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
  +0.20p +0.16% 121.80p 121.40p 121.80p 121.80p 121.60p 121.60p 176,841 08:15:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 34.8 32.4 8.9 13.7 479.71

Custodian REIT Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
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
28/9/2017
14:43
There is a detailed report by Cliff Weight on Custodian Reit who attended our London seminar on the 13th September, which can be found in our members area here: hTTps://www.sharesoc.org/members-area/ ShareSoc full members can download Stockopedia reports, presentations from all of the companies that presented at this seminar, and this report from Cliff Weight on proceedings from our members area To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps://www.sharesoc.org/membership/ Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://www.sharesoc.org/contact-us/
sharesoc
25/8/2017
15:07
Custodian REIT present at our London growth company seminar coming up on the 13th September hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-london-13-september-2017/ It may be of interest to potential investors and current shareholders. There will be a chance to ask questions and is a great opportunity to network with fellow investors at the event.
sharesoc
08/8/2017
14:41
PCA currently the pick of the bunch in share price performance; though this is after CREI drops back from its June spike: free stock charts from uk.advfn.com
skyship
28/7/2017
10:31
You've got to admire the management team at CREI, who are still managing to issue stock at a near 10% premium to the underlying NAV. Why any institution is prepared to buy a non-specialist property investment company at such a premium is beyond my comprehension, even on a prospective 5.6% yield. A slight sense of reality setting in on the share price as it drifts back to 114.5p. ========================================================================== Issue of equity Custodian REIT (LSE: CREI), the UK commercial real estate investment company, announces that to satisfy continued investor demand, 3,500,000 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 114.25 pence per share, raising GBP3,998,750 (before costs and expenses).
skyship
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
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