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About the company
Custodian Property Income REIT plc is a United Kingdom-based real estate investment trust. The Company seeks to deliver an enhanced income return by investing in a diversified portfolio of smaller, regional properties let to predominantly institutional grade tenants across the United Kingdom. Its policy is to invest in properties between £2 million - £15 million. It offers investors the opportunity to access a diversified portfolio of the United Kingdom commercial real estate through a closed-ended fund. The Company may use gearing provided that the maximum loan-to-value (LTV) shall not exceed 35%, with a medium-term net gearing target of 25% LTV. It invests in a diverse portfolio of the United Kingdom commercial real estate, principally characterized by smaller, regional, core/core-plus properties. Its property types include office, industrial, retail, retail warehouse and others. The Company's investment manager is Custodian Capital Limited.
- Revenue in GBP (TTM)48.00m
- Net income in GBP38.16m
- 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://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, Aman Sharma MRICS |
|---|
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 |
|---|---|---|
| Merlin Properties Ltd | -2.05% | 27.48m |
| Holder | Shares | % Held |
|---|---|---|
| BlackRock Advisors (UK) Ltd.as of 31 Mar 2024 | 12.86m | 2.92% |
| Legal & General Investment Management Ltd.as of 20 Mar 2024 | 9.36m | 2.12% |
| SSgA Funds Management, Inc.as of 27 Mar 2024 | 6.93m | 1.57% |
| BlackRock Investment Management (UK) Ltd.as of 01 Apr 2025 | 6.68m | 1.52% |
| Dimensional Fund Advisors LPas of 19 Mar 2024 | 4.86m | 1.10% |
| Hargreaves Lansdown Asset Management Ltd.as of 01 Apr 2025 | 3.65m | 0.83% |
| abrdn Investment Management Ltd.as of 01 Apr 2025 | 2.84m | 0.65% |
| Vanguard Global Advisers LLCas of 01 Apr 2025 | 2.30m | 0.52% |
| Brewin Dolphin Ltd.as of 27 Mar 2024 | 2.28m | 0.52% |
| State Street Global Advisors Ltd.as of 13 Mar 2024 | 2.14m | 0.49% |
