Cromwell Property Group Valuations Update

Cromwell Property Group (ASX: $CMW) has announced that all assets within its Australian investment portfolio have been independently externally revalued as at 30 June 2024. The valuations reflect an estimated decrease of $115.5 million or 5.0% on prior valuations as at 31 December 2023. Cromwell intends to release its full year results for the period ended 30 June 2024 on 29 August 2024.

Executive Commentary

The 5.0% decrease in asset valuations as at 30 June 2024 reflects the current market conditions and the impact on our Australian investment portfolio. We are committed to providing transparent and accurate information to our investors and stakeholders. The release of our full year results in August will provide a comprehensive overview of our performance and financial position for the period.

Summary of Cromwell Property Group Announcement

Cromwell Property Group (ASX: $CMW) has reported a 5.0% decrease in the valuations of its Australian investment portfolio as at 30 June 2024, amounting to an estimated $115.5 million decline from the prior valuations. The company intends to release its full year results for the period ended 30 June 2024 on 29 August 2024. The decrease in valuations reflects the current market conditions and will be subject to audit and finalization of statutory accounts. Investors and stakeholders can anticipate a comprehensive overview of Cromwell's performance and financial position in the upcoming full year results release.