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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
|
|
|---|---|---|---|---|
| 0.40 | 0.52% | 77.50 | 10:29:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 79.80 | 77.50 | 79.80 | 77.10 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Top Posts |
|---|
Posted at 15/2/2024 12:44 by raj k Does anyone know why you cant buy CREI on Interactive Investor? It comes up on their mobile app as no regulatory docuemtns. Has anyone been able to buy on phone or is it a no go with them? |
Posted at 12/2/2024 09:28 by hugepants The institutional investors would have to be bonkers to vote this through imo. |
Posted at 19/1/2024 11:36 by spooky Not sure the posts on this make much sense. The implication in posts above is that CREI is a 'good' REIT, a thought primarily driven by the lower discount to NAV. API on the other hand is a 'bad' REIT because of its significantly higher discount. On that basis i would assume that the market has a positive view on CREI management. They have undoubtedly looked closely at API and have concluded that there is merit in the combination. They could have struck a deal with a number of alternatives but they have chosen API. CREI will be acquiring assets at a circa 25% discount and will benefit from a number of cost saving synergies. I think the deal makes compelling sense for both parties and 20 years ago would have been backed enthusiastically by pension funds. Unfortunately, there no longer appear to be any long term investors in the UK market. Backing management doesn't appear to be on the agenda anymore. |
Posted at 17/6/2023 11:06 by skyship Eezy - this is that 1st para:>"The commercial property sector can provide rich pickings for VALUE investors prepared to spend a little time analysing the principal metrics of Yield, NAV discount and LTV; then delving into the detail of financing, tenant mix, lease lengths, sector spread, geographical spread." So what piece do you not understand of LTV & financing? Then why do you go on to rant against the qualified valuers? "it´s important to look MUCH deeper than some valuation from a thicko property valuer" !!! I suspect they know a lot more about the commercial real estate market than the both of us; and anyone else posting here... |
Posted at 17/6/2023 10:00 by pharmaboy3 Your posts always seem negative. I assume you're not invested in CREI, so why bother sharing?I bought in at 104p ,from float.the 12% reduction has been more than offset by the £250k divis I've received since launch.I'm definitely not an expert in this area, but the people who run the business are trustworthy, hardworking folk.They constantly upgrade the properties wrt ESG They also oversee a Private Investor Club,giving high net worth individuals a chance to invest in more high-risk opportunities. Most of which have been successful. Please remember they are also backed by Mattioli Woods,whose culture is fully aligned with CREI. |
Posted at 21/11/2021 20:39 by hugepants fyi there's a recent article from Proactive investors which includes a link to a pdf documentThe are estimating LTV rising to 20% to include the effects of the DRIP acquisition. The DRIP portfolio adds about 10% to the portfolio value. DRIP portfolio is about 50% offices with remainder split between retail w/house, other and industrial. So overall office exposure rises to about 15% but is still low. Industrial and retail warehouse will account for about 65% of the portfolio. Dividend next year is 5.5p so forward yield of 5.8% and now an a double digit discount of 11%. At this price I think this is no one of the more attractive REITS. It's certainly one of the bigger ones with a £0.4 billion market cap. |
Posted at 06/5/2021 10:31 by nickrl CREI another one now trading above par although it generally did till 15 months ago seemingly able to seduce investors to buy into every share offering at a premium.Yesterdays RNS confirms a modest uptick in NAV to 97.6 primarily from the industrial assets offset by the other sectors. Divi remain unchanged but let see at final results what they say albeit this is a pretty comprehensive FY21 update. Occupancy down 4.4% to 91.5% and along with other rental collection challenges thats caused a 10% reduction in rent translating into a 20% reduction in EPRA from 7p to 5.6p but covers divi but not much scope to increase it from here me thinks. Edit: 24hrs on from writing this CREI have managed to issue 550k new shares at 101.5p |
Posted at 02/2/2021 13:51 by nickrl CREI NAV update out today up a modest 95.2 > 96.4 and the divi is uplifted from 1.05p to 1.25p with intention to at least at that rate till Mar 22.Rental collection looks reasonable at 96% for Q3 and 79% for Q4/21 so far and modest improvement on the position at Q3 of 74%. Plenty of asset mgt updates but omits giving previous rates to compare but one can infer I guess from the valuation increases they report on most assets that its been positive. Yields 5.4% on todays share price This one hasn't had the volatility of some others in this sector and I wonder whether thats due to investor base being diversified through all the share placings it was making over previous years. |
Posted at 24/6/2020 16:49 by nickrl Interview with CREI posted on proactive investors[...] Haven't given any rent away (yet) and expect to recover it in future qtrs. Pretty plain talking and worth 13mins of your time (or turn up the playback speed!!) |
Posted at 03/2/2018 16:13 by skyship ....and then on 1st Feb'18 they issue another 1.5m @ 115p - "to satisfy continued investor demand".The investors' fate surely reflected in the recent performance of NRR - they too were a wunderkid issuing stock at a premium; but eventually common-sense and gravity prevails! 110p looks likely pretty soon...but I suspect no-one still holding here; so no matter. |
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