Cromwell Property Group (CMW) - Net Assets
Based on the latest financial reports, Cromwell Property Group (CMW) has net assets worth AU$1.51 Billion AUD (≈ $1.07 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$2.40 Billion ≈ $1.70 Billion USD) and total liabilities (AU$887.80 Million ≈ $628.18 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Cromwell Property Group to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$1.51 Billion |
| % of Total Assets | 63.04% |
| Annual Growth Rate | 9.83% |
| 5-Year Change | -45.45% |
| 10-Year Change | -3.09% |
| Growth Volatility | 709.4 |
Cromwell Property Group - Net Assets Trend (1989–2025)
This chart illustrates how Cromwell Property Group's net assets have evolved over time, based on quarterly financial data. Also explore Cromwell Property Group asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Cromwell Property Group (1989–2025)
The table below shows the annual net assets of Cromwell Property Group from 1989 to 2025. For live valuation and market cap data, see how much is Cromwell Property Group worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$1.45 Billion ≈ $1.03 Billion |
-8.55% |
| 2024-06-30 | AU$1.59 Billion ≈ $1.12 Billion |
-28.13% |
| 2023-06-30 | AU$2.21 Billion ≈ $1.57 Billion |
-18.38% |
| 2022-06-30 | AU$2.71 Billion ≈ $1.92 Billion |
+1.69% |
| 2021-06-30 | AU$2.67 Billion ≈ $1.89 Billion |
+3.17% |
| 2020-06-30 | AU$2.58 Billion ≈ $1.83 Billion |
+18.34% |
| 2019-06-30 | AU$2.18 Billion ≈ $1.54 Billion |
+14.80% |
| 2018-06-30 | AU$1.90 Billion ≈ $1.35 Billion |
+15.95% |
| 2017-06-30 | AU$1.64 Billion ≈ $1.16 Billion |
+9.31% |
| 2016-06-30 | AU$1.50 Billion ≈ $1.06 Billion |
+15.92% |
| 2015-06-30 | AU$1.29 Billion ≈ $915.73 Million |
+2.39% |
| 2014-06-30 | AU$1.26 Billion ≈ $894.36 Million |
+5.26% |
| 2013-06-30 | AU$1.20 Billion ≈ $849.68 Million |
+52.20% |
| 2012-06-30 | AU$788.99 Million ≈ $558.26 Million |
+11.89% |
| 2011-06-30 | AU$705.16 Million ≈ $498.95 Million |
+23.41% |
| 2010-06-30 | AU$571.41 Million ≈ $404.31 Million |
+5.90% |
| 2009-06-30 | AU$539.59 Million ≈ $381.80 Million |
-24.56% |
| 2008-06-30 | AU$715.24 Million ≈ $506.08 Million |
+6.27% |
| 2007-06-30 | AU$673.06 Million ≈ $476.24 Million |
+3948.51% |
| 2006-06-30 | AU$16.62 Million ≈ $11.76 Million |
+81.95% |
| 2005-06-30 | AU$9.14 Million ≈ $6.47 Million |
+63.30% |
| 2004-06-30 | AU$5.60 Million ≈ $3.96 Million |
-12.48% |
| 2003-06-30 | AU$6.39 Million ≈ $4.52 Million |
+10.35% |
| 2002-06-30 | AU$5.79 Million ≈ $4.10 Million |
+45.50% |
| 2001-06-30 | AU$3.98 Million ≈ $2.82 Million |
+84.79% |
| 2000-06-30 | AU$2.15 Million ≈ $1.52 Million |
+161.60% |
| 1999-06-30 | AU$823.62K ≈ $582.77K |
+419.13% |
| 1998-06-30 | AU$-258.08K ≈ $-182.61K |
-148.18% |
| 1997-06-30 | AU$535.63K ≈ $379.00K |
+159.66% |
| 1996-06-30 | AU$-897.79K ≈ $-635.24K |
-140.05% |
| 1995-06-30 | AU$-374.00K ≈ $-264.63K |
+99.34% |
| 1994-06-30 | AU$-57.06 Million ≈ $-40.37 Million |
-35.78% |
| 1993-06-30 | AU$-42.02 Million ≈ $-29.73 Million |
-98.55% |
| 1992-06-30 | AU$-21.16 Million ≈ $-14.97 Million |
-142.36% |
| 1991-06-30 | AU$49.96 Million ≈ $35.35 Million |
-3.71% |
| 1990-06-30 | AU$51.88 Million ≈ $36.71 Million |
+4.41% |
| 1989-06-30 | AU$49.69 Million ≈ $35.16 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Cromwell Property Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 6864.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$2.28 Billion | 156.83% |
| Other Comprehensive Income | AU$12.90 Million | 0.89% |
| Total Equity | AU$1.45 Billion | 100.00% |
Cromwell Property Group Competitors by Market Cap
The table below lists competitors of Cromwell Property Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solstad Offsho
OL:SOFF
|
$750.84 Million |
|
EuroTeleSites AG
VI:ETS
|
$750.88 Million |
|
Ningbo Solartron Technology Co Ltd
SHG:688299
|
$751.52 Million |
|
Jiangsu Boiln Plastics Co. Ltd.
