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CREI Custodian Property Income Reit Plc

77.70
0.50 (0.65%)
03 Jan 2025 - 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
  0.50 0.65% 77.70 213,241 16:35:28
Bid Price Offer Price High Price Low Price Open Price
77.10 77.70 79.80 76.70 79.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 46.24M -1.5M -0.0034 -228.24 340.34M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:28 UT 24,757 77.70 GBX

Custodian Property Incom... (CREI) Latest News

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

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Date Time Title Posts
09/12/202418:08QUARTERLY YIELDING PROPERTY SHARE405

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

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

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Posted at 05/1/2025 08:20 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 77.20p.
Custodian Property Incom... currently has 440,850,398 shares in issue. The market capitalisation of Custodian Property Incom... is £342,099,909.
Custodian Property Incom... has a price to earnings ratio (PE ratio) of -228.24.
This morning CREI shares opened at 79.80p
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 08/11/2024 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 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 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 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

Custodian Property Incom... Frequently Asked Questions (FAQ)

What is the current Custodian Property Incom... share price?
The current share price of Custodian Property Incom... is 77.70p
How many Custodian Property Incom... shares are in issue?
Custodian Property Incom... has 440,850,398 shares in issue
What is the market cap of Custodian Property Incom...?
The market capitalisation of Custodian Property Incom... is GBP 340.34M
What is the 1 year trading range for Custodian Property Incom... share price?
Custodian Property Incom... has traded in the range of 63.80p to 88.70p during the past year
What is the PE ratio of Custodian Property Incom...?
The price to earnings ratio of Custodian Property Incom... is -228.24
What is the cash to sales ratio of Custodian Property Incom...?
The cash to sales ratio of Custodian Property Incom... is 7.4
What is the reporting currency for Custodian Property Incom...?
Custodian Property Incom... reports financial results in GBP
What is the latest annual turnover for Custodian Property Incom...?
The latest annual turnover of Custodian Property Incom... is GBP 46.24M
What is the latest annual profit for Custodian Property Incom...?
The latest annual profit of Custodian Property Incom... is GBP -1.5M
What is the registered address of Custodian Property Incom...?
The registered address for Custodian Property Incom... is 1 NEW WALK PLACE, LEICESTER, LE1 6RU
What is the Custodian Property Incom... website address?
The website address for Custodian Property Incom... is www.custodianreit.com
Which industry sector does Custodian Property Incom... operate in?
Custodian Property Incom... operates in the REAL ESTATE INVESTMENT TRUST sector

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