Highlights

  • Cromwell Property Group increased FY26 FFO 5% to AUD 110.3 million, equivalent to 4.2 cents per security during FY26 overall.
  • Assets under management grew 11.4% to AUD 4.7 billion across property investments in Australia and New Zealand during FY26 overall.
  • Statutory profit reached AUD 135.8 million after a prior-year loss, while Revenue increased 43% to AUD 266.3 million overall overall.
  • Management guided FY27 distributions of 3.1 cents per security, compared with 3 cents distributed for the preceding financial year overall.

Cromwell Property Group released its FY26 full-year results on 27 August 2026, reporting Funds From Operations (FFO) of $110.3 million — up 5.0% on FY25 — and FFO per security of 4.2 cents. Statutory profit swung to $135.8 million from a prior-year loss of $22.6 million, as revenue jumped 43% to $266.3 million. Assets under management grew 11.4% to $4.7 billion, reflecting platform-level growth across Cromwell's Australian and New Zealand real estate Investment and funds management businesses. NTA per security rose 3.6%, while FY27 distribution guidance was lifted to 3.1 cents per security per annum.

Platform Growth and Portfolio

Cromwell's $4.7 billion AUM platform spans office, industrial, retail and other assets across Australia and New Zealand, managed through its direct portfolio and third-party funds management businesses. The group operates the Oyster platform in New Zealand ($0.7 billion AUM) alongside its domestic Business ($4.0 billion AUM), with a combined tenant-customer base of more than 390 tenants across approximately 521,000 square metres of net lettable area. The Investment Portfolio carries a future rental reversion of 8.7%, providing visible upside as leases roll and re-let at market rents.

Balance Sheet and Capital Management

Cromwell's Balance Sheet remains conservatively structured, with an LVR of 36.8% against a 60% covenant and an interest coverage ratio (ICR) of 4.3 times against a 2.0 times covenant — providing $1 billion-plus of Debt headroom. During FY26, the group completed the exit of its Chatswood joint venture (475 Victoria Avenue) on 14 July 2026, simplifying the portfolio. Cromwell adopted FFO as its primary Earnings measure in FY26 to improve comparability with industry peers and provide a clearer view of operating performance.

FY27 Outlook

Cromwell guided FY27 revenue growth of approximately 10%, FFO growth of approximately 7%, and profit after tax growth of approximately 50%, while lifting annual distribution guidance to 3.1 cents per security. The Brisbane office venture launched on 1 July 2026 provides incremental earnings from the second half of FY27. With AUM growing, platform Economics improving, and the balance sheet conservatively positioned, Cromwell appears positioned for sustained earnings momentum through FY27 and beyond.

Stock Price Information

On 6 November 2026, Cromwell Property Group (ASX:CMW) shares recorded a change in price. For current pricing, refer to the ASX website or your broker platform.