Cromwell EREIT's NPI climbed 6.6% to $93.76m in H1

Uploaded By:  Clarist Zablan Submitted By:  Clarist Zablan Case Study:  No New office acquisitions boosted growth by $22.74m. Cromwell European REIT's (CEREIT) net property income (NPI) grew 6.6% YoY to $93.76m (EUR57.72m) in H1 2020, from $87.92m (EUR54.13m) in H1 2019, the company announced. Revenue rose 13.7% to $152.13m (EUR93.66m) over the same period. The gross revenue for office assets leapt 32.3% YoY to $89.01m (EUR54.8m), whilst NPI jumped 24.5% to $55.23m (EUR34m), thanks to new office acquisitions in Poland contributing $22.74m (EUR14m) in gross revenue during the period. read more