Company
Custodian Property Income REIT PLC
LON:CREI
Custodian Property Income REIT PLC aims to be the real estate investment trust of choice for private and institutional investors seeking high and stable dividends from well-diversified UK real estate. The company invests in a diverse portfolio of commercial real estate, principally characterised by individual property values of less than £15 million at acquisition.
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Custodian REIT sells warehouse as it no longer fits ESG strategy
After recently increasing the lease term, the company's managers felt it was the right time to sell and crystallise a valuation uplift
Custodian REIT divests only high street shopping centre
The site in Gosforth was part of the portfolio of DRUM Income Plus REIT
Custodian REIT to invest in refurbishments after selling shopping centre for £9.3mln
“This disposal provides additional capital for our programme of improving assets we feel will better capture tenant demand over the long term as well as enhancing their environmental credentials,” said fund manager Richard Shepherd-Cross
Custodian REIT appoints ones Lang LaSalle as its ESG advisor
Part of JLL’s mandate is to help the property investment group improve the energy performance of its buildings
Custodian REIT grabs Glasgow distribution facility with potential for yield increase
"We see scope to significantly increase the rental intake of this conservatively let asset based on recent local comparables combined with strong occupational demand," Richard Shepherd-Cross, managing director of Custodian Capital, the trus
Custodian REIT sells Milton Keynes property at a 73% premium
The property investment company sold the unit for £8.5mln, having bought it for £2.1mln in January 2015
Custodian REIT buys industrial facility in Derbyshire for £3.5mln
The facility has a net initial yield of 6.10% - higher than the market average
Custodian REIT buys two retail warehouses in UK midlands at yield of 9.43%
“Retail warehouses continue to demonstrate their relevance and appeal alongside the continued rise of e-commerce," said fund manager Richard Shepherd-Cross
Custodian REIT buys properties at retail park in York for £3mln
The property investment company has acquired two drive-through restaurants on Clifton Moor Retail Park in York
Custodian REIT offloads retail unit for £700,000
The UK property investment company also recently completed a five-year lease renewal with Superdrug
Custodian REIT buys Nottingham retail park for £15mln
The retail park is occupied by Wickes, Matalan, Poundland and KFC
Custodian predicts further growth in rental rates
There doesn’t seem to be an end in sight for rental growth, landlords will breathe a sigh of relief
Custodian REIT says rent collection back to pre-pandemic levels
Tenants have honoured their deferred rent agreements allowing the board to increase fully covered quarterly dividends to at least 5.5p in the forthcoming financial year.
Custodian REIT sells property for 26% more than March valuation
“We have a strong pipeline of assets on which to redeploy the proceeds of this sale with better rental growth and asset management prospects,” said the fund manager
Custodian REIT makes £3.65mln Winchester acquisition
The property investment firm has acquired two retail units at the heart of the Hampshire city
Custodian REIT acquires Scottish property for £7.49mln
The industrial facility is in Grangemouth, Scotland, and is leased to a sawmill for the next 18 years
Custodian REIT reports rise in NAV, dividend; well positioned for rental growth
The property investment company said its focus on smaller regional properties makes it “particularly well positioned” to see rental growth
Custodian REIT sells retail property for £1.3mln
The disposal forms part of the company's strategy of reducing exposure to secondary high street retail assets
Custodian REIT purchases new Homebase-occupied property in Norfolk retail park
"Well-located retail warehouses are complementary to online retailing and have remained in demand during the restructuring of the retail market and the COVID-19 pandemic”
Custodian recovery led by industrial and logistics properties
Rental collection also improved to 95% from 91% six months ago
Custodian REIT hikes quarterly dividend target 10% after completing DRUM acquisition
Earnings and net asset value were both up in the past quarter
Custodian REIT takeover of Drum Income Plus poised for final green light
Everything should be ready to go by the time trading begins on Thursday
Custodian REIT sells property for 31% above June valuation
The sale price was £1.15mln ahead of the last valuation, representing a net initial yield of 5.8%
Custodian REIT acquires industrial unit near York
