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Share Name Share Symbol Market Type Share ISIN Share Description
Custodian Reit Plc 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
  +0.00p +0.00% 118.20p 118.00p 118.60p 118.80p 118.00p 118.20p 116,742 14:25:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 40.0 23.6 6.0 19.7 481.00

Custodian Reit Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
23/6/2019
17:36
CREI still continuing to confound logic on a 9.6% PREMIUM and 5.1% yield; yet still managing to issue new equity at that premium. IMO the sector's current Best Buy might be AEWL @ 77p. They announced a Strategic Review back in early April; essentially they lack the scale to continue as an independent operation, so a trade sale looks to be the likely outcome. See my today's post on the Commercial Property thread - link below. Interestingly, they could be a useful buy for CREI (First suggested by BusyBumbleBee over on LemonFool) who seem to share the same Sector profile. https://uk.advfn.com/cmn/fbb/thread.php3?id=29245091
skyship
25/4/2019
09:24
Still at a 4.6% premium to the stalled NAV of 108p. The yield of 5.8% is good, but by no means exceptional for a REIT. The share price of 113p likely to continue to drift as an NAV premium remains an absurdity. No point in banking a nice yield if you face a gradual erosion of capital value - see the 2yr chart in the Header above! Best yield buys in the sector are the following IMO: # AEWU - 92p - Yld 8.7% - NAV Disc. = c8% # HCFT - 900p - Yld 5.83% - NAV Disc. = c25% # RGL - 105.5p - Yld 7.63% - NAV Disc. = c9% Average Yld = 7.39%
skyship
12/10/2018
14:33
Reality check finally setting in here, as they trade back to 115p. Even if the 30th Sept. NAV advances to 110p, they will still be on a near 5% PREMIUM; so IMO further weakness likely. Best of the pack remains RGL @ 99p where the prospective end'18 NAV discount and yield = 17% & 8.1% respectively. NB: I switched allegiance from RLE due to RGL's far better asset management and sector allocation; also due to the fact that RGL was a market anomaly as fellow propco CIC liquidated their small holding acquired from a property portfolio sale nearly 2yrs ago.
skyship
28/9/2018
09:21
Sale brochure - https://media.rightmove.co.uk/170k/169838/72743231/169838_2032791_DOC_01_0000.pdf
sleepy
27/9/2018
10:42
They certainly seem to have got this one at a very good price: ============================================================= The Company has acquired Foundry House, a 26,051 sq ft office building within Riverside Exchange, an established office location on the northern edge of Sheffield city centre adjacent to the inner ring road. The property is let to the Secretary of State for Communities and Local Government operating branches of the Home Office and the Health and Safety Executive on two leases expiring on 30 June 2022, with aggregate passing rent of GBP371,299 per annum reflecting a net initial yield[1] of 9.79%. The agreed purchase price of GBP3.56 million was funded from the Company's existing debt facilities, resulting in net gearing[2] increasing to 23.1% loan to value.
skyship
05/6/2018
09:24
Final Results - HTTPS://www.investegate.co.uk/custodian-reit-plc--crei-/eqs/custodian-reit-plc---final-results/20180605070010EQSWZ/ Custodian REIT (LSE: CREI), the UK commercial real estate investment company, today reports its final results for the year ended 31 March 2018. Financial highlights and performance summary > NAV per share total return1 of 9.6% (2017: 8.5%) > EPRA2 earnings per share3 of 6.9p (2017: 6.6p), basic and diluted earnings per share of 8.9p (2017: 8.1p) > Portfolio value of £528.9m (2017: £418.5m4) > Profit after tax up 34% to £32.4m (2017: £24.2m) > £54.7m5 of new equity raised at average premium of 11.1% to dividend adjusted NAV > 2019 target dividend per share increased to 6.55p (2018: 6.45p) > £106.3m6 invested in 20 acquisitions, one ongoing pre-let development and one significant refurbishment > £8.8m valuation uplift from successful asset management initiatives, £5.7m net valuation increase7 > £1.6m profit on disposal of five properties for an aggregate consideration of £11.3m
speedsgh
25/4/2018
19:46
decent post no.74
neilyb675
25/4/2018
19:07
Some interesting points but I can't see any mention of costs or divi cover. CREI, MKLW & RLE all have a covered divi which is good to see but have a look at the accounts and you will see that the cost structure is much higher at RLE. This is why they have to run higher leverage to generate their yield. so CREI and MKLW are higher quality and deserve to be more expensive than RLE. Whether the current difference is too much or too little is another matter. And which you prefer may depend on your investing style.
