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
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 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"