Custodian REIT says property investors looking beyond pandemic

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  • Custodian REIT buys five industrial units on Knowsley Business Park in Liverpool for GBP3.5mln
  • Custodian REIT highlights focus on income and continued need for commercial property
Custodian

Quick facts: Custodian REIT PLC

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Custodian REIT aims to be the real estate investment trust (REIT) of choice for private and institutional investors seeking high and stable dividends from well-diversified UK real estate. Custodian REIT floated in 2014, with a seed portfolio of GBP95mln. The flotation raised a further GBP55mln. Subsequent placings and considerable investment into UK regional real estate have seen the company grow to its current market capitalisation.

The GBP95mln seed portfolio was sourced from an existing portfolio of 48 properties, held by clients of Mattioli Woods and managed by Custodian Capital for the previous 12 years.

09 Jun 2021

() said it acquired five industrial units on Knowsley Business Park in Liverpool for GBP3.5mln.

The units, which cover a total area of 40,419 sq. ft., are occupied by Portakabin, Green Thumb, Central Electrical Armature and Med Imaging with a weighted average unexpired term to first break or expiry of 4.0 years.

The units have an aggregate passing rent of GBP214,117 per year, reflecting a net initial yield of 5.74%, said the UK property investment company.

The purchase price was funded from the company’s existing debt facilities.

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25 May 2021

(), the UK property investment company, has sold a retail unit in Nottingham at auction for GBP0.7mln.

The real estate investment trust (REIT) said the price gained at auction was in line with the most recent valuation.

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04 May 2021

(), the commercial property company, said 91% of rent due was collected in the pandemic-affected 12 months to the end of March 2021.

The real estate investment trust (REIT) issued an update covering the first three months of 2021 in which it revealed 90% of rent (adjusted for contractual rent deferrals) was collected in the period.

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24 Jun 2020

‘s () Richard Shepherd-Cross speaks to Proactive London’s Andrew Scott following the release of its results to March 2020. He says the outlook for real estate investment is likely to become clearer and potentially more positive as lockdown eases. He adds that around 70% of rent has been collected for the current quarter to June.

12 May 2021

Custodian REIT has demonstrated a high level of operational resilience through the Covid crisis in terms of absolute performance and on a relative basis compared with the UK commercial real estate sector. This is beginning to be reflected in the share price which has gained 16% year-to-date, but which still leaves Custodian at an attractive valuation offering 5.2% dividend yield (FY March 2022 estimate).

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Custodian REIT: ‘demonstrated a high level of operational resilience through…

Proactive analyst Ed Stacey presents his analysis on Custodian REIT PLC (LON:CREI). The company recently announced an additional dividend for the last quarter, a ‘bonus’ dividend which as Ed explains takes the FY dividend to 5p, 5%.

Last quarter the firm reported over 90% occupancy and 90%…

4 weeks ago

2 min read

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