Custodian Property Income REIT Disposes of Properties Above Book Value
By
Fiona Craig
PUBLISHED:
15 May 2025 @ 18:21
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Custodian Property Income REIT plc (LSE:CREI) has sold two office buildings located in Cheadle for a combined total of £6.9 million. One property was sold at its book valuation, while the other fetched a 10% premium. The proceeds will be used to repay variable rate debt, supporting the company’s focus on delivering strong income returns to shareholders amid limited rental growth prospects in the out-of-town office market.
Custodian REIT maintains a stable outlook driven by solid financial performance, robust cash flow generation, and attractive dividend yields. While technical indicators show a neutral stance, recent disposals align with the company’s strategic growth and debt management initiatives. Profitability challenges and a decline in equity advise a cautiously optimistic approach.
About Custodian Property Income REIT
Custodian Property Income REIT plc invests in a diversified portfolio of smaller regional commercial properties throughout the UK, targeting consistent income generation for investors.
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Average Trading Volume: 876,818 shares
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Technical Sentiment: Strong Buy
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Market Capitalization: £337.7 million
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