The net asset value per share eased to 107.1p from 107.3p a year earlier but the dividend per share rose to 6.55p from 6.45p.
At the end of March, the portfolio was valued at £572.7mln from £528.9mln a year earlier; over the same period the market capitalisation of the company rose 1.3% to £442.8mln from £437.1mln; the company's current market cap is around £477mln, up from £132mln when the company floated on the market five years ago.
Net gearing at the end of March had risen 3.1 percentage points to 24.1% from 21.0%.
“Since IPO [initial public offering] the company has successfully deployed new equity, reached target net gearing and grown dividends annually. While property market dynamics may have assisted performance through much of the last five years, we expect our focus on income to provide a stable platform to deliver positive shareholder returns in the future,” said David Hunter, the chairman of Custodian REIT.
"Custodian REIT's shares have continued to trade at a premium to NAV while many in its direct peer group have moved to a discount. The premium undoubtedly reflects the relatively high dividend yield coupled with a diverse, regional property strategy,” he added.
Shares in Custodian REIT edged up 0.2% to 117.60p in afternoon trading.
-- Updates share price --