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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Custodian Property Income Reit Plc | CREI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 0.65% | 77.70 | 16:35:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 79.80 | 76.70 | 79.80 | 77.70 | 77.20 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 07/10/2024 | Interim | GBP | 0.015 | 17/10/2024 | 18/10/2024 | 29/11/2024 |
| 01/07/2024 | Interim | GBP | 0.015 | 11/07/2024 | 12/07/2024 | 30/08/2024 |
| 01/05/2024 | Interim | GBP | 0.01375 | 09/05/2024 | 10/05/2024 | 31/05/2024 |
| 01/05/2024 | Special | GBP | 0.003 | 09/05/2024 | 10/05/2024 | 31/05/2024 |
| 05/01/2024 | Interim | GBP | 0.01375 | 18/01/2024 | 19/01/2024 | 29/02/2024 |
| 18/10/2023 | Interim | GBP | 0.01375 | 26/10/2023 | 27/10/2023 | 30/11/2023 |
| 10/07/2023 | Interim | GBP | 0.01375 | 20/07/2023 | 21/07/2023 | 31/08/2023 |
| 27/04/2023 | Interim | GBP | 0.01375 | 11/05/2023 | 12/05/2023 | 31/05/2023 |
| 02/02/2023 | Interim | GBP | 0.01375 | 09/02/2023 | 10/02/2023 | 28/02/2023 |
| 05/10/2022 | Interim | GBP | 0.01375 | 13/10/2022 | 14/10/2022 | 30/11/2022 |
| 11/07/2022 | Interim | GBP | 0.01375 | 21/07/2022 | 22/07/2022 | 31/08/2022 |
| 04/05/2022 | Interim | GBP | 0.01375 | 12/05/2022 | 13/05/2022 | 31/05/2022 |
| 31/01/2022 | Interim | GBP | 0.01375 | 10/02/2022 | 11/02/2022 | 28/02/2022 |
| 04/11/2021 | Interim | GBP | 0.0125 | 11/11/2021 | 12/11/2021 | 30/11/2021 |
| 27/07/2021 | Interim | GBP | 0.0125 | 05/08/2021 | 06/08/2021 | 31/08/2021 |
| 07/05/2021 | Interim | GBP | 0.005 | 20/05/2021 | 21/05/2021 | 30/06/2021 |
| 04/05/2021 | Interim | GBP | 0.0125 | 13/05/2021 | 14/05/2021 | 28/05/2021 |
| 02/02/2021 | Interim | GBP | 0.0125 | 11/02/2021 | 12/02/2021 | 26/02/2021 |
| 28/10/2020 | Interim | GBP | 0.0105 | 05/11/2020 | 06/11/2020 | 30/11/2020 |
| 30/07/2020 | Interim | GBP | 0.0095 | 06/08/2020 | 07/08/2020 | 28/08/2020 |
| 09/04/2020 | Interim | GBP | 0.016625 | 23/04/2020 | 24/04/2020 | 29/05/2020 |
| 16/01/2020 | Interim | GBP | 0.016625 | 30/01/2020 | 31/01/2020 | 28/02/2020 |
| Top Posts |
|---|
Posted at 09/12/2024 18:08 by nickrl @Nexus oh yes I overlooked Cross is the key mgr in CREI so my comments aren't relevant and have amended. |
Posted at 08/12/2024 18:45 by nexusltd @nickrl re:#403. Thank you for your comments on H1 numbers. The vacant assets sold amounted to c. 2.5% by value of the portfolio; that ought to reduce ongoing property costs. Gearing reduced to 28.5%, nearing their 25% target. RCF repayment of 5mn will reduce interest bill by c. 320k. Divi target FY24 >6.0p, up from FY23 5.8p. Regarding the management of CREI, my understanding is that Mattioli resigned as NED from the CREI board, but remains as Chair of CREI's manager, Custodian Capital Limited. The two key executives of Custodian Capital Limited, MD Richard Shepherd-Cross and FD Ed Moore are unchanged. Thus I have no concerns. Richard is the co-founder and principal driver of Custodian Capital Limited. CREI was originally seeded with assets from Mattioli Woods' clients. Like you I bought CREI soon after the announcement of the proposed merger with API. |
Posted at 08/12/2024 17:20 by nickrl At the cash level things dont look as rosy. NRI was barely up although they have sold on a few assets but bottom line income was flattered by a hefty dilapidations payment worth 4% extra. Then we have an big increase in unrecoverable property costs not explained in the report but maybe with the three big vacant properties out of the portfolio gone this will reduce down. Positively rent roll is up nearly 5% so that supports the divi going forward.What hadn't spotted till the report is Mattoli is no longer running the REIT and he has been a big driver of this so one hopes his style will be followed by whoever replaces him. Edit: not relevant see update from @Nexus below Piled in here when the share price got trashed over API merger so will hold for the time being but should have top sliced when it recovered so well a few mths back. |
