Custodian REIT (LSE: CREI), the UK commercial real estate investment company, announces that to satisfy continued investor demand, 2,500,000 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 115.0 pence per share, raising £2,875,000 (before costs and expenses).
Following this issue, the Company's issued share capital comprises 375,353,344 ordinary shares.
- Ends -
For further information, please contact:
Custodian Capital Limited
Richard Shepherd-Cross / Nathan Imlach / Ian Mattioli MBE
Custodian REIT plc is a UK real estate investment trust, which listed on the main market of the London Stock Exchange on 26 March 2014. Its portfolio comprises properties predominantly let to institutional grade tenants on long leases throughout the UK and is characterised by properties with individual values of less than £10 million at acquisition.
The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund. By targeting sub £10 million lot size, regional properties, the Company intends to provide investors with an attractive level of income with the potential for capital growth.
Custodian Capital Limited is the discretionary investment manager of the Company.
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Capital Network's Ed Stacey gives his view on Custodian REIT's (LON:CREI) latest quarterly net asset value (NAV) update.
The release shows a NAV of £426.6mln, unchanged versus December 2018, and NAV total return per share of 5.9%.
Occupancy remains high at 95.9%.