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About the company
Custodian Property Income REIT plc, formerly Custodian REIT Plc, is a United Kingdom-based real estate investment trust. The Company invests in a diverse portfolio of United Kingdom commercial real estate, principally characterized by individual property values of less than £15 m at acquisition. It offers investors the opportunity to access a diversified portfolio of United Kingdom commercial real estate through a closed-ended fund. Its portfolio consists of properties let to institutional grade tenants on long leases throughout the United Kingdom. Its portfolio includes industrial, office, retail warehouse, retail and others. Its portfolio includes car showrooms, petrol filing stations, children’s day nurseries, restaurants, health and fitness units, hotels and healthcare centers. It has a diversified portfolio of over 164 properties, including 62 industrial properties, 40 retail warehouse properties, 26 office properties, 18 high street retail properties and 18 other properties.
- Revenue in GBP (TTM)42.04m
- Net income in GBP60.17m
- Incorporated2014
- Employees0.00
- LocationCustodian Property Income REIT plc1 New Walk PlaceLEICESTER LE1 6RUUnited KingdomGBR
- Phone+44 116 240 8740
- Fax+44 116 240 8749
- Websitehttps://www.custodianreit.com/
Profile
| Management group(s) | Custodian Capital Ltd |
|---|---|
| AIC sector | Property - UK Commercial |
| ISIN | GB00BJFLFT45 |
| Launch date | 26 Mar 2014 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To provide shareholders with an attractive level of income together with the potential for capital growth from investing in a diversified portfolio of commercial real estate properties in the UK. To have balanced investment portfolio with a relatively high exposure to industrial and to alternative sectors and low exposure to office and high street retail and low levels of net debt with target net gearing of 25% LTV.
Managed by
| Richard Shepherd-Cross, Alex Nix |
|---|
Management & contract fees
A management fee of 0.9% on the first GBP 200m of NAV; 0.75% of NAV in excess of GBP 200m but below GBP 500m;; 0.65% of the NAV in excess of GBP 500m; 0.55% of the NAV in excess of GBP 750m. The agreement is for an initial term of 3 years, terminable by giving 12 months notice.
Mergers & acquisitions
| Acquired company | CREI:LSE since announced | Transaction value |
|---|---|---|
| Undisclosed Distribution Facility | -8.15% | 12.99m |
| Undisclosed Long Lease Industrial Asset | -13.10% | -- |
| DFS Furniture Company PLC-Retail Warehouse(2) | -11.96% | 10.68m |
| Undisclosed Restaurants(2) | -6.41% | 3.08m |
| Undisclosed Retail Park Property | -9.22% | -- |
