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EDISON INVESTMENT RESEARCH LIMITED (LON:KEFI) Edison issues update on Custodian Property Income REIT (CREI): On track to meet dividend target

Transparency directive : regulatory news

12/02/2024 13:35

Edison Investment Research Limited
Edison issues update on Custodian Property Income REIT (CREI): On track to meet dividend target

12-Feb-2024 / 12:35 GMT/BST
The issuer is solely responsible for the content of this announcement.


 

London, UK, 12 Februar 2024

 

Edison issues update on Custodian Property Income REIT (CREI): On track to meet dividend target

Custodian Property Income REIT (CREI) has released a trading update for the three months to 31 December 2023 (Q424). The quarterly DPS was fully covered by unaudited EPRA earnings and was in line with the full year target of at least 5.5p; at the current share price the target DPS reflects a yield of 8%.

CREI’s 8.0% prospective dividend yield compares with a 4.1% yield on the 10-year UK gilt. The discount to Q324 unaudited Q324 NAV is 26%.

Click here to view the full report.

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: As a content-led investor-relations business, Edison helps companies stand out and meet the right shareholders. Edison’s integrated investor relations solution combines expert analyst content, digital targeting and active investor engagement. This drives liquidity and valuations by building bigger, better informed and more engaged investor audiences globally.

Edison has a proven history of increasing liquidity and valuations for its clients. Edison’s content can be viewed by all investors, anywhere in the world.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Martyn King +44 (0)20 3077 5700 financials@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on: 

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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1835407  12-Feb-2024 

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