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Custodian REIT continuing to outperform and has hopes of restoring dividend to previous levels

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 low at 22% and they've agreed covenant waivers for the next couple of quarters.

 

Click here to read Ed Stacey's latest research update

Quick facts: Custodian REIT

Price: 89 GBX

LSE:CREI
Market: LSE
Market Cap: £373.85 m
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Proactive Research analyst discusses Custodian REIT's refinancing and...

Proactive Research analyst Ed Stacey says Custodian REIT (LON:CREI) is continuing to pursue its strategy of low-churn buy-and-hold rental income. In October 2019, Custodian announced the acquisition of a portfolio of eight distribution warehouses under a sale and leaseback deal with Menzies...

on 9/10/19

2 min read