bloch Leibler. One of his principal areas of experience is major property development and, in particular, the construction of hotels, shopping centres, land subdivisions, apartments and office towers. Mr Gersh previously served as Deputy Chairman of the Australia Council for the Arts, as Chairman of Artbank (which is part of the Australian Government Office for the Arts) and as Chairman of the National Institute of Circus Arts. He is a member of the Risk and Investment committee.
Mr Robert Stuart Blain Non-Executive Director Mar 2021
Mr Blain has more than 40 years of real estate experience, including in property and asset management, strategic development, cross border activity and capital markets in Australia and across Asia. After pursuing rural infrastructure interests, Mr Blain commenced his corporate career in Sydney in the late 1970s, obtaining a real estate licence and working for several years with LJ Hooker. He joined the Colliers Jardine Group as Sales Director before being appointed as Regional Service Director, Capital Markets APAC. From 1995 to 1998, Mr Blain held the position of Regional Investment Director based in Singapore and, in 1999, was appointed Australia Director. Mr Blain's last role at the Colliers Jardine Group was as Chief Executive, New South Wales. In 2002, Mr Blain joined CBRE as Managing Director, CBRE Hong Kong and China, based in Hong Kong. In 2003, he was appointed Chief Executive Officer, CBRE Asia and, in 2005, became Chair and Chief Executive Officer, CBRE Asia-Pacific. Mr Blain was responsible for CBRE's activities across the Asia-Pacific region and was a member of the Global Operating Committee, based in the US, driving CBRE's global business strategy. In 2014, Mr Blain transitioned to the role of Executive Chair, CBRE Asia-Pacific and focussed on CBRE's clients and building strong relationships across the region. In 2019, Mr Blain retired from his Executive Chair and Global Operating Committee roles at CBRE and returned to Australia. He is Chair of the Investment committee.
Ms Tanya Lee Cox Non-Executive Director Oct 2019
Ms Cox has over 15 years of board experience and executive experience in sustainability, property, finance and funds management. Ms Cox began her career at the Bank of New Zealand and over an 11 year period succeeded to the role of General Manager of Finance, Operations and IT. Ms Cox led similar functions at the managed fund custodian Ausmaq Limited, before joining Rothschild & Co Australia Limited as Director and Chief Operating Officer for the Australian operations. During her tenure at Rothschild & Co Australia Limited, Ms Cox was a member of several Executive Committees, including Chair of the Risk Committee and a member of the Investment Committee. In 2003, Ms Cox joined Dexus as Chief Operating Officer and Company Secretary, with her responsibilities expanding in 2012 to include the role of Executive General Manager - Property Services. During her tenure at Dexus, Ms Cox was a member of the Executive Committee and the Investment Committee, and her responsibilities included oversight of all operational aspects of the business including corporate responsibility and sustainability, marketing and communications, information technology, operational risk management, corporate governance and company secretarial practices. Since retiring from her executive career in 2014, Ms Cox has gained board experience at listed companies through former Non-executive Director roles at BuildingIQ, Inc and at OtherLevels Holdings Ltd (delisted 10 August 2020). Ms Cox is Chair of Equiem Holdings Pty Ltd, Chair of the World Green Building Council, Former Chair and current Director of the Green Building Council of Australia. She is a member of the Risk committee.
Mr Jonathan Callaghan Chief Executive OfficerManaging Director Oct 2021
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Ms Lisa Scenna Non-Executive Director Oct 2019
Ms Scenna has over 25 years of executive experience in property and asset management and funds/investment management in both the United Kingdom and Australia. Ms Scenna joined Westfield Group in 1994 and progressed to the role of Head of Investor Relations. Ms Scenna moved to Stockland Group as General Manager - Finance and Business Development and rose through the group to the role of UK Joint Managing Director in 2007. In this role, Ms Scenna was responsible for establishing Stockland Group in the UK, had full responsibility for the regional operations and was involved in a number of acquisitions and integrations. In 2009, Ms Scenna left Stockland Group to stay in the UK and accepted the role of Group Head of Explore at Laing O'Rourke, the country's largest privately-owned construction solutions provider. For just under three years, Ms Scenna led the Explore Investments and Explore Living businesses across Europe, Canada, the Middle East and Australasia. In this role, Ms Scenna led the infrastructure investing activities globally and worked with clients and investors to build Laing O'Rourke's direct infrastructure portfolio held in co-ownership with a number of institutional investors across the UK, Australia and Canada. In 2013, Ms Scenna joined UK construction and regeneration company, Morgan Sindall Group plc, as the Managing Director of their Investments business. During her tenure, Ms Scenna was a Director of the Morgan Sindall Investments Board. Through her executive experience in the UK, Ms Scenna has developed strong connections with local authorities, developers and investors and has a deep understanding of the drivers for competitors. Ms Scenna is a Non-executive Director of Polypipe Group plc and, effective 1 September 2020, a Non-executive Director and Member of the Remuneration Committee of Harworth Group plc. Polypipe Group plc and Harworth Group plc are listed on the London Stock Exchange. She is a member of the Risk and Investment committee.
