There appears to be an article in todays fin review , JP Morgan claims Revenue and Distributions will decline by 8% over the next 3 years. Do not have access to the fin review this month. I was of the understanding that the
1.refurbishments currently undertaken by Cromwell will come on line during the next year or two will increase the distribution not decrease it.
2. Cromwell does not hold retail space other than a kiosk or two, hence not exposed to e-commerce disruption to bricks and mortars.
3. Funds under management is growing and the European exposure is a plus today not a negative.
4. Large companies trend is flexi hours on site working not at home, limited risk to office space.
5. Maybe its the growth to the interest costs? that's got JP Morgan worried.
Would appreciate some comments on this one
thanks in advance
cheers
CMW Price at posting:
$1.00 Sentiment: Hold Disclosure: Held
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