jombaston
24/4/2018
20:16
BRCI BRWM CREI EGL HICL MCT NCYF TRIG some at premium, some at discount......I don't cry either way (unlike some)
neilyb675
24/4/2018
18:28
Neily - why so chippy? The explanation of your strange 68 above doesn't seem to ring true.
skyship
24/4/2018
17:32
Sky I was talking shares in general not this sector. If you don't like crei I'm sure you will find some friends somewhere else.
neilyb675
24/4/2018
17:15
Neily - sorry, but you're wrong. The vast majority of propcos stand at discounts. Would you care to provide a short list of those trading at an NAV premium? At the moment all I can think of is MKLW, or the occasional Income Propco at less than 2% premium. The big "Premium NAV" high-yielding stock in recent times was New River Retail (NRR); and they too were successful at issuing new shares at a substantial NAV premium. Finally the Market woke up to the overhead tap limiting capital progress; and the shares lost their premium and now trade at c.NAV, having been down to a c5% discount. The shares lost c20%! I'm not forecasting the same fate here; just that in 12months time you are likely to do better overall with a stock like RLE than CREI. I've made a note in my diary to report back in Apr'19.
skyship
24/4/2018
13:17
RLE loan to value 38.3% CREI just 21% These things are important for valuation purposes. A lowly geared comprop company with a 5.6% yield will remain attractive for some time I guess.
eezymunny
24/4/2018
13:11
there are loads of examples of shares that are trading at a premium or discount. You either buy or you don't buy. Simple. get over it
neilyb675
24/4/2018
13:08
CREI confounds again. Back up to 118p where the NAV PREMIUM is 10% and the yield 5.5%. Compared to, say, RLE @ 56p where the NAV DISCOUNT is 21% and the yield 6.25%. With the share price at this level we could well see another of those famous placings at a large NAV premium!
skyship
24/4/2018
12:44
In the absence of unforeseen circumstances, the Board intends to pay quarterly dividends to achieve a target dividend13 per share for FY19 of 6.55p (FY18: 6.45p, FY17: 6.35p). The Board's objective is to grow the dividend on a sustainable basis, at a rate which is fully covered by projected net rental income and does not inhibit the flexibility of the Company's investment strategy.
neilyb675
24/4/2018
10:39
Ex-div 1.6125p 26/4/18
neilyb675
20/2/2018
15:20
Link announces CEO interviewed in the February issue of What Investment magazine: http://www.custodianreit.com/news/
skyship
18/2/2018
11:05
Another 2m issued @ 114.5p - 1m on 9th & 1m on 14th Feb.
skyship
03/2/2018
16:13
....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.
skyship
26/1/2018
16:57
Dec'17 NAV @ 106p; yet CREI still manages to issue another 4m shares @ 115p - an 8.5% premium.
skyship
31/12/2017
16:47
CREI isn't my favourite in the new "Income" sector due to its NAV premium. Personally I prefer EPIC, RGL & RLE; but whichever, this interview explains exactly why I believe the sector to be safe for income and growth: http://citywire.co.uk/investment-trust-insider/news/why-brexit-wont-hurt-commercial-property-outside-london/a1079218?re=51469&ea=73866&utm_source=BulkEmail_Money_Weekly&;utm_medium=BulkEmail_Money_Weekly&utm_campaign=BulkEmail_Money_Weekly
skyship
14/12/2017
08:59
Remarkable - CREI manages to issue 3m shares at a 10% NAV premium and a 5.6% yield. Bearing in mind the pulling of the AVIVA Secure Income REIT yesterday, such a performance is rather bizarre. Just who are these investors prepared to buy a propco at a 10% premium? Certainly the few traders paying 117p+ at the moment will regret that decision.
skyship
13/12/2017
19:18
announces that to satisfy continued investor demand, 3,000,000 new ordinary shares of 1 pence each in the capital of the Company ("the New Shares") were issued today under its ordinary share block listing facility. The New Shares were issued at 115.25 pence per share, raising £3,457,500 (before costs and expenses).
neilyb675
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