Cromwell is an internally managed Australian Real Estate Investment Trust (A-REIT) and a stapled security consisting of Cromwell Corporation Limited ABN 44 001 056 980 (“the Company”) and Cromwell Diversified Property Trust ARSN 102 982 598 (“the Trust”), the responsible entity of which is Cromwell Property Securities Limited ABN 11 079 147 809 (“the Manager”). This structure is shown below.
Being a stapled security means each share in the Company is stapled to a unit in the Trust to form a single security. Cromwell’s Stapled Securities trade on the Australian Securities Exchange (“ASX”) under the code CMW. Cromwell is included in the S&P/ASX 200 index, making it one of the largest and most liquid stocks on the ASX.