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Last A$1.09 AUD
Change Today -0.0025 / -0.23%
Volume 1.5M
CMW On Other Exchanges
Symbol
Exchange
OTC US
As of 1:11 AM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

cromwell property group (CMW) Snapshot

Open
A$1.09
Previous Close
A$1.09
Day High
A$1.09
Day Low
A$1.09
52 Week High
02/18/15 - A$1.20
52 Week Low
10/13/14 - A$0.94
Market Cap
1.9B
Average Volume 10 Days
3.7M
EPS TTM
A$0.11
Shares Outstanding
1.7B
EX-Date
03/27/15
P/E TM
10.4x
Dividend
A$0.08
Dividend Yield
7.18%
Current Stock Chart for CROMWELL PROPERTY GROUP (CMW)

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cromwell property group (CMW) Details

Cromwell Group is a real estate investment firm specializing in direct and fund of funds investments. For direct investments, It focuses on property investment, development, and management operations, as well as in the promotion and management of property related managed investment schemes in Australia. For fund of funds investments, the fund seeks to invest in its four existing property trusts which hold - or are contracted to acquire - six properties in Queensland, Victoria and South Australia. It also provides funds management and capital raising services for the investment in properties. The firm also holds a corporate real estate license and manages the property portfolio. Cromwell Property Group was founded in 1970 and is based in Brisbane, Australia.

Founded in 1970

cromwell property group (CMW) Top Compensated Officers

Chief Executive Officer, Managing Director, E...
Total Annual Compensation: A$1.1M
Group Treasurer
Total Annual Compensation: A$494.6K
Director of Funds Management
Total Annual Compensation: A$411.3K
Director of Projects & Technical Solutions
Total Annual Compensation: A$320.6K
National Leasing Manager
Total Annual Compensation: A$392.0K
Compensation as of Fiscal Year 2014.

cromwell property group (CMW) Key Developments

AVJennings And PAG Are Potential Buyers For Investa's Residential Land Business

AVJennings Limited (ASX:AVJ) and PAG residential land business have been short-listed to buy Investa Property Group's residential land business for the $9 billion platform, according to sources. The final five short-listed parties bidding more than $2bn for the office towers on Investa’s balance sheet are preparing to consider more detailed information about the business. Final bidders are Cromwell Property Group (ASX:CMW) advised by Bank of America Merrill Lynch, Dexus Property Group (ASX:DXS) advised by Deutsche Bank and Goldman Sachs, The Blackstone Group L.P. (NYSE:BX) and Brookfield Asset Management Inc. (TSX:BAM.A) which are both self-advised and LaSalle Investment Management Inc.

Bidders Offer Premium For Investa Offices

The five to six final bidders in the advanced stage of the contest to buy Morgan Stanley Real Estate Investing's $8.9 billion Investa Property Group platform are believed to have lobbed bids valuing the offices on the group's balance sheet at a premium of up to 33% to their book value, as foreshadowed by The Australian online on May 6, 2015 night. Among the parties to have made the final cut are Cromwell Property Group (ASX:CMW), which is advised by Bank of America Merrill Lynch, Dexus Property Group (ASX:DXS), advised by Deutsche Bank AG (DB:DBK) and The Goldman Sachs Group, Inc. (NYSE:GS), and The Blackstone Group L.P. (NYSE:BX) and Brookfield Asset Management Inc. (TSX:BAM.A), which are both self-advised. A sixth contender could also be in the frame in the UBS Group AG (SWX:UBSN) and Morgan Stanley (NYSE:MS)-run process. It is understood that offers for the assets on Investa's balance sheet, which include prestigious office skyscrapers such as Sydney's Deutsche Bank Place, are between $2.1 billion and $2.4 billion. Dexus may be partnering with the Abu Dhabi Investment Authority, one source said.

Cromwell Property Group, Cromwell Diversified Property Trust, Special/Extraordinary Shareholders Meeting, Apr 29, 2015

Cromwell Property Group, Cromwell Diversified Property Trust, Special/Extraordinary Shareholders Meeting, Apr 29, 2015., at 10:30 E. Australia Standard Time. Location: Level 19, 200 Mary Street. Agenda: To consider the issue of convertible bonds for the purpose of ASX Listing Rule 7.4.

 

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CMW:AU A$1.09 AUD -0.0025

CMW Competitors

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Company Last Change
Abacus Property Group A$2.89 AUD +0.015
Charter Hall Retail REIT A$4.48 AUD +0.05
Federation Centres A$3.02 AUD -0.015
GPT Group/The A$4.64 AUD +0.075
Shopping Centres Australasia Property Group A$2.15 AUD +0.005
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Industry Analysis

CMW

Industry Average

Valuation CMW Industry Range
Price/Earnings 9.8x
Price/Sales 6.5x
Price/Book 26.7x
Price/Cash Flow 9.8x
TEV/Sales NM Not Meaningful
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