Custodian REIT - Consistent income to shareholders
Published: 18:06 30 Apr 2019 AEST
Custodian REIT - Consistent income to shareholders
|
|||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
|
Higher dividend yield than sector peers, but also scoring very strongly on "safety"
The chart above shows the dividend progression for Custodian REIT since its first year as a listed entity.
Custodian offers a higher dividend yield than the UK REIT sector average, with 2019 dividend yield of 5.8% compared with 3.4% average for the sector, as measured by the iShares UK Commercial Property ETF.
We argue that Custodian also offers one of the most dependable dividends in the sector. The charts below compare Custodian with sector peers based on:
- Dividend cover by net rental earnings
- Balance sheet net gearing as measured by loan-to-value ratio
For this purpose, we have compared Custodian against some of the other high- quality diversified non-residential REITs - EPIC, SRI, PCTN, SREI, FCRE, FCPT, UKCM, RGL. Even when benchmarked against the quality names in the sector, Custodian screens favourably on these "safety" metrics.
Dividend cover |
Source: Capital Network |
Gearing |
Source: Capital Network |
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities,...
FOR OUR FULL DISCLAIMER CLICK HEREThis document is published by Proactive Research and its contents have not been approved as a financial promotion by Proactive Investors Limited or any other FCA authorised person. This communication is made on the basis of the 'journalist exemption' provide for in Article 20 of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and having regard to the FCA rules, and in particular PERG 8.12.
Where the note contains a ‘buy, sell, hold’ recommend, Proactive Investors Limited is authorised to provide investment advice as defined by Article 53 of the RAO
FOR OUR FULL DISCLAIMER CLICK HERE