Cromwell European Real Estate Investment Trust logo

CNNU - Cromwell European Real Estate Investment Trust News Story

€0.435 -0.0  -1.1%

Last Trade - 07/08/20

Sector
Financials
Size
Mid Cap
Market Cap £1.00bn
Enterprise Value £1.68bn
Revenue £159.9m
Position in Universe 752nd / 5983

BRIEF-Cromwell European Real Estate Investment Trust Expects Improvement In Tenant-Customer Retention Rate in 2020

April 8 (Reuters) - Cromwell European Real Estate Investment
Trust  CROM.SI :
    * CROMWELL EUROPEAN REAL ESTATE INVESTMENT TRUST - IN 2020,
EXPECTS IMPROVEMENT IN TENANT-CUSTOMER RETENTION RATE WHICH WAS
ABOUT 60% IN 2019
    * CROMWELL EUROPEAN REAL ESTATE INVESTMENT TRUST -
TENANT-CUSTOMERS WHO ARE SMES MORE LIKELY TO BE NEGATIVELY
IMPACTED BY COVID-19 LOCKDOWNS
    * CROMWELL EUROPEAN REIT-PARKING INCOME AT CENTRAL PLAZA
WILL
LIKELY BE IMPACTED TO A CERTAIN DEGREE FROM CLOSURE OF HOLLAND
CASINO
    * CROMWELL EUROPEAN REIT- TOTAL TRANSACTION VOLUMES FOR 2Q
AND 3Q
2020 ARE EXPECTED TO SEE SIGNIFICANT FALLS, WITH AN ANTICIPATED
UP- TICK IN 4Q
    * CROMWELL EUROPEAN REAL ESTATE INVESTMENT TRUST - EUROPEAN
VOLUMES ARE EXPECTED TO FALL DRAMATICALLY IN FULL-YEAR FIGURES
    * CROMWELL EUROPEAN REIT- CURRENTLY IN TALKS WITH
TENANT-CUSTOMERS
WHO MAKE UP ABOUT 10% OF OUR RENT TO DEFER RATHER THAN TO WAIVE
RENTALS
    * CROMWELL EUROPEAN REIT- IN FY 2020, WE WILL ONLY HAVE
11.6% OF
RENTAL INCOME WITH LEASE TERMINATIONS AND A FURTHER 2.9% WITH
OPTIONS TO BREAK
    * CROMWELL EUROPEAN REAL ESTATE INVESTMENT TRUST - IN SHORT
TERM,
VALUATIONS ARE LIKELY TO BE MAINTAINED

Source text for Eikon:  ID:nSN3CtZhb 
Further company coverage:  CROM.SI 

 ((Reuters.Briefs@thomsonreuters.com;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.