Edison Investment Research Limited, GB00BJFLFT45

Edison Investment Research Limited / GB00BJFLFT45

07.05.2024 - 16:02:15

Edison issues update on Custodian Property Income REIT (CREI): Significant uplift in fully covered DPS

Edison Investment Research Limited


07-May-2024 / 15:02 GMT/BST
The issuer is solely responsible for the content of this announcement.


  London, UK, 7 Mai 2024   Custodian Property Income REIT (CREI) produced a strong Q424 performance, driven by leasing progress and rental growth, rounding off a positive year. Reflecting FY24 performance, the company will pay a special dividend of 0.3p per share, additional to aggregate quarterly DPS of 5.5p, fully covered by EPRA earnings. The FY25 annual DPS target is increased by 9% to 6.0p, underpinned by the continuing strength of the commercial property occupier market and CREI’s increasing confidence in the outlook. The FY25 DPS target represents an attractive yield of 7.8%, with the potential for capital growth, while the discount to FY24 NAV is 18%. Click here to view the full report. All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: As a content-led investor-relations business, Edison helps companies stand out and meet the right shareholders. Edison’s integrated investor relations solution combines expert analyst content, digital targeting and active investor engagement. This drives liquidity and valuations by building bigger, better informed and more engaged investor audiences globally. Edison has a proven history of increasing liquidity and valuations for its clients. Edison’s content can be viewed by all investors, anywhere in the world. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Martyn King +44 (0)20 3077 5700 financials@edisongroup.com Learn more at www.edisongroup.com and connect with Edison on:  LinkedIn https://www.linkedin.com/company/edison-group-/ X  www.twitter.com/Edison_Inv_Res YouTube http://www.youtube.com/edisonitv


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