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← CockpitCompetitor Analysis › CMW.AX Cromwell Property GroupOpen in the cockpit ↗

Cromwell Property GroupCMW.AXCompetitor analysis, valuation and peers

Australia · AUD·Real Estate›Real Estate Investment Trusts
Momentum weak 37
Mkt cap
$662M
US dollars, full cap
Free float
56%
of shares outstanding
$/day
$845,703
20-day average traded
P/B
0.63×
price to book
ROE
9.1%
delivered
Implied ROE
8.2%
what the price asks
Next earnings
110 days
24 Feb 2027
Close · AUDA$0.36
1D+1.4%
1W+7.3%
1M+12.3%
3M-17.1%
6M-13.1%
YTD-20.6%
1Y-19.8%
ATR %3.2%
52w lowhigh25.5% off high

What Cromwell Property does

Employees: 124

Cromwell Property at a glance

Size Cromwell Property (CMW.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $662M, the 231st largest of 316 Australia companies the cockpit tracks. Shares closed at A$0.36 on 6 Nov 2026.

Performance Over six months the shares fell 13.1%, against -13.7% for the median peer and +4.1% for the Australia market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 0.1% over the last twelve months (peer median +4.3%); the operating margin is 51.8% (peer median 58.1%).

Valuation It trades at 0.63× book value against a peer median of 0.78× (8th cheapest of 21).

Price implies The share price implies a return on equity of about 8.2%; Cromwell Property delivers 9.1%, so the price asks less than the business earns today.

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 86CMW.AX 84
Six months, rebased to 100: Cromwell Property against the median of its 20 peers (local-currency closes).

Cromwell Property financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$178MA$178MA$177MA$188MA$202M
Revenue growth—0%-6%-7%—
Gross profitA$135MA$135MA$142MA$151MA$162M
EBITDAA$98.2MA$98.2MA$104MA$115MA$124M
Net incomeA$135MA$135M-A$58.6M-A$541M-A$439M
Free cash flowA$63.1MA$63.1MA$102MA$108MA$148M
Capital expenditureA$200,000A$200,000A$600,000A$4.90MA$1.30M
Total debtn/aA$775MA$676MA$1.39BA$1.82B

Quarterly statements and history in the cockpit →

Cromwell Property competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-10%0%+10%SVCQRISTRWCQEPMT01010TMFABFSCRPU8958CIMCLDTAHRTJ85JBGSIVRDCRUSAFE451800SGR-UNCMW.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Cromwell Property is the large dot.

Fundamentals: return on equity against price-to-book

-10%0%10%00×20×40×60×SVCQRISTRWCQEPMT01010TMFABFSCIMAHRTJBGSIVRSAFE451800CMW.AXReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Cromwell Property is the large dot.

Capital: ROE delivered against the ROE the price implies

-50%0%50%-50%0%50%SVCQRISTRWCQEBFSJBGSCMW.AXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Cromwell Property is the large dot.

Cromwell Property competitors and peer comparison

How Cromwell Property compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Cromwell Property against its 20 peers (data as of 6 Nov 2026)
MeasureCMW.AXPeer medianRank in peer set
1-month return+12.3%-0.2%4th highest of 21
6-month return-13.1%-13.7%11th highest of 21
Return on equity9.1%4.4%3rd highest of 21
Price / book0.63×0.78×8th cheapest of 21
Trailing P/E7.1×16.7×2nd cheapest of 14
ROE the price implies8.2%7.0%8th most demanding of 21
ROE delivered9.1%4.5%3rd highest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Cromwell Property CMW.AXAustralia$662M-13%0%9%0.63×8.2%9.1%
Service Properties Trust SVCUnited States$673M-37%-12%-56%0.17×4.8%-56.3%
Qualitas Real Estate Income Fund Units QRI.AXAustralia$649M-6%+12%7%0.93×6.3%7.1%
Strawberry Fields REIT STRWUnited States$678M-5%+18%71%20.65×72.4%71.4%
Charter Hall Social Infrastructure REIT CQE.AXAustralia$681M+4%+12%6%0.67×8.3%6.3%
PennyMac Mortgage Investment Trust PMTUnited States$685M-29%+11%5%0.55×7.3%4.5%
Millerful No 1 Real Estate Investment Trust 01010T.TWTaiwan$698M0%+4%3%0.93×3.4%n/a
MFA Financial MFAUnited States$628M-37%-10%-1%0.39×6.8%-0.7%
Saul Centers BFSUnited States$705M-19%+9%11%6.38×43.2%11.3%
Sasseur Real Estate Investment Trust CRPU.SISingapore$621M-7%-13%5%0.76×4.1%5.3%
Global One Real Estate Investment 8958.TJapan$707M-17%-11%8%0.99×4.9%8.5%
Chimera Investment CIMUnited States$612M-46%+14%0%0.41×7.5%0.0%
Chatham Lodging Trust CLDTUnited States$722M+56%-3%2%1.00×10.5%1.6%
AH Realty Trust AHRTUnited States$607M0%-48%0%1.12×11.4%n/a
CDL Hospitality Trusts J85.SISingapore$725M-10%+4%-1%0.46×3.9%-1.2%
JBG SMITH Properties JBGSUnited States$729M-20%-1%-13%0.68×8.0%-12.9%
Invesco Mortgage Capital IVRUnited States$590M-34%-105%-3%0.80×11.2%-3.5%
Digital Core REIT DCRU.SISingapore$588M-11%+19%4%0.57×5.0%4.3%
Safehold SAFEUnited States$750M-30%+13%5%0.31×6.4%4.8%
Hanwha REIT 451800.KSSouth Korea$584M-26%+13%5%1.18×5.9%4.6%
Slate Grocery REIT SGR-UN.TOCanada$763M+8%+2%6%1.12×9.7%6.4%

Questions

Which companies are Cromwell Property's closest peers?
The cockpit's peer set: Service Properties Trust (SVC), Qualitas Real Estate Income Fund Units (QRI.AX), Strawberry Fields REIT (STRW), Charter Hall Social Infrastructure REIT (CQE.AX), PennyMac Mortgage Investment Trust (PMT), Millerful No 1 Real Estate Investment Trust (01010T.TW), MFA Financial (MFA), Saul Centers (BFS).
Is Cromwell Property expensive compared with its peers?
On price / book it trades at 0.63× against a peer median of 0.78×, 8th cheapest of 21 in its peer set. The share price implies a return on equity of about 8.2%; Cromwell Property delivers 9.1%, so the price asks less than the business earns today.
How has Cromwell Property stock performed?
Over six months to 6 Nov 2026 the shares returned -13.1% against -13.7% for the median peer; over one year -19.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.