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

Stoneweg Europe Stapled Trust

08/04/2020 02:08

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 

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