Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Custodian REIT Plc
  6. News
  7. Summary
    CREI   GB00BJFLFT45

CUSTODIAN REIT PLC

(CREI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Custodian REIT plc : Purchase of Property

10/21/2021 | 02:01am EST

Custodian REIT plc (CREI) Custodian REIT plc : Purchase of Property 21-Oct-2021 / 07:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

-----------------------------------------------------------------------------------------------------------------------

21 October 2021

Custodian REIT plc

("Custodian REIT" or "the Company")

Purchase of Property

Custodian REIT (LSE: CREI), the UK property investment company, is pleased to announce a property purchase.

The Company has acquired a 28,601 sq ft industrial unit on Clifton Moor Industrial Estate, York, adjacent to York's northern bypass which connects to both the A1(M) and M62. The unit is occupied by Menzies Distribution Limited with a weighted average unexpired term to first break or expiry of 2.8 years.

The unit has a passing rent of GBP186,000 per annum, reflecting a net initial yield1 of 5.90%.

The agreed purchase price of GBP2.962 million was funded from the Company's existing debt facilities, resulting in net gearing2 increasing to 20.8% loan to value.

Commenting on the acquisition, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company's discretionary investment manager), said:

"We are delighted to have secured this logistics asset located on an industrial estate in high demand from occupational tenants due to its excellent location. This demand has led to strong evidence of increasing industrial rents, offering an accretive asset management opportunity."

1 Passing rent divided by purchase price plus assumed purchasers' costs.

2 Gross borrowings less cash (excluding tenant rental deposits and retentions) divided by last published property portfolio valuation.

-Ends-

For further information, please contact:

Custodian Capital Limited 
Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE Tel: +44 (0)116 240 8740 
                                                     www.custodiancapital.com 
Numis Securities Limited 
Hugh Jonathan/Nathan Brown  Tel: +44 (0)20 7260 1000 
                            www.numiscorp.com 
Camarco 
Ed Gascoigne-Pees Tel: +44 (0)20 3757 4984 
                  www.camarco.co.uk 

Notes to Editors

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 principally characterised by small lot sizes, with individual property values of less than GBP10 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 smaller lot size 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.

For more information visit www.custodianreit.com and www.custodiancapital.com.

-----------------------------------------------------------------------------------------------------------------------

ISIN:           GB00BJFLFT45 
Category Code:  ACQ 
TIDM:           CREI 
LEI Code:       2138001BOD1J5XK1CX76 
OAM Categories: 2.2. Inside information 
Sequence No.:   124844 
EQS News ID:    1242361 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1242361&application_name=news

(END) Dow Jones Newswires

October 21, 2021 02:00 ET (06:00 GMT)

All news about CUSTODIAN REIT PLC
11/30Custodian REIT Plc Reports Earnings Results for the Half Year Ended September 30, 2021
CI
11/03Custodian REIT Completes Takeover of Drum Income Plus REIT
MT
11/02Custodian REIT Divests $7 Million Car Showroom In UK
MT
11/02Custodian REIT announces the disposal of a property from its portfolio
PU
11/01Custodian REIT's Takeover of Drum Income Plus REIT Gets UK Court Clearance
MT
10/25CUSTODIAN REIT : Sells Car Showroom in England for $12 Million
MT
10/25An unknown buyer acquired 42,289 square feet car dealership located In Stockport from C..
CI
10/21CUSTODIAN REIT : acquires a 28,601 sq ft industrial unit on Clifton Moor Industrial Estate..
PU
10/20DRUM INCOME PLUS REIT : Shareholders Green-light $30 Million Takeover By Custodian REIT
MT
09/30CUSTODIAN REIT : Divests Seven UK Properties for $44 Million
MT
More news
Financials
Sales 2022 39,8 M 52,6 M 52,6 M
Net income 2022 74,3 M 98,3 M 98,3 M
Net cash 2022 152 M 201 M 201 M
P/E ratio 2022 5,72x
Yield 2022 5,43%
Capitalization 436 M 576 M 577 M
EV / Sales 2022 7,14x
EV / Sales 2023 6,65x
Nbr of Employees -
Free-Float 91,8%
Chart CUSTODIAN REIT PLC
Duration : Period :
Custodian REIT Plc Technical Analysis Chart | CREI | GB00BJFLFT45 | MarketScreener
Technical analysis trends CUSTODIAN REIT PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 0
Last Close Price 0,99 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Richard Shepherd-Cross Managing Director
Ed Moore Secretary & Finance Director
David Ian Hunter Independent Non-Executive Chairman
Alex Nix Assistant Manager-Investment
Matthew Wadman John Thorne Senior Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CUSTODIAN REIT PLC10.48%576
EQUINIX, INC.11.82%71 495
DIGITAL REALTY TRUST, INC.16.72%46 904
REALTY INCOME CORPORATION11.86%38 051
ALEXANDRIA REAL ESTATE EQUITIES, INC.13.71%31 405
SEGRO PLC45.26%21 882