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Custodian REIT ( (GB:CREI) ) has shared an update.
Custodian Property Income REIT has announced the disposal of two office buildings in Cheadle for a total of £6.9 million, with one property sold at valuation and the other at a 10% premium. The company aims to use the proceeds to repay variable rate debt, aligning with its strategy to provide strong income returns to shareholders, amidst limited future rental growth in the out-of-town office sector.
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 is a company that invests in a diversified portfolio of smaller regional properties across the UK, focusing on delivering strong income returns.
Average Trading Volume: 876,818
Technical Sentiment Signal: Strong Buy
Current Market Cap: £337.7M
See more insights into CREI stock on TipRanks’ Stock Analysis page.