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Proactive Research analyst discusses Custodian REIT's refinancing and acquisition

Proactive Research analyst Ed Stacey says Custodian REIT (LON:CREI) is continuing to pursue its strategy of low-churn buy-and-hold rental income.

In October 2019, Custodian announced the acquisition of a portfolio of eight distribution warehouses under a sale and leaseback deal with Menzies Distribution Limited.

In September 2019 Custodian agreed with Lloyds Bank to increase the total funds available under the company’s revolving credit facility from £35 million to £50 million for a term of three years.

Quick facts: Custodian REIT

Price: 114 GBX

LSE:CREI
Market: LSE
Market Cap: £477.72 m
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Custodian Reit results show increased fully-covered dividend

Proactive analyst Ed Stacey explains why Custodian REIT (LON:CREI) remains one of the best dividend/yield plays in the UK market going into 2020. Interim results indicate that their dividend is backed by net income from rental income. Stacey runs through how Custodian REIT manages funds, how...

on 17/1/20

2 min read