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Proactive Research analyst discusses Custodian REIT's refinancing and acquisition

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 Distribution Limited.

In September 2019 Custodian agreed with Lloyds Bank to increase the total funds available under the company’s revolving credit facility from £35 million to £50 million for a term of three years.

Quick facts: Custodian REIT

Price: 117 GBX

LSE:CREI
Market: LSE
Market Cap: £478.77 m
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Custodian REIT CEO confident it can ride out wave of CVAs

Richard Shepherd-Cross, Custodian REIT PLC’s (LON:CREI) managing director, says the trust’s diversified property portfolio is helping offset a troubled UK high street. Pressure on retail rents is coming from the flood of company voluntary arrangements or CVAs. Tenants are staying put...

on 30/7/19

2 min read