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LSE:CREI

Custodian REIT PLC

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Market:
LSE
Market Cap:
£406.72 m
Price
96.70 GBX
Change
0.31%
52 weeks high
106.60
52 weeks low
83.90

In brief

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 £95mln. The flotation raised a further £55mln. Subsequent placings and considerable investment into UK regional real estate have seen the company grow to its current market capitalisation.

The £95mln 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.

Snapshot

  • Custodian REIT agrees £21mln takeover of Drum Income regional real estate trust
  • Custodian REIT highlights focus on income and continued need for commercial property

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