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An announcement from Custodian REIT ( (GB:CREI) ) is now available.
Custodian Property Income REIT has continued to execute its share buyback strategy, repurchasing 100,000 ordinary shares at 78.5 pence each for a total consideration of about £78,476, with the shares to be held in treasury. The transaction forms part of an ongoing, non-discretionary buyback programme operated by Deutsche Bank AG during closed periods, aimed at buying shares at a discount to dividend-adjusted NAV and thereby supporting earnings per share and capital efficiency for investors.
Under the programme, the company has now bought back 5,845,732 shares for £4.6m at an average price of 79.1 pence, representing an average 17.7% discount to dividend-adjusted NAV per share. Following the latest purchase, Custodian Property Income REIT holds 5,845,732 shares in treasury and has 488,216,789 ordinary shares in issue, modestly reducing the free float and potentially enhancing long-term returns for remaining shareholders through accretive capital management.
The most recent analyst rating on (GB:CREI) stock is a Buy with a £105.00 price target. To see the full list of analyst forecasts on Custodian REIT stock, see the GB:CREI Stock Forecast page.
Spark’s Take on CREI Stock
According to Spark, TipRanks’ AI Analyst, CREI is a Outperform.
The score is supported by attractive valuation (low P/E and high dividend yield) and positive technical trend signals (price above key moving averages with positive MACD). Financial performance is solid on cash generation and moderate leverage, but is held back by significant earnings volatility. Ongoing buybacks and dividends add incremental support.
To see Spark’s full report on CREI stock, click here.
More about Custodian REIT
Custodian Property Income REIT plc is a UK-listed real estate investment trust focused on generating strong income returns from a diversified portfolio of smaller regional commercial properties across the United Kingdom. The company targets income-oriented investors by investing in regional assets and managing its capital structure to enhance shareholder value.
Average Trading Volume: 465,722
Technical Sentiment Signal: Buy
Current Market Cap: £375.5M
See more insights into CREI stock on TipRanks’ Stock Analysis page.