Capital Network's Ed Stacey gives his view on Custodian REIT's (LON:CREI) latest quarterly net asset value (NAV) update.
The release shows a NAV of £426.6mln, unchanged versus December 2018, and NAV total return per share of 5.9%.
Occupancy remains high at 95.9%.
Custodian now offers a 5.8% dividend yield for FY Mar 2019, versus 3.4% for the sector.
Price: 87.5 GBX
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Proactive Research analyst Ed Stacey says shares in Custodian REIT PLC (LON:CREI) have recovered from their lows at the end of March and year-to-date they've been an outperformer versus the UK real estate sector. Stacey says 82% of rent is 'under control' while the balance sheet gearing is still...
