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EDISON INVESTMENT RESEARCH LIMITED (LON:KEFI) Custodian REIT (CREI): Good momentum through Q123

Directive transparence : information réglementée

31/08/2022 10:02

Edison Investment Research Limited
Custodian REIT (CREI): Good momentum through Q123

31-Aug-2022 / 09:02 GMT/BST


 

London, UK, 31 August 2022

 

Custodian REIT (CREI): Good momentum through Q123

Custodian REIT’s (CREI’s) Q123 report showed continuing strong performance, with like-for-like rental and capital value growth supporting a three-month total return of 3.2%. Capital growth has been strong in the past year, but it is CREI’s income-driven approach that has driven its consistent record of attractive returns. It is optimistic that this will continue, while any weakness in capital values may present opportunities for further income and dividend accretive growth.

 

The minimum 5.5p per share DPS targeted by CREI for FY23 represents an attractive yield of 5.2%, while our forecast for FY23 DPS growth exceeds CREI’s minimum target. The c 13% discount to the unaudited end-Q123 NAV per share compares with an average c 3% premium since IPO.


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All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Martyn King +44 (0)20 3077 5745 financials@edisongroup.com

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1432165  31-Aug-2022 

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