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Custodian spots out of town retail disrupting on-line shopping trend

Custodian REIT PLC (LON:CREI) announces interim results as they notch up a net asset value (NAV) total return of 4.3% during 2018. Custodian's Richard Shepherd-Cross tells Proactive London how it's been another good six months for the company and dividends are being well covered. Successful asset management initiatives within their lettings portfolio plus acquisitions of out of town retail parks (despite them not being 'flavour of the month) have created Custodian's good fortunes this year. With trading conditions varying continuously, Richard says it's Custodian's job to look beyond the headlines which would have you believe no one would ever visit a shop again, and identify which property opportunities will best serve shareholders. After all, despite the received wisdom that on-line shopping is king, 82% of all retail sales are still in store, he says.

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CN Research
January 29 2019

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