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Custodian REIT ( (GB:CREI) ) just unveiled an update.
Custodian Property Income REIT announced the purchase of 24,405 ordinary shares at 78.0 pence each, as part of its ongoing share buyback program. This initiative, managed by Deutsche Bank AG, aims to enhance shareholder value by acquiring shares at a discount to the dividend-adjusted NAV per share, with a total of 4,735,407 shares purchased so far under the program.
Spark’s Take on GB:CREI Stock
According to Spark, TipRanks’ AI Analyst, GB:CREI is a Outperform.
Custodian REIT achieves a solid score due to stable financial performance, strong cash flows, and attractive dividends. The technical analysis suggests a neutral outlook, while recent corporate events reinforce the company’s growth strategy. However, challenges in profitability and declining equity warrant cautious optimism.
To see Spark’s full report on GB:CREI stock, click here.
More about Custodian REIT
Custodian Property Income REIT plc operates in the real estate investment trust industry, focusing on delivering strong income returns through a diversified portfolio of smaller regional properties across the UK.
Average Trading Volume: 550,426
Technical Sentiment Signal: Strong Buy
Current Market Cap: £370.5M
See more insights into CREI stock on TipRanks’ Stock Analysis page.