Brief: Cromwell European REIT Updates On Business In Europe Amidst Russia's Invasion Of Ukraine

Stoneweg Europe Stapled Trust

14/03/2022 01:31

March 14 (Reuters) - Cromwell European Real Estate
Investment Trust  CROM.SI :
    * UPDATE ON CEREIT'S BUSINESS IN EUROPE AMIDST SITUATION
ARISING
FROM RUSSIA'S INVASION OF UKRAINE
    * NO DIRECT IMPACT ON CEREIT'S PORTFOLIO
    * MORE THAN 85% OF CEREIT'S EUR 2.5 BILLION EUROPEAN
PORTFOLIO IS
IN WESTERN EUROPE
    * ONLY 2% OF CEREIT'S LEASES IN POLAND AND SLOVAKIA ARE
EXPIRING
IN NEAR TERM
    * NO CEREIT COUNTERPARTIES HAVE BEEN IDENTIFIED TO BE ON ANY
SANCTIONS LIST
    * IDENTIFIED NO MATERIAL ISSUES ARISING FROM RECENT
SANCTIONS
LISTS SCREENINGS
    * CURRENT RISING ENERGY PRICES NOT MATERIAL TO CEREIT,
ONGOING
REFUGEE CRISIS NOT EXPECTED TO DISRUPT RENT COLLECTION
    * CONTINUES TO MONITOR  ANY POTENTIAL IMPACT FROM SANCTIONS
ON ITS
OPERATIONS
    * EXPECTS ENERGY PRICES & AGRICULTURAL COMMODITY PRICES & BY
EXTENSION CONSUMER PRICES TO STAY ELEVATED IN NEAR TERM
    * BUSINESS ACTIVITIES SUCH AS REAL ESTATE TRANSACTIONS,
TRAVEL AND
TOURISM ARE LIKELY TO SLOW DOWN IN SHORT TERM
    * NO IMMEDIATE IMPACT ON CEREIT'S OPERATIONS ACROSS ITS
PORTFOLIO
& IN POLAND & SLOVAKIA IN PARTICULAR

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

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