Last checked at 
31 Aug 2022 09:03
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. Click here to view the full report or here to sign up to receive research as it is published.
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 Learn more at www.edisongroup.com and connect with Edison on: LinkedIn https://www.linkedin.com/company/edison-group-/ Twitter www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement. |
1432165 31-Aug-2022
corporate announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.