SHE:301003
|
$751.62 Million |
|
Marimaca Copper Corp.
AU:MC2
|
$750.39 Million |
|
Guangdong Sunwill Precising Plastic Co Ltd
SHE:002676
|
$750.15 Million |
|
COFCO Joycome Foods Limited
F:0M7
|
$749.96 Million |
|
Beijing Yuanlong Yato Culture Dissemination Co Ltd
SHE:002878
|
$749.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cromwell Property Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,589,800,000 to 1,453,900,000, a change of -135,900,000 (-8.5%).
- Net loss of 22,600,000 reduced equity.
- Dividend payments of 78,400,000 reduced retained earnings.
- Share repurchases of 900,000 reduced equity.
- Other comprehensive income decreased equity by 34,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-22.60 Million | -1.55% |
| Dividends Paid | AU$78.40 Million | -5.39% |
| Share Repurchases | AU$900.00K | -0.06% |
| Other Comprehensive Income | AU$-34.90 Million | -2.4% |
| Other Changes | AU$900.00K | +0.06% |
| Total Change | AU$- | -8.55% |
Book Value vs Market Value Analysis
This analysis compares Cromwell Property Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 17.29x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | AU$0.02 | AU$0.41 | x |
| 1990-06-30 | AU$0.02 | AU$0.41 | x |
| 1991-06-30 | AU$0.02 | AU$0.41 | x |
| 1992-06-30 | AU$-0.01 | AU$0.41 | x |
| 1993-06-30 | AU$-0.04 | AU$0.41 | x |
| 1994-06-30 | AU$-0.05 | AU$0.41 | x |
| 1995-06-30 | AU$0.00 | AU$0.41 | x |
| 1996-06-30 | AU$0.00 | AU$0.41 | x |
| 1997-06-30 | AU$0.00 | AU$0.41 | x |
| 1998-06-30 | AU$0.00 | AU$0.41 | x |
| 1999-06-30 | AU$0.01 | AU$0.41 | x |
| 2000-06-30 | AU$0.01 | AU$0.41 | x |
| 2001-06-30 | AU$0.03 | AU$0.41 | x |
| 2002-06-30 | AU$0.04 | AU$0.41 | x |
| 2003-06-30 | AU$0.04 | AU$0.41 | x |
| 2004-06-30 | AU$0.04 | AU$0.41 | x |
| 2005-06-30 | AU$0.06 | AU$0.41 | x |
| 2006-06-30 | AU$0.11 | AU$0.41 | x |
| 2007-06-30 | AU$0.01 | AU$0.41 | x |
| 2008-06-30 | AU$1.01 | AU$0.41 | x |
| 2009-06-30 | AU$0.76 | AU$0.41 | x |
| 2010-06-30 | AU$0.75 | AU$0.41 | x |
| 2011-06-30 | AU$0.76 | AU$0.41 | x |
| 2012-06-30 | AU$0.73 | AU$0.41 | x |
| 2013-06-30 | AU$0.89 | AU$0.41 | x |
| 2014-06-30 | AU$0.04 | AU$0.41 | x |
| 2015-06-30 | AU$0.04 | AU$0.41 | x |
| 2016-06-30 | AU$0.00 | AU$0.41 | x |
| 2017-06-30 | AU$0.01 | AU$0.41 | x |
| 2018-06-30 | AU$-0.03 | AU$0.41 | x |
| 2019-06-30 | AU$-0.01 | AU$0.41 | x |
| 2020-06-30 | AU$0.99 | AU$0.41 | x |
| 2021-06-30 | AU$1.02 | AU$0.41 | x |
| 2022-06-30 | AU$1.03 | AU$0.41 | x |
| 2023-06-30 | AU$0.84 | AU$0.41 | x |
| 2024-06-30 | AU$0.61 | AU$0.41 | x |
| 2025-06-30 | AU$0.56 | AU$0.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cromwell Property Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.80%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.56x
- Recent ROE (-1.55%) is below the historical average (91.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 23.13% | 36.26% | 0.28x | 2.26x | AU$6.53 Million |
| 1990 | 9.66% | 32.32% | 0.16x | 1.82x | AU$-178.10K |
| 1991 | -4.40% | -9.42% | 0.23x | 2.06x | AU$-7.19 Million |
| 1992 | 0.00% | -107.43% | 0.32x | 0.00x | AU$-15.52 Million |
| 1993 | 0.00% | -0.99% | 0.42x | 0.00x | AU$4.06 Million |
