Custodian Property Income REIT: Performance and Strategy Update

Custodian Property Income REIT Plc reported continued income growth for the quarter ending December 31, 2024. The company's diversified strategy focuses on smaller, regional UK properties with strong income profiles. Over the past 18 months, it achieved rental growth of over 5% annually, driven by proactive asset management.

In Q3, Custodian completed 25 lease negotiations at premiums to previous rents, with stable valuations and a rise in like-for-like values. Strong leasing activity underscored a fully covered 1.5p dividend per share, reflecting a 7.9% yield based on a 76p share price.

Custodian's £586.4m portfolio maintained stable valuations. The company had successful asset disposals and invested in solar installations. With a net gearing ratio of 28.5%, it managed prudent debt levels.