Strong leasing activity is supporting EPRA earnings and Custodian REIT (CREI) is on track to meet its FY23 DPS target of not less than 5.5p, fully covered. Despite the robustness of occupational demand and continued rent growth in many areas, capital values began to reprice to increased bond yields. We expect these trends to continue, with EPRA earnings and DPS progressing further while asset values and net asset value (NAV) decrease further.
28 Nov 2022
Custodian REIT - Robust EPRA earnings but decreased NAV
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Custodian REIT - Robust EPRA earnings but decreased NAV
Custodian Property Income REIT plc (CREI:LON) | 73.7 -0.1 (-0.3%) | Mkt Cap: 324.9m
- Published:
28 Nov 2022 -
Author:
Martyn King -
Pages:
9
Strong leasing activity is supporting EPRA earnings and Custodian REIT (CREI) is on track to meet its FY23 DPS target of not less than 5.5p, fully covered. Despite the robustness of occupational demand and continued rent growth in many areas, capital values began to reprice to increased bond yields. We expect these trends to continue, with EPRA earnings and DPS progressing further while asset values and net asset value (NAV) decrease further.