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Custodian REIT reports robust quarterly update - Capital Network analyst

Capital Network's Ed Stacey gives his view on Custodian REIT's (LON:CREI) latest quarterly net asset value (NAV) update.

The release shows a NAV of £426.6mln, unchanged versus December 2018, and NAV total return per share of 5.9%.

Occupancy remains high at 95.9%.

Custodian now offers a 5.8% dividend yield for FY Mar 2019, versus 3.4% for the sector.

Quick facts: Custodian REIT

Price: 114.8 GBX

LSE:CREI
Market: LSE
Market Cap: £472.46 m
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Proactive Research analyst discusses Custodian REIT's refinancing and...

Proactive Research analyst Ed Stacey says Custodian REIT (LON:CREI) is continuing to pursue its strategy of low-churn buy-and-hold rental income. In October 2019, Custodian announced the acquisition of a portfolio of eight distribution warehouses under a sale and leaseback deal with Menzies...

on 9/10/19

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