Custodian REIT PLC (GB:CREI)
LSE:CREI
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Custodian REIT
(LSE:CREI)
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Rating:72Outperform
Price Target:
100.00 p
▲(19.47% Upside)
Action:ReiteratedDate:12/30/25
The score is supported by attractive valuation (low P/E and high dividend yield) and positive technical trend signals (price above key moving averages with positive MACD). Financial performance is solid on cash generation and moderate leverage, but is held back by significant earnings volatility. Ongoing buybacks and dividends add incremental support.
Positive Factors
Diversified UK property portfolio
Custodian’s portfolio covers multiple UK regions and sectors (industrial, logistics, retail, offices) with smaller-lot assets. That cross-sector and regional diversification supports recurring rental income, lowers single-market concentration risk, and improves resilience across property cycles.
Negative Factors
Earnings volatility
Net income has swung materially across years (large profit 2022 → large loss 2023 → loss 2024 → strong profit 2025). Such volatility undermines confidence in repeatable distributable earnings, complicates dividend planning and highlights sensitivity to valuation or one-off items.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified UK property portfolio
Custodian’s portfolio covers multiple UK regions and sectors (industrial, logistics, retail, offices) with smaller-lot assets. That cross-sector and regional diversification supports recurring rental income, lowers single-market concentration risk, and improves resilience across property cycles.
Read all positive factors
Custodian REIT (CREI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£423.60M
Dividend Yield7.17%
Average Volume (3M)557.21K
Price to Earnings (P/E)3.3
Beta (1Y)0.86
Revenue Growth1.60%
EPS Growth211.81%
CountryUK
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.01
Shares Outstanding488,016,780
10 Day Avg. Volume554,689
30 Day Avg. Volume557,214
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.79
Price to Sales (P/S)6.70
P/FCF Ratio14.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Custodian REIT Business Overview & Revenue Model
Company Description
Custodian REIT plc is a UK real estate investment trust, which listed on the main market of the London Stock Exchange on 26 March 2014. Its portfolio comprises properties predominantly let to institutional grade tenants on long leases throughout t...
How the Company Makes Money
Custodian REIT generates revenue primarily through rental income from its portfolio of commercial properties. By leasing these properties to a variety of tenants across different sectors, the company ensures a steady stream of income. Additionally...
Custodian REIT Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
74
Positive
| 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
Positive
83.70
Price Trends
85.14
Positive
83.21
Positive
79.75
Positive
Market Momentum
-0.73
Negative
62.30
Neutral
84.69
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CREI, the sentiment is Positive. The current price of 83.7 is above the 20-day moving average (MA) of 81.99, below the 50-day MA of 85.14, and above the 200-day MA of 79.75, indicating a bullish trend. The MACD of -0.73 indicates Negative momentum. The RSI at 62.30 is Neutral, neither overbought nor oversold. The STOCH value of 84.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CREI.
Custodian REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £62.47M | 4.85 | 10.22% | 8.23% | 8.48% | 207.85% | |
72 Outperform | £423.60M | 3.34 | 11.57% | 7.17% | 1.60% | 211.81% | |
71 Outperform | £165.97M | 9.16 | 7.33% | 7.43% | -10.95% | -30.09% | |
67 Neutral | £239.66M | 5.97 | 9.81% | 6.64% | ― | ― | |
66 Neutral | £36.10M | 54.66 | 4.33% | 7.14% | -41.22% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | £407.03M | 6.81 | 7.51% | 5.15% | -3.98% | 412.08% |
* Real Estate Sector Average
GB:CREI
Custodian REIT
86.80
21.30
32.51%
GB:AEWU
AEW UK REIT
104.60
14.84
16.53%
GB:PCA
Palace Capital
178.50
-11.05
-5.83%
GB:SREI
Schroder Real Estate ate ate Investment
49.00
6.22
14.53%
GB:PCTN
Picton Property Income
79.70
16.09
25.28%
GB:AIRE
Alternative Income REIT Plc
77.60
13.66
21.36%
Custodian REIT Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Custodian REIT Boosts Income With £36m Acquisition of Family Property Portfolio
Positive
Feb 16, 2026
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% occup...
Regulatory Filings and Compliance
Custodian Property Income REIT Reports No New Shares Issued Under Blocklisting
Positive
Feb 9, 2026
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 unde...
Business Operations and StrategyM&A Transactions
Custodian Property Income REIT Sells Glasgow Office at 24% Premium to Valuation
Positive
Feb 5, 2026
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,...
Other
Custodian Property Income REIT Sets Live Online Investor Presentation for 13 February
Neutral
Jan 30, 2026
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 e...
Dividends
Custodian Property Income REIT Declares Third Quarterly Interim Dividend
Positive
Jan 8, 2026
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 2...
Regulatory Filings and Compliance
Custodian Property Income REIT Confirms Total Voting Share Capital at Year-End 2025
Neutral
Jan 2, 2026
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, ...
Business Operations and StrategyStock Buyback
Custodian REIT Enhances Shareholder Value with Strategic Buyback
Positive
Dec 11, 2025
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 acqu...
Business Operations and StrategyStock Buyback
Custodian Property Income REIT Executes Share Buyback
Positive
Dec 10, 2025
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 divide...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Custodian REIT Reports Strong Interim Results with Strategic Growth Initiatives
Positive
Dec 5, 2025
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 m...
Business Operations and StrategyStock Buyback
Custodian Property Income REIT Engages in Strategic Share Buyback
Positive
Dec 4, 2025
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 ov...
Business Operations and StrategyStock Buyback
Custodian Property Income REIT Enhances Shareholder Value with Share Buyback
Positive
Dec 2, 2025
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 enhancin...
Business Operations and StrategyStock Buyback
Custodian Property Income REIT Expands Share Buyback Program
Positive
Dec 1, 2025
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, contri...
Stock Buyback
Custodian Property Income REIT Expands Share Buyback Program
Positive
Nov 27, 2025
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 a...
Business Operations and StrategyStock Buyback
Custodian Property Income REIT Enhances Shareholder Value with Strategic Buyback
Positive
Nov 26, 2025
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,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.