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CREI Custodian Property Income Reit Plc

75.60
-1.50 (-1.95%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Custodian Property Income Reit Plc LSE:CREI London Ordinary Share GB00BJFLFT45 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.50 -1.95% 75.60 179,327 16:35:03
Bid Price Offer Price High Price Low Price Open Price
75.60 76.00 79.80 75.70 79.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 44.15M -65.82M -0.1493 -5.09 335.05M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:29:19 O 7,393 76.752 GBX

Custodian Property Incom... (CREI) Latest News

Custodian Property Incom... (CREI) Discussions and Chat

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Date Time Title Posts
10/4/202409:17QUARTERLY YIELDING PROPERTY SHARE366

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Custodian Property Incom... (CREI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:29:2876.757,3935,674.28O
16:14:3076.5010.77O
16:14:0375.606,8375,168.70O
16:10:1775.802,5201,910.13O
16:06:5175.602,0001,512.00O

Custodian Property Incom... (CREI) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Custodian Property Incom... Daily Update
Custodian Property Income Reit Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker CREI. The last closing price for Custodian Property Incom... was 77.10p.
Custodian Property Incom... currently has 440,850,398 shares in issue. The market capitalisation of Custodian Property Incom... is £335,046,302.
Custodian Property Incom... has a price to earnings ratio (PE ratio) of -5.09.
This morning CREI shares opened at 79.80p
Posted at 27/3/2024 18:58 by essentialinvestor
Surprised tbh. Although it's the reason I opted for CREI, over API (on recent trades) - I had rejection as an outside possibility.

API might possibly be worth a look tomorrow, price dependent.

Not all PI's will be happy with a wind up situation, difficult to judge an attractive price - tax implications as well.

And tax implications need to be allowed for in any buy price.


Expensive diversion for CREI, but we should open higher Thursday.
Posted at 20/3/2024 18:51 by nickrl
So API show assets are worth something thus if CREI get hold of it should be able to make a nice turn but share price goes down
Posted at 23/2/2024 09:14 by riverman77
I think reference to NAV is a much better way to gauge value than the current share prices, which can just randomly move around. NAVs aren't perfect but pretty good measure of underlying value for REITs. Put it this way, if SHED share price falls 10%, it doesn't mean the underlying value of its portfolio is suddenly worth 10% less. GROW is completely different and no idea what relevance that has.
Posted at 23/2/2024 07:00 by spectoacc
"As it stands SHED is the better offer as (based on current API share price) it gives access to SHED at a 30% discount to NAV, while CREI offer gives exposure to CREI at a 27% discount to NAV."

Utter bunkum. Why not have GROW bid for them, there's an even better discount there?
Posted at 22/2/2024 22:16 by riverman77
If CREI are so desperate to get API then make a better offer. As it stands SHED is the better offer as (based on current API share price) it gives access to SHED at a 30% discount to NAV, while CREI offer gives exposure to CREI at a 27% discount to NAV.

SHED also has a better portfolio in terms of rental growth prospects, albeit lower income than CREI (would happily sacrifice a bit of income for better growth so I would vote for SHED).
Posted at 21/2/2024 09:52 by nickrl
Let the offer lapse any further improvement will only damage CREI share price further.
Posted at 20/2/2024 21:03 by essentialinvestor
My impression - the investment manager is shocked by the CREI share price reaction post API merger proposal - CREI
highlighted their low NAV discount, re the wider sector, in recent results statements.

With this in mind, best guess is the offer terms are final.
Posted at 09/2/2024 16:25 by nickrl
@EI i loaded up when CREI share price took a dive seemed too good an opportunity to get another covered high yielder in the portfolio.
Posted at 21/1/2024 10:33 by riverman77
Specto, you're assuming the market was completely rational and correct in giving one trust a 40% discount and the other a 15% discount. The difference probably just reflects the perception of the qualities of the 2 managers, not because the API properties are inferior and worth less. If that is the reason then it should no longer be relevant since CREI will assume management.

Discounts often become entrenched for no logical reason. Putting the discounts aside, CREI are getting a decent portfolio of properties for a 25% below NAV, plus the benefits of scale which should lead to a better share price rating over time (lower costs, cheaper finance, better liquidity and more demand from wealth managers who increasingly won't look at anything below 1bn)
Posted at 20/1/2024 09:06 by riverman77
Never really looked at CREI before as always on tight discount but could be interesting at these levels. People too focused on the wide discount of API, but it is actually a decent portfolio and no particular reason it should trade on a different discount to CREI (other than that perhaps concerns over the management, who of course will be replaced once the deal goes through). Ultimately CREI will be getting a portfolio of properties at a good discount, while also increasing their scale which should lead to an improved share price rating. Intend to take a closer look at the CREI portfolio over the weekend.
Custodian Property Incom... share price data is direct from the London Stock Exchange

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