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Custodian REIT
(LSE:CREI)
Custodian REIT (CREI) vs. iShares MSCI United Kingdom ETF (EWC)
Custodian REIT Business Overview & Revenue Model
Custodian REIT Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.94M | 49.74M | 46.24M | 44.15M | 39.89M | 39.58M |
| Gross Profit | 43.85M | 49.74M | 46.24M | 33.09M | 35.18M | 35.33M |
| EBITDA | 34.93M | 0.00 | 0.00 | 31.17M | 30.09M | 28.52M |
| Net Income | 50.89M | 38.16M | -1.50M | -65.82M | 122.33M | 3.75M |
Balance Sheet | ||||||
| Total Assets | 647.53M | 614.39M | 605.12M | 625.33M | 682.01M | 561.84M |
| Cash, Cash Equivalents and Short-Term Investments | 7.92M | 7.92M | 9.71M | 6.88M | 11.62M | 3.92M |
| Total Debt | 172.32M | 173.63M | 177.29M | 172.10M | 136.61M | 138.60M |
| Total Liabilities | 191.19M | 190.93M | 193.30M | 187.76M | 154.37M | 151.98M |
| Stockholders Equity | 456.33M | 423.47M | 411.82M | 437.57M | 527.64M | 409.87M |
Cash Flow | ||||||
| Free Cash Flow | 22.27M | 23.70M | 4.21M | 23.07M | 24.62M | 17.02M |
| Operating Cash Flow | 25.13M | 25.03M | 23.22M | 24.29M | 28.14M | 19.33M |
| Investing Cash Flow | -519.00K | 6.68M | -891.00K | -40.06M | 26.61M | -10.11M |
| Financing Cash Flow | -29.16M | -31.30M | -19.49M | 11.02M | -48.74M | -30.70M |
Custodian REIT Technical Analysis
Custodian REIT Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £59.97M | 4.85 | 10.22% | 8.23% | 8.48% | 207.85% | |
72 Outperform | £414.09M | 3.34 | 11.57% | 7.17% | 1.60% | 211.81% | |
71 Outperform | £167.24M | 9.16 | 7.37% | 7.43% | -10.95% | -30.09% | |
66 Neutral | £40.25M | 54.66 | 4.33% | 7.14% | -41.22% | ― | |
66 Neutral | £248.47M | 5.97 | 9.81% | 6.64% | ― | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | £415.72M | 6.81 | 7.51% | 5.15% | -3.98% | 412.08% |
Custodian REIT Corporate Events
Custodian Property Income REIT has acquired Grove Court Properties (Holdings) Limited, a £35.9m family-owned portfolio of seven mixed-use properties near the M25, adding about 6% to its annual rent roll. The assets, which are around 97% occupied and yield roughly 6.8%, feature a mix of motor trade, residential, leisure, offices and high street retail, with tenants including Vertu Motors, BP Collins and M&S Simply Food.
The deal, largely financed through new share issuance with additional cash consideration, is expected to enhance earnings per share, strengthen dividend cover and maintain net gearing at around 26%. By structuring the acquisition as a corporate purchase, Custodian avoided stamp duty land tax on the underlying properties, achieved cost efficiencies, broadened its shareholder base with the selling family and reinforced its strategy of consolidating diversified regional portfolios from family property companies.
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.
Custodian Property Income REIT reported that, over the period from 9 August 2025 to 8 February 2026, there were no securities issued or allotted under its existing general blocklisting scheme. As a result, the balance of unallotted securities under the scheme remains unchanged at 7,250,001, indicating no dilution for existing shareholders during the review period and signalling stable capital activity.
The most recent analyst rating on (GB:CREI) stock is a Buy with a £98.00 price target. To see the full list of analyst forecasts on Custodian REIT stock, see the GB:CREI Stock Forecast page.
Custodian Property Income REIT has sold Monteith House, a fully let office building on George Square in central Glasgow, for £6.0m, achieving a 24% premium to its 30 September 2025 valuation. Management cited the limited remaining lease term, uncertainty over tenant renewal and the need for significant future capital expenditure as reasons for exiting the asset now, using the disposal to crystallise value above book and to demonstrate ongoing investor demand for well-located office offices. The company plans to deploy the proceeds to repay variable rate debt, in line with its strategy of strengthening income returns for shareholders by reducing borrowing costs and recycling capital from mature assets.
