Custodian REIT Announces Dividend Growth

Custodian REIT (GB:CREI) has released an update.

Custodian Property Income REIT plc (CREI) has reported a robust fourth quarter with active leasing and asset management leading to earnings growth and a 9% target dividend increase for FY25, reflecting confidence in their portfolio’s income potential. The company’s strategic asset disposals have outperformed valuations, aiding in the reduction of variable rate borrowings and bolstering net asset value. CREI’s strong leasing activity and prudent debt levels have underpinned rental growth, with the company maintaining an interim dividend of 1.375p per share and announcing a special dividend for FY24.

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