Custodian REIT - Strong H122 returns and further DPS growth
NAV total return for Custodian REIT (CREI) in the six months to 30 September (H122) was 11.7%, a combination of increased dividends and property revaluation gains. With EPRA earnings robust and rent collection remaining strong, the quarterly DPS target is increased from Q322. The completed Drum acquisition builds further scale and diversification and with low gearing, CREI is well placed for further accretive growth.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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