Custodian REIT (GB:CREI) has released an update.
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Custodian Property Income REIT plc (CREI) has announced a robust fourth quarter, sustaining its dividend level and signaling confidence with a special FY24 dividend and a 9% increase in the FY25 target dividend, indicative of strong leasing activity and rental growth. The company’s diversified UK property portfolio showed resilience with valuation stability, and ongoing asset sales have outperformed valuations, supporting debt reduction efforts. CREI’s strategic property management and disposal of non-core assets have led to improved occupancy rates and net asset value, positioning it for sustained earnings and dividend growth.
For further insights into GB:CREI stock, check out TipRanks’ Stock Analysis page.
