Edison issues update on Custodian Property Income REIT (CREI)

On track to meet dividend target

Edison Investment Research Limited Edison issues update on Custodian Property Income REIT (CREI): On track to meet dividend target 12-Feb-2024 / 12:35 GMT/BST The issuer is solely responsible for the content of this announcement.

London, UK, 12 Februar 2024

 

Edison issues update on Custodian Property Income REIT (CREI): On track to meet dividend target

Custodian Property Income REIT (CREI) has released a trading update for the three months to 31 December 2023 (Q424). The quarterly DPS was fully covered by unaudited EPRA earnings and was in line with the full year target of at least 5.5p; at the current share price the target DPS reflects a yield of 8%.

CREI’s 8.0% prospective dividend yield compares with a 4.1% yield on the 10-year UK gilt. The discount to Q324 unaudited Q324 NAV is 26%.

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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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End of Announcement - EQS News Service

1835407  12-Feb-2024 

The Custodian Property Income REIT Stock at the time of publication of the news with a fall of -1,01 % to 0,686GBP on London stock exchange (12. Februar 2024, 13:21 Uhr).