Mr Eng Peng Ooi Non-Executive DirectorNon-Executive Deputy ChairmanSenior Independent Director Mar 2021
Mr Ooi has board and board committee experience at both listed and non-listed entities across Asia Pacific. He has served as a Non-executive Director of ESR Funds Management (S) Limited, the manager of SGX-listed ESR-REIT, since 2012 and the Chair since 2017. Mr Ooi spent 30 years in a variety of senior roles with Lendlease and has more than 35 years of real estate experience, including in property investment, development, project management, fund investment and management and capital partnerships in Australia and across Asia. He is Chair of the Risk committee and a member of the Investment committee.
Ms Jialei Tang Non-Executive Director Jul 2021
Ms Tang has investment, executive and board experience in a range of industries including finance, real estate, hospitality, pharmaceuticals and technology, as well as across many geographies and jurisdictions including Singapore, the United States and China. In the real estate sector, Ms Tang is involved in the evaluation, acquisition and planning of sea port terminal real estate, the development of the new UBS Singapore headquarters and the 1468-unit Parc Clematis residential complex in Singapore. Since 2019, Ms Tang has been the chief executive officer of Silver City Properties, LLC, a residential property investment and management company in the United States which owns and manages properties in New York. In the same year, Ms Tang took on the role as director at Ariva Hospitality Pte. Ltd., a hospitality management company, directing its rebranding and operations with a focus on sustainability while overseeing its expansion plans into the fund space. Ms Tang joined the board of TauRx Pharmaceuticals Ltd in 2019, whose drug for therapeutic treatment of Alzheimer's Disease is in its phase III trials and will seek FDA, EMA and NMPA approval upon successful results. She also handles the communication and strategic planning for the family office's philanthropy including support for education, the Olympic movement, refugee relief and healthcare. Ms Tang is undertaking studies through, the Australian Institute of Company Directors. She will be pursuing a Master in Urban Planning at Harvard University in September 2021 (with graduation due in 2023).
Ms Lucy Laakso Corporate CounselCompany Secretary Aug 2015
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Brett Hinton Chief Financial Officer
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Jodie Clark Chief Operations Officer
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Robert Percy Chief Investment Officer
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Lucy Laakso Corporate CounselCompany Secretary
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Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
Citicorp Nominees Pty Limited 442,261,965 16.90%
Ara Real Estate Investors Xxi Pte Ltd 329,520,331 12.59%
HSBC Custody Nominees (Australia) Limited 297,252,464 11.36%
Ara Real Estate Investors Xxi Pte Ltd (i) 287,872,078 11.00%
J P Morgan Nominees Australia Pty Limited 233,669,500 8.93%
Ara Real Estate Investors 28 Limited 186,294,797 7.12%
National Nominees Limited 54,791,910 2.09%
BNP Paribas Nominees Pty Ltd <Agency Lending DRP A/C> 46,825,324 1.79%
BNP Paribas Nominees Pty Ltd Acf Clearstream 31,199,537 1.19%
BNP Paribas Noms Pty Ltd <DRP> 27,516,456 1.05%
Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 18,214,006 0.70%
BNP Paribas Nominees Pty Ltd Six Sis Ltd <DRP A/C> 11,545,777 0.44%
Humgoda Investments Pty Ltd 8,328,943 0.32%
Panmax Pty Ltd <Panmax Pty Ltd S/Fund A/C> 6,827,001 0.26%
Cs Third Nominees Pty Limited <Hsbc Cust Nom Au Ltd 13 A/C> 5,624,716 0.21%
One Managed Investment Funds Ltd <Charter Hall Maxim Property 5,250,000 0.20%
Wallace Smsf Pty Ltd <Pj & Bm Wallace Ps/F A/C> 4,911,779 0.19%
BNP Paribas Noms(Nz) Ltd <Drp> 3,862,376 0.15%
Nushapemall Com Pty Ltd <Michael Benjamin S/F A/C> 3,847,464 0.15%
Cabet Pty Ltd 3,723,627 0.14%

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