Custodian REIT: Leasing Success Drives Growth

Custodian Property Income REIT reports strong leasing outcomes for Q2 2024, leading to continued income growth. The company saw a slight increase in portfolio valuation, hinting at a potential upward trend despite previous flat valuations. Successful asset management and stock selection were highlighted as critical factors, with over 20 lease agreements and rent reviews concluded at significant premiums, supporting future earnings.

The Financial Conduct Authority's recent regulatory changes promise to enhance investment performance by exempting investment companies from specific cost disclosure regulations. This change is expected to attract new investors to Custodian REIT, thanks to its competitive cost structure.

Key achievements include a 1.5% rise in passing rent and a 0.8% increase in estimated rental value. The company achieved a 93.5% occupancy rate, with significant leasing activity reflecting positively on earnings and dividend cover.