The most recent analyst rating on (GB:CREI) stock is a Buy with a £98.00 price target. To see the full list of analyst forecasts on Custodian REIT stock, see the GB:CREI Stock Forecast page.
Custodian Property Income REIT plc has announced that its portfolio manager, Richard Shepherd-Cross, will host a live online investor presentation via the Investor Meet Company platform on 13 February 2026 at 11:00 GMT. The session, open to both existing and potential shareholders, is designed to enhance investor engagement by allowing participants to submit questions in advance or during the event, and is accessible free of charge to investors who register or already follow the company on the platform.
The most recent analyst rating on (GB:CREI) stock is a Buy with a £98.00 price target. To see the full list of analyst forecasts on Custodian REIT stock, see the GB:CREI Stock Forecast page.
Custodian Property Income REIT plc has declared its third quarterly interim dividend for the financial year ending 31 March 2026, setting a payout of 1.5 pence per share for the quarter ended 31 December 2025. The dividend, which will be paid on 27 February 2026 to shareholders on the register as of 16 January 2026 and designated as a property income distribution, underlines the REIT’s continued focus on providing regular income to investors from its diversified regional property portfolio.
The most recent analyst rating on (GB:CREI) stock is a Buy with a £93.00 price target. To see the full list of analyst forecasts on Custodian REIT stock, see the GB:CREI Stock Forecast page.
Custodian Property Income REIT has confirmed that, as at 31 December 2025, it had 459,257,410 ordinary shares in issue excluding treasury shares, forming the company’s total voting share capital. Including 5,745,732 shares held in treasury, the company’s overall share capital stands at 465,003,142 shares, with the published voting share figure to be used by investors in calculating whether they must disclose holdings or changes in holdings under UK regulatory transparency rules.
The most recent analyst rating on (GB:CREI) stock is a Buy with a £93.00 price target. To see the full list of analyst forecasts on Custodian REIT stock, see the GB:CREI Stock Forecast page.
Custodian Property Income REIT plc announced the purchase of 100,000 ordinary shares at 82.2 pence each, as part of its ongoing share buyback program. This move, executed independently by Deutsche Bank AG, aims to enhance shareholder value by acquiring shares at a discount to the dividend-adjusted NAV per share, reflecting the company’s strategic focus on optimizing capital allocation.
Custodian Property Income REIT plc has executed a share buyback, purchasing 150,000 ordinary shares at 82.5 pence each, as part of its ongoing buyback programme. This move is part of a larger strategy to purchase shares at a discount to the dividend-adjusted NAV, potentially enhancing shareholder value by reducing the number of shares in circulation.
Custodian Property Income REIT plc reported strong interim results for the period ending 30 September 2025, highlighting a 3.3% growth in EPRA earnings per share and a fully covered dividend of 6.0p per share. The company’s strategic asset management led to a 2.9% increase in NAV per share, supported by rental growth and successful lease renewals. The acquisition of the Merlin portfolio and profitable property sales have further strengthened the company’s financial position, while ongoing refurbishment initiatives and a share buyback program aim to enhance shareholder value. The company’s focus on real assets positions it well to protect investments against inflation and capitalize on future growth opportunities.
Custodian Property Income REIT plc has announced a share buyback, purchasing 150,000 ordinary shares at 81.0 pence each, totaling £121,511. This is part of a larger buyback program initiated in July 2025, which has seen the company acquire over 5.3 million shares at a significant discount to the dividend-adjusted NAV per share. The buyback aims to enhance shareholder value and optimize capital structure.
Custodian Property Income REIT plc announced the purchase of 150,000 ordinary shares at 81.4 pence each, as part of its ongoing share buyback program. This transaction is part of a strategy to manage share capital efficiently, potentially enhancing shareholder value by acquiring shares at a discount to the dividend-adjusted NAV per share.
Custodian Property Income REIT plc announced the purchase of 160,325 ordinary shares at 82.0 pence each, as part of its ongoing share buyback program. This transaction, executed under a non-discretionary program managed by Deutsche Bank AG, contributes to the company’s strategy of enhancing shareholder value by acquiring shares at a discount to their dividend-adjusted net asset value.
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.
Custodian Property Income REIT plc has announced the purchase of 37,225 ordinary shares at 79.0 pence each, as part of its ongoing share buyback programme. This transaction, executed under a non-discretionary programme managed by Deutsche Bank AG, reflects the company’s strategy to manage its capital efficiently and potentially enhance shareholder value by acquiring shares at a discount to the dividend-adjusted NAV per share.