logo-loader
Custodian REIT

Custodian spots out of town retail disrupting on-line shopping trend

Custodian REIT PLC (LON:CREI) announces interim results as they notch up a net asset value (NAV) total return of 4.3% during 2018. Custodian's Richard Shepherd-Cross tells Proactive London how it's been another good six months for the company and dividends are being well covered. Successful asset management initiatives within their lettings portfolio plus acquisitions of out of town retail parks (despite them not being 'flavour of the month) have created Custodian's good fortunes this year. With trading conditions varying continuously, Richard says it's Custodian's job to look beyond the headlines which would have you believe no one would ever visit a shop again, and identify which property opportunities will best serve shareholders. After all, despite the received wisdom that on-line shopping is king, 82% of all retail sales are still in store, he says.

Quick facts: Custodian REIT

Price: £1.17

Market: LSE
Market Cap: £479.23 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Custodian REIT reports robust quarterly update - Capital Network analyst

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%. Custodian now...

on 1/5/19

2 min read