Proactive analyst Ed Stacey presents his analysis on Custodian REIT PLC (LON:CREI). The company recently announced an additional dividend for the last quarter, a ‘bonus’ dividend which as Ed explains takes the FY dividend to 5p, 5%.
Last quarter the firm reported over 90% occupancy and 90% successful collection of rent.
Stacey believes some of the company strengths are that they are not exposed to the high street or shopping mall and that their focus on rental income ties in with focus on paying dividends.
Recent highlights include rent collections for the full year March 2021 are at 91%, measured as cash collection of rents due, net of contractual deferrals, occupancy remaining solid at 91.5% and their balance sheet gearing remains conservative at 24.9% loan-to-value.