Cromwell European REIT delivers resilient 3Q 2023 operational performance; 3Q 2023 indicative DPU up 3%

Key highlights:

  • Resilient portfolio occupancy at 95.2% with light industrial / logistics near full occupancy at 97.1% and office occupancy up 140 bps to 89.1% as at 30 September 2023
  • Strong +10.6% 3Q 2023 and +7.4% YTD 2023 rent reversion with WALE longer at 4.6 years
  • 37.4% proforma net gearing in October 2023, down 110 bps since 31 December 2022

For further details, please refer to the media release, presentation deck, and business update briefing video

Our investors are at the forefront of everything we do.

The Manager is committed to ensuring that CEREIT meets expectations of good corporate governance and sustainable business practices while seeking to achieve superior investor performance over the medium and long term.

The Board and the Manager are both proactive with respect to corporate governance and actively review developments to determine which corporate governance arrangements are appropriate for CEREIT and its investors.

The Code of Corporate Governance 2018 is adopted as the REIT's benchmark for corporate governance policies and practices.