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Pin to quick picksCust Prop Inc Share News (CREI)

Share Price Information for Cust Prop Inc (CREI)

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Share Price: 74.50
Bid: 74.20
Ask: 74.50
Change: -0.40 (-0.53%)
Spread: 0.30 (0.404%)
Open: 74.50
High: 74.70
Low: 74.10
Prev. Close: 74.90
CREI Live PriceLast checked at -
Custodian REIT is an Investment Trust

To provide shareholders with an attractive level of income together with the potential for capital growth from investing in a diversified portfolio of commercial real estate properties in the UK.

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TRADING UPDATES: Condor finishes drilling at La Mestiza open pit mine

Thu, 21st Oct 2021 14:45

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Condor Gold PLC - mine developer in Nicaragua - Completes 8,004 metres of infill drilling at the La Mestiza open pit mine in La India Project, Nicaragua. Drilling includes 96 diamond core drill holes. Says the La India project has an open pit mineral resource of 92,000 tonnes at 12.1 grams per tonne of gold. "The Mestiza vein set remains open down dip and along strike in both directions, has parallel veins identified by rock chip sampling and trenching and has the potential for further significant discovery," Condor adds.

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Gulf Marine Services PLC - Abu Dhabi-based provider of support vessels for offshore oil, gas and renewables industries - Wins new 12-month contract for E-class vessel with engineering, procurement, and construction client in the Middle East and North Africa. Says the contract begins at the end of December, following completion of the vessel's existing contract. Another client exercises a two-year option, committing an S Class Vessel for all of 2022 and 2023.

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Seneca Growth Capital VCT PLC - St. Helens, England-based investment firm - Net asset value per B share reaches 102.3 pence at October 15, up 11% from 91.8p at the end of 2020. An increase in the value of the B share pool's AIM-quoted investments causes this rise in NAV. Says this increase was offset by the impact of the ordinary running costs of the company.

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Altona Rare Earths PLC - mining exploration company - Agrees to acquire 51% stake in Chambe Rare Earths Project in Southern Malawi via a joint venture with Akatswiri Mineral Resources Ltd. Says the project is held under an exploration licence granted on September 9 and valid until September 6, 2024. The licence will be transferred to Akatswiri, who will run the project and receive 1 million Altona shares. Expects total cash expenditure of GBP200,000 for the purchase of Chambe.

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AEW UK REIT PLC - UK commercial property investor - Net assets total GBP174.3 million at September 30, up 2.7% from GBP169.7 million at June 30. NAV per share reaches 110.0p per share at September 30, compared to 107.11p at June 30. Reports receiving 89% of rent for the quarter beginning September 29. Sells Langthwaite Industrial Estate, South Kirkby for GBP10.8 million and Wella Warehouse, Basingstoke for GBP5.9 million. Declares interim dividend of 2.00 pence per share for the three months ended September 30. Says this is in line with the company's target annual dividend of 8.00p per share.

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Custodian REIT PLC - Leicester, England-based real estate investment trust - Buys industrial unit on the Clifton Moor Industrial estate in York for GBP2.96 million. Funds purchase with existing debt facilities. The unit covers 28,601 square feet, occupied by Menzies Distribution Ltd for annual passing rent of GBP186,000. This rent offers a net initial yield of 5.9%, the company says.

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Zambeef Products PLC - Zambia-focused cold chain foods and retail business - For the year ended September 30, expects adjusted pretax profit to be between 65% and 75% ahead of current market expectations, while revenue is set to be 10% to 12%, driven by sustained consumer demand for products despite rising costs, prices and a difficult operating environment.

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By Scarlett Butler; scarlettbutler@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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2 May 2024 13:49

UK dividends calendar - next 7 days

Friday 3 May 
Anglo American PLCdividend payment date
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BP Marsh & Partners PLCdividend payment date
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Monday 6 May 
no events scheduled 
Tuesday 7 May 
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Pinewood Technologies Group PLCspecial dividend payment date
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Volution Group PLCdividend payment date
Wednesday 8 May 
Melrose Industries PLCdividend payment date
Personal Group Holdings PLCdividend payment date
Thursday 9 May 
Admiral Group PLCex-dividend payment date
AG Barr PLCex-dividend payment date
Aurora Investment Trust PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Bank of Ireland Group PLCex-dividend payment date
Bellevue Healthcare Trust PLCex-dividend payment date
Braime Group PLCex-dividend payment date
Centaur Media PLCex-dividend payment date
Chenavari Toro Income Fund Ltdex-dividend payment date
Clarkson PLCex-dividend payment date
Coca-Cola Europacific Partners PLCex-dividend payment date
Custodian Property Income REIT PLCex-dividend payment date
CVC Income & Growth Ltd EUROex-dividend payment date
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Domino's Pizza Group PLCdividend payment date
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Tracsis PLCex-dividend payment date
Travis Perkins PLCdividend payment date
UIL Ltdex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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1 May 2024 11:29

Custodian Property maintains quarterly dividend

(Sharecast News) - Custodian Property Income maintained a fourth-quarter dividend of 1.375p, it confirmed on Wednesday, fully covered by its EPRA earnings per share of 1.5p.