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| abrdn Property Income Trust Ltd | 110.61m | 99.09m | 265.33m | 0.00 | 2.79 | 0.6286 | -- | 2.40 | 0.2498 | 0.2498 | 0.2789 | 1.11 | 0.2122 | -- | 12.00 | -- | 19.01 | 6.56 | 22.07 | 6.72 | 97.33 | 92.45 | 89.59 | 73.98 | -- | 29.29 | 0.2122 | 54.96 | 3,383.80 | 30.14 | 643.23 | 43.28 | -- | -10.56 |
| LSL Property Services plc | 321.25m | 45.25m | 272.43m | 4.08k | 6.04 | 1.30 | 4.45 | 0.8481 | 0.4334 | 0.4334 | 3.09 | 2.01 | 1.06 | -- | 8.21 | 78,813.79 | 14.95 | 10.06 | 20.27 | 13.88 | -- | -- | 14.07 | 9.25 | -- | 9.11 | 0.1086 | 27.19 | 22.53 | 1.21 | 279.40 | 4.17 | 2.62 | 2.05 |
| Newriver Reit PLC | 73.20m | 27.70m | 281.88m | 49.00 | 10.10 | 0.6903 | 9.82 | 3.85 | 0.0899 | 0.0889 | 0.2368 | 1.32 | 0.0895 | -- | 16.83 | 1,493,878.00 | 3.39 | -3.59 | 3.55 | -3.76 | 65.98 | 66.36 | 37.84 | -42.25 | -- | 4.16 | 0.4767 | -- | 0.8208 | -5.17 | 105.73 | -28.01 | -4.24 | -17.92 |
| Home Reit PLC | 26.20m | 47.80m | 300.81m | 0.00 | 2.97 | 0.3423 | -- | 11.48 | 0.1281 | 0.1281 | 0.0757 | 1.11 | 0.0419 | -- | 6.87 | -- | 7.64 | -- | 7.73 | -- | 87.29 | -- | 182.46 | -- | -- | -- | 0.2826 | -- | -- | -- | -- | -- | -- | -- |
| Regional REIT Ltd | 59.40m | 39.00m | 305.83m | 0.00 | 7.72 | 0.5957 | -- | 5.15 | 0.0768 | 0.0768 | 0.1184 | 0.9954 | 0.0634 | -- | 1.89 | -- | 4.16 | 2.86 | 4.42 | 3.04 | 91.15 | 90.61 | 65.65 | 44.91 | -- | 5.03 | 0.4668 | 106.95 | 4.78 | 7.92 | 192.77 | 16.47 | -- | -3.74 |
| Civitas Social Housing PLC | 53.72m | 69.54m | 329.27m | 0.00 | 4.78 | 0.4854 | -- | 6.13 | 0.1135 | 0.1135 | 0.0876 | 1.12 | 0.0513 | -- | 4.81 | -- | 6.64 | -- | 6.71 | -- | 97.13 | -- | 129.46 | -- | -- | -- | 0.3361 | -- | 5.34 | -- | 24.06 | -- | -- | -- |
| Harworth Group PLC | 153.60m | 116.67m | 387.67m | 85.00 | 3.36 | 0.591 | 3.32 | 2.52 | 0.357 | 0.357 | 0.4696 | 2.03 | 0.1843 | 0.5388 | 2.54 | 1,807,012.00 | 14.00 | 7.77 | 15.44 | 8.66 | 37.86 | 32.16 | 75.96 | 57.69 | 1.25 | -- | 0.1399 | 7.10 | 56.97 | 26.67 | 264.36 | 18.69 | 5.06 | 9.99 |
| Custodian Property Income Reit PLC | 42.04m | 60.17m | 412.20m | 0.00 | 6.78 | 0.822 | 6.85 | 9.81 | 0.138 | 0.138 | 0.0958 | 1.14 | 0.0644 | -- | 7.47 | -- | 9.22 | 6.51 | 9.47 | 6.71 | 86.88 | 91.02 | 143.14 | 94.42 | -- | -- | 0.2605 | 65.64 | 0.7908 | 7.64 | 3,162.87 | 38.27 | -- | -3.73 |
| Picton Property Income Ltd | 48.99m | 82.65m | 439.73m | 9.00 | 5.32 | 0.688 | 5.31 | 8.98 | 0.1509 | 0.1509 | 0.0896 | 1.17 | 0.0593 | -- | 1.94 | 5,443,111.00 | 10.00 | 8.23 | 10.25 | 8.48 | 73.29 | 77.26 | 168.71 | 128.60 | -- | -- | 0.2621 | 30.16 | 7.41 | -3.07 | 334.86 | 28.02 | -- | -- |
