Cromwell Property Group (ASX:CMW) announced results for the half-year ended Dec. 31, 2025, headlined by a strategic pivot toward the industrial sector.
A key driver of this period's growth was the acquisition of an industrial management platform and a 19.9% stake in the $472 million Cromwell Industrial Partnership.
The move helped propel the group's total assets under management up by 13.6%, reaching a milestone of $5 billion.
The group reported an operating profit of $55.9 million, representing a 1.5% increase.
The performance was bolstered by a $72 million valuation gain in its investment portfolio, supported by a high occupancy rate of 97.2%.
Funds from operations reached $55.3 million, or 2.11 cents per security, allowing the group to maintain a payout ratio of 71% and reaffirm its FY26 distribution guidance of 3 cents per security.
Cromwell’s balance sheet remains a point of strength, with gearing at a conservative 30.2% and $418 million in available liquidity.
Net tangible assets also rose to $0.58 per security, up from $0.56 in June 2025.
At the time of reporting, Cromwell Property Group’s share price was $0.44.