Edison Investment Research - Custodian REIT PLC (CREI) Custodian Property Income REIT - Significant uplift in fully covered DPS

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Edison Investment Research

Martyn King

Custodian Property Income REIT - Significant uplift in fully covered DPS

Custodian Property Income REIT’s (CREI’s) Q225 trading update points to strong H1 performance when results are released in December. With income growth supported by leasing progress and rental growth, DPS (+9% y-o-y) is fully covered. Reflecting improved investment market sentiment and asset management, portfolio valuations show early signs of recovery. CREI expects this to continue.

13/11/2024 1 EN

Underlying

Custodian REIT PLC

Custodian REIT is a U.K. real estate investment trust with a portfolio comprising regional properties predominantly let to institutional grade tenants throughout the U.K. Co. provides investors access to a diversified portfolio of U.K. commercial real estate through a closed-ended fund. Co. has appointed Custodian Capital Limited as Investment Manager and Alternative Investment Fund Manager. The Investment Manager provides property management and administrative services to Co.

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GB00BJFLFT45 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Martyn King

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Custodian Property Income REIT - Significant uplift in fully covered DPS

Hardman & Co Investor Forum Research on Custodian Property Income REIT (CREI): Good momentum, modest risk

Hardman & Co Investor Forum Research on Custodian Property Income REIT (CREI): Good momentum, modest risk

Edison issues report on Custodian Property Income REIT (CREI)

Accsys Technologies - Upgrading guidance for the full year

Topps Tiles - Market outperformance again in FY24

Nabaltec - Resilience and margin expansion

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