viewCustodian REIT

Custodian Reit results show increased fully-covered dividend

Proactive analyst Ed Stacey explains why Custodian REIT (LON:CREI) remains one of the best dividend/yield plays in the UK market going into 2020. Interim results indicate that their dividend is backed by net income from rental income.
Stacey runs through how Custodian REIT manages funds, how they borrow and how they seem to have the knack of choosing properties in the right sectors.
News here too on Custodian extended its revolving credit facility from £35mln to £50mln with the interest rate margin above three-month London interbank offered rate (LIBOR) reduced from 2.45% to between 1.5% and 1.8%. This low funding cost is partly a reflection of Custodian’s prudent level of balance sheet gearing, Stacey says.

Click here to read Ed Stacey's latest research note: Custodian REIT - Diverse portfolio still paying dividends

Quick facts: Custodian REIT

Price: 85.3 GBX

Market: LSE
Market Cap: £358.31 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Custodian REIT named herein, including the promotion by the Company of Custodian REIT in any Content on the Site, the Company receives from...



Custodian REIT continuing to outperform and has hopes of restoring dividend...

Proactive Research analyst Ed Stacey says shares in Custodian REIT PLC (LON:CREI) have recovered from their lows at the end of March and year-to-date they've been an outperformer versus the UK real estate sector. Stacey says 82% of rent is 'under control' while the balance sheet gearing is still...

on 23/6/20

2 min read