Cromwell Property Group
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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Cromwell Sells Assets, Goes From Heavily Indebted to Among the Lowest-Geared Australian REIT
Business Strategy and Outlook
Cromwell Property Group is an Australian property company that currently generates most of its income from rent on properties it owns, and a lesser amount from property funds management. The latter includes property management services, investment management, and property acquisitions and development, in collaboration with customers. The group tends to own co-investment stakes in funds or properties that it manages for clients, particularly in its wholesale business. This provides a degree of alignment with clients, as well as providing another indirect source of rental income.