Share Name Share Symbol Market Type Share ISIN Share Description
Custodian REIT LSE:CREI London Ordinary Share GB00BJFLFT45 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.87% 116.50p 115.50p 116.25p 116.75p 116.50p 116.75p 233,438 11:32:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 27.6 24.2 8.1 14.4 400.78

Custodian REIT Share Discussion Threads

Showing 51 to 72 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
06/6/2017
07:59
2018 target dividend per share increased to 6.45p (2017: 6.35p) _______________________________________ "I am pleased to report that Custodian REIT has continued to deliver strong shareholder returns with NAV per share total return of 8.5% (2016: 6.4%) for the year.  We invested a total of £105.0m on the completion of 25 acquisitions and one ongoing pre-let development, funded by £92.4m raised from the issue of new shares and £25m of new term debt.   "I anticipate that occupational demand combined with a limited supply of new development will continue to drive rental growth across regional markets, supporting a low vacancy rate and securing dividends and long-term capital growth for the Company's shareholders.   "The Company has met its target of paying an annual dividend per share for the year of 6.35p (2016: 6.25p, 2015: 5.25p), 101% covered by net recurring income.  Our objective is to grow the dividend on a sustainable basis at a rate which is fully covered by projected net rental income, and the Board is pleased to have increased the target dividend for the year ending 31 March 2018 by 1.6% to 6.45p per share."
neilyb675
14/5/2017
13:32
Thankyou - hope you'll join in!
skyship
14/5/2017
12:28
nice ramp ....
neilyb675
14/5/2017
12:20
An update on the comparative performances of the high yielding regional players. I’ve added in two other players – The Birmingham specialist Real Estate Investors (61p; 4.3% Yield; 7.9% NAV discount; £113m MCap) & the other small regional propco Palace Capital (360p; 5.0% Yield; 16.3% NAV discount; £89m MCap). This last is my short-term tip for a possible/likely 10% rise before or upon the Finals on 6th June – I’ve taken a position @ an average of c355p. Feb’17 Investor Presentation: http://palacecapitalplc.com/assets/files/Investor%20Presentation%20-%20February%202017.pdf May’17 Broker Research Note: http://allenbycapital.com/research/research-palace_21_2413309763.pdf free stock charts from uk.advfn.com
skyship
05/4/2017
13:43
RGL a recent poor performer; whereas the others still in a pack. Personally I've ducked out of EPIC at prices up to 107p+ - will look to buy back again when offered below 105p... free stock charts from uk.advfn.com
skyship
08/3/2017
15:34
I did consider PCA, skyship, but I went for RGL in the end. That yield is tasty.
lord gnome
08/3/2017
13:45
LG - Absolutely right to make the switch; though I think you should have gone for PCA rather then RGL, which I think made a poor acquisition with the CIC purchase...
skyship
08/3/2017
09:40
Just swapped out of CREI and into RGL. CREI above NAV, RGL below NAV. RGL offering higher yield. Higher LTV with RGL, but still looks to be a good deal and I regard the two as decent alternatives.
lord gnome
06/3/2017
17:46
good posts, gets us all thinking....
neilyb675
06/3/2017
17:38
HEY - since my post this morning we've added 33% to the sum of all knowledge on this thread - WELL, perhaps not that....but certainly to the volume!
skyship
06/3/2017
17:36
Cashflow is King - I would certainly agree with that, in all other than portfolio funds, ie ITs & Propcos...
skyship
06/3/2017
17:03
Hmmm...they sound like the words of a property valuer who wants his fees! Cash flow is king IMHO!
eezymunny
06/3/2017
16:39
Eezy - the two main reasons for yield differential are the asset allocations across Geographical Region & Investment Sector (Offices/Retail/Leisure/Industrial).
skyship
06/3/2017
16:02
CREI yield here is about the same as PCA would be if PCA paid out same % cash flows as divis (it currently pays out a lower % so the yield is lower than CREI). Gearing at CREI is 25% but much higher at PCA (39% at last b/s). AEWU yields 8% here but would be more like 7.2% if fully covered and again has very low gearing 20% LTV. Would you prefer to own a 5% yielder with 39% LTV or a 7.2% yielder with 20% LTV? NAV's will presumably factor in quality of tenants, average outstanding lease etc but across a decent sized portfolio my experience says that's not such a big deal.
eezymunny
06/3/2017
15:42
Thanks all - just usual Market discrepancies I suppose; that and institutions trading Other People's Money. Still, contrast CREI NAV & Yield with that over at Palace Capital (PCA). I posted the story over on the CP+ thread today. Worth reading last month's Investor Presentation (link on that post) and noting the Yield of 5% and the 17% DISCOUNT. Personally I would never HOLD/BUY a propco trading at a premium; as it will inevitably trade to a discount in time.
skyship
06/3/2017
13:37
SKYSHIP - re your post #31. I note AEWU has also shot up recently & is now trading at 100.5p offer, a 5% premium to last quoted NAV of 95.62p. Maybe the sector is being bought?
speedsgh
06/3/2017
12:53
Twas ex divi on 19 Jan
eezymunny
06/3/2017
12:47
We are due a divi at the end of the month, so we will have an ex-div coming up. That should peg the share price back a touch, but nothing drastic.
lord gnome
06/3/2017
12:41
As I've said many times SKYSHIP, NAV is just an estimate constructed by a valuer. It's interesting but not even 1% as meaningful as cash flow and what dividends those cash flows can afford. CREI yields c. 5.6% at 113p and is very lightly geared. So long as buyers find that yield interesting then I guess they'll continue to buy. UK 10 yr gilts yield 1.2%. I know which I'd rather own, given the state of UK Guv finances!
eezymunny
06/3/2017
12:08
No idea, Skyship, but I am staying with it for now.
lord gnome
06/3/2017
11:48
Hmm...I certainly read this one wrong; but can anyone explain just why these should stand at a 10% PREMIUM to underlying NAV!? They look absurdly over-valued...
skyship
26/1/2017
16:55
Credit where credit is due - the BoD of CREI demonstrate both chutzpah and skill as they manage to convince another institution to pay 106.3p for 7m propco shares with an underlying value of 101.9p! A 4.3% premium. Shares up to 109.5p, so looks like a good selling opportunity.
skyship
Chat Pages: 3  2  1
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