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Custodian REIT

Custodian REIT 'offering one of the safest dividends in the REIT sector

Capital Network's Ed Stacey spoke to Andrew Scott after Custodian REIT PLC (LON:CREI) issued its quarterly NAV (net asset value) update for the three months ended September 30,  on October 23.

The company reported a NAV total return per share of 2.3% for the period (NAV increase plus dividend approved), and a reduction in net gearing to 20.5% loan-to-value, from 21.0% on June 30.

Custodian acquired five new properties during the period with net initial yields of between 6.38% and 9.79%.

Quick facts: Custodian REIT

Price: £1.17

Market: LSE
Market Cap: £478.18 m
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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