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1 May 2024 11:20

Custodian Property Income gives mixed update amid rental growth

(Alliance News) - Custodian Property Income REIT PLC on Wednesday noted rental growth in the industrial sector but lamented a "hiatus" in improving inflation statistics.

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10 Apr 2024 10:08

IN BRIEF: Custodian Property Income sells car showroom for 15% premium

Custodian Property Income REIT PLC - real estate investment trust focused on UK commercial property - Sells vacant car showroom in Redhill, Surrey for about GBP2.4 million, a 15% premium to the December 31 valuation. Managing Director Richard Shepherd-Cross says: "Having initially considered refurbishing and reletting the asset, strong demand for the site from residential developers became apparent during the marketing period and disposing ahead of valuation to fund improvements to the remaining portfolio was deemed more accretive to shareholders."

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2 Apr 2024 12:57

Custodian Property Income sells two units for GBP15 million in total

(Alliance News) - Custodian Property Income REIT PLC on Tuesday said it has completed the sale of an industrial unit in Weybridge for GBP6.0 million.

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2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

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28 Mar 2024 11:55

LONDON MARKET MIDDAY: Stocks up as JD Sports surges, water firms down

(Alliance News) - Stock prices in London were up at midday on Thursday, shaking off some hawkish words from a US central banker and fresh number reiterating the UK entered a recession at the end of 2023.

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28 Mar 2024 09:52

CREI shares jump as API shareholders reject planned merger

(Alliance News) - Shares in Custodian Property Income REIT PLC on Thursday jumped after a planned all-share merger with abrdn Property Income Trust Ltd was thwarted.

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21 Mar 2024 20:03

TRADING UPDATES: CAP-XX raises funds; Shanta Gold dividend

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Mar 2024 19:47

EARNINGS AND TRADING: Ten Lifestyle sees profit up but sales flat

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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18 Mar 2024 19:20

TRADING UPDATES: Chariot mulls future of Transitional Power business

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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14 Mar 2024 16:10

Abrdn Property Income urges shareholders back "compelling" merger

(Alliance News) - Abrdn Property Income Trust Ltd on Thursday provided an update on the proposed all-share merger with Custodian Property Income REIT PLC.

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13 Mar 2024 14:29

Custodian amends terms and reaffirms commitment to abrdn merger

(Alliance News) - Custodian Property Income REIT PLC on Wednesday said that it believed the proposed merger with abrdn Property Income Trust Ltd had a "compelling strategic and financial rationale", as the pair agreed to extend the merger commitment date to Friday.

Custodian and abrdn are real estate investment trusts with a portfolio of properties in the UK.

In January, the pair agreed terms for an all-share merger, which would create a real estate investment trust with combined assets totalling GBP1.0 billion.

Per the agreement, abrdn Property Income shareholders will receive 0.78 new Custodian shares for each share in the company.

On Tuesday, Custodian reaffirmed its belief that the merger holds a "compelling strategic and financial rationale".

The company said that it would be waiving its one-off project fee in connection with the merger, which amounted to GBP350,000.

Custodian also announced a reduction in the management fees payable to its investment manager, Custodian Capital Ltd, for a period of two years following the merger's completion. This fee will now calculated as 0.75% of the combined group's net asset value less than or equal to GBP500 million, changed from 0.9% in respect of NAV up to GBP200 million and 0.75% up to GBP500 million.

Custodian said that thesee amendments "reinforce the financial rationale of the recommended merger and represents further alignment between CREI, Custodian Capital and the shareholders of the combined group".

Custodian urged abrdn shareholders to not take action regarding the separate offer by Urban Logistics REIT PLC for abrdn. In February, Urban Logistics offered abrdn shareholders 0.47 of its shares for each share in the company. Shares in Urban Logistics are currently flat at 118.00 pence each in London on Wednesday.

In a separate announcement, abrdn said that the deadline for Custodian to make a firm intention to continue with the merger or confirm that it does not want to participate in the scheme has been extended to Friday at 5pm. Both abrdn and Custodian have agreed to these terms.

Shares in Custodian were down 1.3% at 77.00 pence each. Shares in abrdn were down 0.2% at 55.00 pence each, both in London on Wednesday.

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 Feb 2024 09:21

Urban Logistics given March deadline for making API decision

(Alliance News) - Urban Logistics REIT PLC on Friday said it has until March 15 to "clarify its intentions" with abrdn Property Income Trust Ltd.

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22 Feb 2024 14:23

UK dividends calendar - next 7 days

Friday 23 February 
abrdn Asian Income Fund Ltddividend payment date
abrdn Property Income Trust Ltddividend payment date
Capital Gearing Trust PLCspecial dividend payment date
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Games Workshop Group PLCdividend payment date
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Hollywood Bowl Group PLCspecial dividend payment date
Impact Healthcare REIT PLCdividend payment date
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JPMorgan Global Core Real Assets Ltddividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
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Primary Health Propertiesdividend payment date
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Target Healthcare REIT PLCdividend payment date
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Monday 26 February 
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Tuesday 27 February 
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Wednesday 28 February 
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Thursday 29 February 
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Brunner Investment Trust PLCex-dividend payment date
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Compass Group PLCdividend payment date
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Diageo PLCex-dividend payment date
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