20th May 2026 13:13
Custodian Property Income REIT PLC - Leicester, England-based real estate investment trust - Reports net asset value of approximately 99.7 pence per share as of March 31, up from 99.8p at December 31. Says board has approved a dividend of 1.5p for the fourth quarter ended March 31, and targets a total payout of at least 6.0p for the year ending 31 March, 2027. Reports fourth-quarter EPRA earnings per share of 1.5p, "in line with" 1.7p for the third quarter and excluding around 0.2p per share added by a one-off surrender premium on an industrial property. The estimated rental value of its portfolio rose 0.7% like-for-like, driven by LFL growth of 1.2% for industrial assets, which represent 42% of the portfolio's income. Portfolio ERV growth on an LFL basis is 3.3%. Custodian adds that further income growth of 13% is already embedded within the portfolio with an ERV of GBP55.6 million at March 31, up from GBP52.0 million three months prior. This exceeds current passing rent of GBP49.2 million, up from GBP45.8 million. Company also notes its acquisitions of family-owned property portfolios during the quarter, including that of Scorpion Properties Ltd in March. Read More