| Helical PLC | 42.35m | 83.93m | 441.61m | 28.00 | 5.33 | 0.6375 | 5.21 | 10.43 | 0.6715 | 0.6715 | 0.3404 | 5.62 | 0.0423 | 1.68 | 1.28 | 1,512,321.00 | 8.38 | 4.02 | 8.66 | 4.30 | 95.72 | 50.10 | 198.21 | 69.10 | 2.66 | -- | 0.2673 | 27.87 | 43.98 | -15.58 | 397.25 | 17.84 | -31.23 | 5.33 |
| Mountview Estates plc | 72.49m | 30.32m | 460.08m | 29.00 | 15.18 | 1.15 | 15.15 | 6.35 | 7.78 | 7.78 | 18.59 | 102.20 | 0.1684 | 0.0706 | 48.62 | 2,499,690.00 | 7.04 | 6.88 | 7.12 | 7.00 | 60.96 | 63.07 | 41.82 | 43.32 | 0.789 | 4,162.56 | 0.0672 | 63.68 | 0.426 | -3.34 | -12.98 | -5.79 | -- | 9.63 |
| PRS Reit PLC | 41.96m | 115.89m | 488.28m | 0.00 | 4.14 | 0.7639 | -- | 11.64 | 0.2148 | 0.2148 | 0.0784 | 1.16 | 0.0444 | -- | 41.78 | -- | 12.26 | -- | 14.23 | -- | 81.81 | -- | 276.17 | -- | -- | -- | 0.3516 | -- | 57.54 | -- | 162.71 | -- | -- | -- |
| Target Healthcare REIT Ltd | 63.86m | 49.10m | 516.04m | 0.00 | 10.22 | 0.7385 | -- | 8.08 | 0.0814 | 0.0814 | 0.1066 | 1.13 | 0.0759 | -- | 68.63 | -- | 5.84 | 6.09 | 6.00 | 6.23 | 58.24 | 99.88 | 76.88 | 82.49 | -- | 47.68 | 0.2488 | 81.66 | 27.77 | 22.07 | 11.88 | 20.75 | -- | 4.92 |
| Empiric Student Property PLC | 65.67m | 92.47m | 529.74m | 295.00 | 5.73 | 0.7452 | 5.69 | 8.07 | 0.1532 | 0.1532 | 0.1088 | 1.18 | 0.0602 | -- | 10.79 | 222,623.70 | 8.47 | 2.40 | 8.78 | 2.59 | 65.37 | 61.62 | 140.81 | 40.12 | -- | -- | 0.3624 | 90.45 | -5.85 | -- | 221.81 | -- | -- | -- |
| Balanced Commercial Property Trust Ltd | 52.86m | 189.24m | 586.50m | 0.00 | 3.33 | 0.5627 | -- | 11.10 | 0.2512 | 0.2512 | 0.0699 | 1.49 | 0.0388 | -- | 5.32 | -- | 13.89 | 2.57 | 14.11 | 2.61 | 76.00 | 82.29 | 358.00 | 56.61 | -- | -- | 0.2242 | 96.04 | -14.45 | -2.88 | 285.20 | 25.48 | -- | -10.32 |
| CLS Holdings plc | 140.40m | 128.00m | 597.24m | 112.00 | 4.67 | 0.4451 | 4.63 | 4.25 | 0.3142 | 0.3142 | 0.3446 | 3.29 | 0.0553 | -- | 6.65 | 1,253,571.00 | 5.04 | 5.47 | 5.52 | 5.97 | 77.28 | -- | 91.17 | 95.60 | -- | -- | 0.4382 | 23.28 | 0.2869 | 5.47 | 54.39 | 4.09 | -40.95 | 14.00 |
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Advisors (UK) Ltd.as of 16 Jun 2022 | 23.41m | 5.31% |
| Columbia Threadneedle Asset Managers Ltd.as of 24 Nov 2014 | 14.63m | 3.32% |
| Legal & General Investment Management Ltd.as of 29 Oct 2021 | 9.62m | 2.18% |
| State Street Global Advisors Ltd.as of 03 Nov 2021 | 6.83m | 1.55% |
| BlackRock Fund Advisorsas of 02 Oct 2022 | 5.71m | 1.30% |
| Hargreaves Lansdown Stockbrokers Ltd.as of 02 Oct 2022 | 4.88m | 1.11% |
| SSgA Funds Management, Inc.as of 02 Oct 2022 | 3.27m | 0.74% |
| Mattioli Woods Plc (Investment Management)as of 30 Dec 2022 | 3.05m | 0.69% |
| BlackRock Investment Management (UK) Ltd.as of 02 Oct 2022 | 2.98m | 0.68% |
| The Vanguard Group, Inc.as of 02 Oct 2022 | 2.24m | 0.51% |
