Custodian Property Income REIT (CREI) has published its Q125 NAV and trading update. With rental growth continuing, Q125 DPS (+9% vs Q124) is in line with the full year target of 6.0p and was fully covered. The dividend-driven quarterly NAV total return was 1.6%, while the share price yield is almost 8%. Property values appear to have stabilised and CREI expects a benefit from interest rate reductions.

08 Aug 2024
Custodian Property Income REIT - Positive outlook for further growth

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Custodian Property Income REIT - Positive outlook for further growth
Custodian Property Income REIT plc (CREI:LON) | 78.0 -0.2 (-0.3%) | Mkt Cap: 361.4m
- Published:
08 Aug 2024 -
Author:
Martyn King -
Pages:
2 -
Custodian Property Income REIT (CREI) has published its Q125 NAV and trading update. With rental growth continuing, Q125 DPS (+9% vs Q124) is in line with the full year target of 6.0p and was fully covered. The dividend-driven quarterly NAV total return was 1.6%, while the share price yield is almost 8%. Property values appear to have stabilised and CREI expects a benefit from interest rate reductions.