Cromwell Property Group

Cromwell Property Group Earnings Recaps

CMW.AX Real Estate 1 recap
Next earnings: February 24, 2027 (estimated) · full calendar
Q4 2026 Aug 31, 2026

Shares declined 2.5% following earnings, reflecting investor concerns about EBIT softness in the investment portfolio due to a temporary vacancy, which weighed on the overall financial performance despite stable FFO growth and solid capital management.

Key takeaways
  • Funds from operations (FFO) increased 5% to AUD 110.3 million, supported by 11.4% growth in funds under management to AUD 4.7 billion.
  • Investment portfolio EBIT dipped slightly, primarily due to a temporary vacancy at 400 George Street, Brisbane, which impacted earnings but is now leased from July 2026.
  • Occupancy remained healthy at 95.6% with no major vacancies expected until FY 2028, supporting portfolio income stability.
  • Gearing remained conservative at 31.6% with strong liquidity of AUD 370.8 million, enabling disciplined capital deployment.
  • Portfolio valuations rose 4.7%, achieving a third consecutive increase, aided by asset quality and proactive management initiatives.