Strategic acquisition to lift Custodian REIT earnings

Specialist real estate investment trust Custodian Property Income (CREI) announced the strategic acquisition of a £36 million family-owned portfolio. The assets are expected to enhance earnings from day one, improve dividend cover and provide ‘potential for value creation’. Share price: 88p (-1.1%) PE: 11x Market cap: £410m Yield: 6.7% ‘Trust of choice’ Custodian aims to … Continue reading Strategic acquisition to lift Custodian REIT earnings