| 1994 | 0.00% | -46.64% | 1.66x | 0.00x | AU$-864.20K |
| 1995 | 0.00% | 1507.18% | 0.73x | 0.00x | AU$56.72 Million |
| 1997 | 105.67% | 103.47% | 0.14x | 7.06x | AU$512.44K |
| 1998 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-768.19K |
| 1999 | 4.37% | 0.00% | 0.00x | 1.32x | AU$-46.35K |
| 2000 | 61.77% | 33.25% | 0.19x | 9.65x | AU$1.12 Million |
| 2001 | 45.89% | 26.61% | 0.62x | 2.76x | AU$1.43 Million |
| 2002 | 31.28% | 28.09% | 0.20x | 5.46x | AU$1.23 Million |
| 2003 | 9.38% | 8.82% | 0.79x | 1.34x | AU$-39.46K |
| 2004 | -14.26% | -9.33% | 0.52x | 2.93x | AU$-1.36 Million |
| 2005 | 38.75% | 18.95% | 0.94x | 2.18x | AU$2.63 Million |
| 2006 | 47.48% | 32.62% | 0.48x | 3.00x | AU$6.23 Million |
| 2007 | 158.84% | 22.07% | 0.05x | 131.10x | AU$14.70 Million |
| 2008 | 15.09% | 84.00% | 0.09x | 1.91x | AU$36.41 Million |
| 2009 | -21.04% | -98.35% | 0.09x | 2.43x | AU$-167.47 Million |
| 2010 | 3.33% | 16.18% | 0.09x | 2.25x | AU$-38.09 Million |
| 2011 | 12.49% | 63.61% | 0.09x | 2.18x | AU$17.59 Million |
| 2012 | 2.92% | 13.01% | 0.10x | 2.33x | AU$-55.82 Million |
| 2013 | 3.84% | 22.29% | 0.08x | 2.12x | AU$-73.93 Million |
| 2014 | 275.96% | 69.92% | 0.11x | 37.35x | AU$175.86 Million |
| 2015 | 230.64% | 62.97% | 0.09x | 40.14x | AU$142.31 Million |
| 2016 | 0.00% | 153.02% | 0.07x | 0.00x | AU$330.10 Million |
| 2017 | 2274.59% | 138.75% | 0.06x | 279.58x | AU$276.28 Million |
| 2018 | 0.00% | 97.38% | 0.06x | 0.00x | AU$209.46 Million |
| 2019 | 0.00% | 52.05% | 0.08x | 0.00x | AU$163.09 Million |
| 2020 | 7.01% | 44.37% | 0.08x | 1.93x | AU$-77.24 Million |
| 2021 | 11.56% | 85.28% | 0.07x | 1.88x | AU$41.67 Million |
| 2022 | 9.71% | 74.58% | 0.07x | 1.86x | AU$-7.84 Million |
| 2023 | -20.06% | -126.98% | 0.08x | 1.91x | AU$-665.02 Million |
| 2024 | -34.04% | -246.29% | 0.07x | 1.94x | AU$-700.08 Million |
| 2025 | -1.55% | -12.80% | 0.08x | 1.56x | AU$-167.99 Million |
Industry Comparison
This section compares Cromwell Property Group's net assets metrics with peer companies in the REIT - Office industry.
Industry Context
- Industry: REIT - Office
- Average net assets among peers: $1,534,505,000
- Average return on equity (ROE) among peers: 10.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cromwell Property Group (CMW) | AU$1.51 Billion | 23.13% | 0.59x | $750.47 Million |
| Australian Unity Office Fund (AOF) | $454.01 Million | 9.87% | 0.49x | $41.87 Million |
| Centuria Office REIT (COF) | $235.26 Million | 3.01% | 0.40x | $393.07 Million |
| Dexus (DXS) | $4.72 Billion | 21.43% | 0.76x | $4.76 Billion |
| Growthpoint Properties Australia (GOZ) | $733.24 Million | 6.77% | 1.19x | $1.17 Billion |
About Cromwell Property Group
Cromwell Property Group is a real estate investment manager with 4.2 billion US dolars of assets under management in Australia and New Zealand on 30 June 2025. Cromwell is a trusted partner and investment manager to a range of local and global investors; capital providers and banking partners and has a strong track record of creating value and delivering superior risk-adjusted returns throughout … Read more