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 Shares Traded Last Trade
  -0.10 -0.11% 92.60 162,609 16:35:14
Bid Price Offer Price High Price Low Price Open Price
91.90 92.90 93.20 92.00 92.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 40.90 2.12 0.50 185.2 389
Last Trade Time Trade Type Trade Size Trade Price Currency
17:20:58 O 2,527 92.395 GBX

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Custodian Reit Daily Update: Custodian Reit Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker CREI. The last closing price for Custodian Reit was 92.70p.
Custodian Reit Plc has a 4 week average price of 88.60p and a 12 week average price of 84p.
The 1 year high share price is 113.20p while the 1 year low share price is currently 76p.
There are currently 420,053,344 shares in issue and the average daily traded volume is 343,404 shares. The market capitalisation of Custodian Reit Plc is £388,969,396.54.
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.
nickrl: CREI not my favourite REIT but manages to maintain a stable share price compared to its peer group has interims out today and you can't fault its level of transparency on its tenants. It helpfully provides a complete schedule as well as advising on tenants lost or at risk. NAV has previously been updated and whilst there rental collection rate looks reasonable at 88% against the contracted rent roll its more like 75% but at least they are clear about what is being deferred. Compared to others they have provided a hefty provision of around 16% of rent roll over above agreed deferments. They are also benefiting to the tune of 3.5m for HMRC payments that can be deferred til Mar 21. They are keeping a lid on admin and director costs but voids have crept up. Lower dividend is 120% covered on cash and yields 4.8% on current share price Should be scope for another small increase but will be a while before it gets back to its previous levels. Doubt they will issue shares at premia for a while either but another one if it goes 5% threshold might tempt me.
pharmaboy3: Skyship.Do you own shares in CREI?If not, then why are you on this BB.Please find below a quote from a senior member of the group."Nothing fundamentally has changed, but we believe some large funds have included us in their allocations/index - which happens as we become more and more established. In doing so, they have heightened demand and increased the share price. "
skyship: CREI has always been ridiculously over-priced versus its peers; and may still be so. An 8% discount and a 4%-5% yield (who knows!) suggests that the support line may well crack. It is already below the 50day SMA, so 80p beckons... free stock charts from
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!!)
pharmaboy3: I was "verbally "informed 2 weeks ago,15% with a very upbeat view.You obviously know your stuff.As you can guess, from my nom de plume I'm more pharma BUT have very sizeable holding in CREI in my SIPP .
nickrl: Pharmaboy retail is 33% according to latest factsheet but not all dodgy tenants but concur they have a reasonable portfolio spread but tables are turned in favour of tenants. We saw behaviour of some of the bigger retailers (Boots/Superdrug/JD Sports) over March qtr and the fact that the govt has now extended moratorium on rental recovery to end Sept why pay any rent and cede advantage to your competitors will be an option for everybody but hopefully CREI have recognised this risk and been proactive. There lowered divi needs them to maintain c70% collection levels to be sustainable and thats paying just over 3% for ongoing capital risk. share price needs to be lower for me although i suspect industrials will become the 'must have' asset so will act as a counterbalance on NAV potentially so will be interested at 80p.
nickrl: Despite my comment yesterday they've put out a reasonable C19 update confirming 67% rent collected with another 5% "to be received shortly". Further goes on to say " a number of tenants move from quarterly in advance to monthly in advance rent payments, or defer the March quarter's rent with a full recovery over the next 12 months. Some tenants have yet to agree a payment profile, but the Investment Manager remains in active discussion with over 40 tenants to agree payment plans for the balance of outstanding rent, which remains contractually due". Will pay declared dividend 1.6625p per share on 29 May 2020 and says will pay another 1.5p over first half of 2021 after then looks like it will be based on whats coverable by rental receipts. This at least goes further than others have done and leaves an escape route of if things don't improve. No immediate pressure on debt til Sept 22 but lowish LTV of 35% compared to 22% at last valuation. As Sky says being priced at NAV is too bullish in this market potentially but if its still able to pay a divi it will retain its halo in this negligible interest world but when the next lurch down comes in the broader market maybe worth a punt.
skyship: CREI never sold off as much as others; but have now rallied almost to their historic NAV level at c100p. Surely have to be sold at this level; though I suspect no-one holds in any event...
nickrl: Skyships thanks for that link very informative and saves me having to wade through reports!! I see CREI has low Z score which whilst not cheap still puts it at second from the top so maybe with its recent share price decline its beginning to approach the active watchlist threshold
Custodian Reit share price data is direct from the London Stock Exchange
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