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Custodian Reit results show increased fully-covered dividend

Published: 05:02 17 Jan 2020 EST

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

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