The unit is currently occupied by a distribution company and has a passing rent of £186,000 per year
Custodian REIT agrees £21mln takeover of Drum Income regional real estate trust
The acquisition is expected to enhance earnings and dividend cover in the first full year of ownership
Custodian REIT picks up Manchester city centre office property for £6.25mln
The 20,012 square-foot building is a short walk from Oxford Road station (pictured)
Custodian REIT acquires Dundee warehouse for £1.9mln
The unit is close to the A90 and occupied by Menzies Distribution Limited
Custodian REIT sells retail warehouse unit above book price
The disposal crystallises a significant profit on a unit with a relatively short weighted average unexpired lease term
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Custodian REIT unveils potential bid for Drum Income Plus REIT
Under the possible offer, Drum Income investors will receive 0.535 Custodian REIT shares for each share they hold in the firm, giving it a total value of around £21.6mln
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Custodian REIT sells industrial properties at premium to book value
On completion, the disposals will add 0.5p to the 30 June 2021 NAV per share
Custodian REIT says vast majority of tenants meeting their rental commitments
At 30 June 2021, the company's property portfolio comprised 159 assets with a net initial yield of 6.4%
Custodian REIT books profit on nursery property sale
The property was part of the initial portfolio acquired on its admission to the London Stock Exchange in 2014
Custodian REIT buys sixth unit in Liverpool business park
It is occupied by Engineering Solutions and Automations Limited with an unexpired term to first break or expiry of four years
Custodian REIT expects to maintain dividend in current year
The property trust said it had collected 91% of rents in the year to end-March 2021
Custodian REIT buys five industrial units on Knowsley Business Park in Liverpool for £3.5mln
Knowsley Business Park is adjacent to junction 4 of the M57
Custodian REIT sells Nottingham retail unit
The disposal has reduced the company's high street retail sector weighting by income from 10% to 9%
Custodian REIT emphasises resilience of property sector after 'a year unlike any other'
"As always when considering real estate investment the location of offices will be key," said Richard Shepherd-Cross, the managing director of the REIT’s discretionary investment manager
Custodian REIT appoints two non-executive directors
Elizabeth McMeikan has been appointed as the senior independent director and Chris Ireland has been appointed as an independent director
Custodian REIT sees strong recovery in net asset value
Since its initial public offering five years ago, the company has deployed new equity, reached target net gearing and grown dividends annually.
Custodian REIT raises dividend by 19% as rent collections hold firm
Increases in the value of its industrial properties were offset by declines in retail, office and other sectors
Custodian REIT announces disposal of four properties from its portfolio
The company said it has sold retail properties at auction in Chester, Scarborough, Bedford and Llandudno for an aggregate £1.6mln, in line with the most recent valuations
Custodian REIT buys office building close to Oxford city centre
Minns Business Park is adjacent to the A34, which connects the M4 and M40
Custodian REIT confident of its strengths in a low-return environment
“In a low return environment, we believe that property returns will look attractive and the search for income and long-term capital security will bring many investors back to real estate"
Custodian REIT acquires four industrial units on Hilton Business Park, Derby for £1.975mln
The UK property investment company said the units have an aggregate passing rent of £134,065 per annum, reflecting a net initial yield1of 6.39%
Custodian REIT hikes quarterly dividend as property investment activity rebounds
"There is confidence in the industrial and logistics market where record investment volumes have been matched by record occupational demand for warehouse space," said the trust's investment manager
Custodian REIT pays out more than expected as rental collections improve
The trust is recommending a quarterly dividend of 0.95p or 27% above the minimum indicated in April
Custodian REIT purchases pre-let development
The investment trust has acquired 0.6 acres of land in Nottingham near to the recently developed NG2 Business Park on the A453 Queens Drive, the main route into Nottingham city centre from the south
Custodian REIT says property yields at highest ever relative to gilts
"The outlook for real estate investment is likely to become clearer and potentially more positive as lockdown eases and most sectors of the economy have the opportunity to re-open."
