Cromwell Property Group (ASX: CMW) Share Price and News
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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.
Cromwell Property Group (ASX: CMW) Latest News
Chris Chitty | June 24, 2020 8:13am
The Cromwell share price jumped on Tuesday following the announcement of a proposed proportional takeover by ARA asset management. More »
Tristan Harrison | April 11, 2020 9:25am
Bear markets could be the best time to build a strong passive income stream with shares like Macquarie Group Ltd (ASX:MQG). More »
Phil Harpur | February 27, 2020 2:05pm
The Cromwell Group (ASX: CMW) share price has is edging lower today after ASX REIT released its half-year FY20 results. More »
Ken Hall | July 31, 2019 11:16am
The Cromwell Property Group (ASX: CMW) share price is on watch this morning after the company announced its share purchase plan (SPP) was oversubscribed. More »
Ken Hall | July 2, 2019 5:04am
The Cromwell Property Group Ltd (ASX: CMW) share price is on watch this morning after the Aussie property manager announced the sale of its... More »
Tristan Harrison | June 30, 2019 2:00pm
Here are 4 investment stories you may have missed from the ASX200 (ASX:XJO) this week. More »
Ken Hall | June 28, 2019 9:31am
Why did some of the biggest A-REITs including Cromwell Property Group Ltd (ASX: CMW) and Vicinity Centres Re Ltd (ASX: VCX) see their share... More »
Tristan Harrison | June 27, 2019 4:45pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished higher on Thursday. More »
James Mickleboro | June 27, 2019 1:09pm
The BrainChip Holdings Ltd (ASX:BRN) share price and the Orocobre Limited (ASX:ORE) share price are two of four dropping lower on Thursday. Here's why... More »
James Mickleboro | June 27, 2019 12:13pm
Bravura Solutions Ltd (ASX:BVS), Commonwealth Bank of Australia (ASX:CBA), and Nearmap Ltd (ASX:NEA) shares have been making waves on the ASX 200 on Thursday... More »
Tristan Harrison | April 24, 2019 5:00pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished higher on Wednesday. More »
Will Cromwell Property Group pay a dividend in 2020?
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.
Does Cromwell Property Group offer a DRP?
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.