Posted at 05/12/2024 09:27 by petewy Interim results look good: dividend up. |
Posted at 11/11/2024 11:23 by nexusltd @nickrl Re debt increase FY25Q1 to FY25Q2 of +6mn .- Capex 2.2mn was covered by disposal proceeds. - The +6mn could be due to cashflow timing issues, e.g. payment of divi v. receipt of rent. - The 174.0mn is not net debt. Cash in hand is not disclosed. - The granularity of full reporting (6 months) FY24 annual report to FY25H1 is unlikely to detail the QoQ changes in net debt; we will be none the wiser. Hope this helps. |
Posted at 08/11/2024 14:15 by nickrl @marktime passing rent continues to grow modestly qtr on qtr and by my reckoning ought to allow a sub 5% divi increase given a couple of lease events which have happened post period. Debt has crept up +6m despite some asset sales and not clear why as they only report 2.2m on capex. Have to say ive always liked the transparency here on individual assets.Anyhow as I like to see the qtrly report before i decide on whether to reinvest the last qtrs divi have no compunction here and nice that share price has dropped back. |
Posted at 08/11/2024 12:38 by marktime1231 I thought that was a solid update, income and debt cost matching each other to make sure the dividend is just covered. Good to see NAV stabilising, hope they are right we have seen the bottom of the cycle. A pity then that the share price has faded back, presumably on macro rather than specific to CREI.A lot of detail in the report, not sure what is worth noting. A small but positive amount of asset recycling. Anything else? |
Posted at 17/9/2024 08:07 by cwa1 Modest but in-line at least office sale:-17 September 2024 Custodian Property Income REIT plc (“Custodian Property Income REIT” or the “Company” Disposal of Property Custodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the disposal of a vacant office unit in Castle Donington for £1.75m, in line with the 30 June 2024 valuation, having acquired the property as part of a portfolio in June 2016. Commenting on the disposal, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited, said: “Following the exit of the tenant at lease expiry, substantial refurbishment would be needed to secure a new letting and maintain the rental level which we did not believe would be cost effective. The sale demonstrates the continued demand for smaller lot sized regional assets, particularly from owner occupiers, and we expect to use the sale proceeds to repay variable rate debt, which aligns to our strategy of providing shareholders with strong income returns.” |
Posted at 16/9/2024 07:25 by spectoacc I like CREI, but never bought the lows in my own a/c. Just sold out in some a/c's of family members, because it's had a good run & the discount has come back, & got tempted to bank profit.But interesting thing was how far inside the spread - eg 85.67 to sell when 85/85.9. |
Posted at 01/7/2024 22:01 by hugepants Custodian Property Income REIT plcInterim dividend Custodian Property Income REIT (LSE: CREI), which seeks to deliver an enhanced income return by investing in a diversified portfolio of smaller, regional properties with strong income characteristics across the UK, confirms its first quarterly interim dividend for the financial year ending 31 March 2025 of 1.5 pence per share, to be paid on 30 August 2024 to shareholders on the register on 12 July 2024, will be designated as a property income distribution (“PID”). |
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