Custodian REIT raises £2.8mln from the disposal of an industrial warehouse unit in Westerham
The sum which was £0.5mln, or 23% ahead of the March 31, 2020, valuation of the property, represents a net initial yield of 4.50%
Custodian REIT focused on rent collections during coronavirus pandemic
Custodian said it expects its next two quarterly dividend payments to be a minimum of 0.75p share regardless of rental collection
Custodian REIT says most tenants still paying on time
In April so far, 67% of rent due has been collected, with a further 5% expected to be received shortly
Custodian REIT shrugs off retail uncertainty to increase NAV
"In regional markets, smaller lot size industrial and logistics and office buildings remain undersupplied and with latent rental growth"
Custodian REIT delivers positive half-year return despite “struggling retail sector”
The investment trust said other areas of the commercial property market were continuing to see supply and demand imbalances that would further rental growth
Custodian heralds "pipeline of opportunities" ahead after slight drop in portfolio value
Since the period to 30 September, the property investor has agreed terms to fund drive-through coffee shop in Nottingham
Custodian bags £25mln property in leaseback deal
The UK property investor has a new largest tenant for its property portfolio, which stood at £568mln in June
Custodian REIT sells Edinburgh property in search for better prospects
The city centre office and retail unit was bought as part of a larger portfolio in 2016
Custodian REIT crystallises profit on industrial warehouse in Wolverhampton
The property was purchased in June 2016 as part of a three-property portfolio. The lease is up for renewal in four years.
Custodian REIT portfolio proves resilient against tough retail market
Custodian REIT said it benefits from a "balanced and diverse" portfolio
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Custodian REIT to continue its focus on income
The company's full-year dividend of 6.55p (2018: 6.45p) was 110.4% covered by net recurring income
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FTSE 100 closes higher led by defensive stocks
Footsie closed up 39 at 7,259, while mid-cap cousin FTSE 250 went the other direction, shedding over six points to close at 19,065
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Solid State sparks rally with bullish trading update
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Custodian REIT sees opportunities as property market waits on Brexit
"We are considering a pipeline of opportunities and believe there may be potential to make contra-cyclical acquisitions"
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Trifast finishes financial year with a flourish
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FTSE 100 closes lower ahead of the Easter weekend
The UK's premier stock index finished down around 11 points at 7,459
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Custodian REIT sees steady NAV per share as portfolio value grows at end of 2018
In an update for the period from 1 October to 31 December, the real estate investment firm said NAV per share had remained fairly flat at 108.1p compared to 108.6p at the end of September, while the NAV total return per share for the period
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Trans-Siberian Gold announces record quarterly production
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Custodian REIT extends revolving credit facility with Lloyds Bank
Under the terms of the agreement, the company pays interest of 2.45% above the three-month London interbank offer rate (LIBOR) per annum on the outstanding amounts used under the agreement from time to time
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FTSE 100 finishes in red as China growth worries hit global equities
Top laggard on Footsie was oil services giant Wood Group, which shed 4.09% to 524.80p
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Custodian REIT acquires Volkswagen car dealership in Loughborough
The property investment firm said it had purchased the 14,926 square foot site for £2.36mln
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FTSE 100 closes lower as US sinks with Santa rally looking a vague memory
At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
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Boku Inc sinks as it buys loss-making company
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Custodian REIT reports "another successful period of positive shareholder returns"
Property market conditions restricted the REIT's ability to acquire properties that meet its strategy at a sufficient rate to satisfy the demand for new equity issuance; as a result, new issuance was limited which, in turn, saw the company'
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FTSE 100 has worst day in over two years as Huawei CFO arrest sends shockwaves through markets
Footsie closed down 217 points today to 6,704, with 7,000 now seemingly a distant memory. .
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Ted Baker’s tough trading is expected to be a dent in third quarter sales
Ted Baker and DS Smith are likely to be the highlights of Thursday's schedule.
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IG Group marked down as new regulations hit customer numbers
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Custodian REIT snaps up Jubilee Close retail park in Weymouth
The property investment trust said it had acquired the park, which comprises three units occupied by B&Q, Halfords and Sports Direct, for £10.8mln
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FTSE 100 closes firmly lower as investors realise US/China trade dispute continues
The UK index of leading shares finished down over 39 points lower at 7,022.
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Fashion firms and a housebuilder, plus US jobs data to provide interest in the first week of Advent
Ted Baker PLC and Joules PLC will fly the fashion flag, while Berkeley Group PLC will provide the mortar on a fairly quiet corporate diary at the start of December
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Custodian REIT acquires Evesham Shopping Park
Custodian REIT targets sub-£10 million lot size, regional properties
FTSE 100 closes lower as UK politics, Brexit remain the focus
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
Custodian REIT offers one of best yields in UK property
“No properties inside the M25, with one or two minor exceptions,” says Richard Shepherd-Cross, managing director of the REIT's investment management arm