Custodian Property Income Reit (CREI)

Sector:

Investment Firms

Index:

FTSE Small Cap

83.00p
   
  • Change Today:
      1.30p
  • 52 Week High: 86.80p
  • 52 Week Low: 67.30p
  • Currency: UK Pounds
  • Shares Issued: 440.85m
  • Volume: 943,326
  • Market Cap: £365.91m

Custodian announces drive-through Starbucks for Birmingham

By Josh White

Date: Friday 02 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Property investment company Custodian REIT announced the completion of a forward-funding agreement for a pre-let development, together with the purchase of the development land, on Friday.
The London-listed firm said it acquired 0.4 acres of land in Maypole, Birmingham, adjacent to the busy A435 Alcester Road - one of the main arterial routes into Birmingham city centre.

It said the development would comprise an 1,800 square foot drive-through coffee shop with 16 parking spaces, with construction being phased over an expected six month build period.

The unit, to be developed by Deeley Properties, had been pre-let to Starbucks Coffee UK on a 15 year lease without break, with five-yearly upward-only market rent reviews.

On completion of the development for a total consideration of £1.75m, the total passing rent would be £0.12m per annum, reflecting a net initial yield of 6.43%.

The land purchase price of £1m was funded from the company's existing cash facilities, resulting in net gearing increasing to 21.7% loan-to-value.

"The growth of drive-through stores is being driven by the likes of Costa, Starbucks and Greggs and is proving popular with retailers and customers, which is leading to rental growth in the sector," said Richard Shepherd-Cross, managing director of the company's investment manager Custodian Capital.

"The location of this property on an arterial access route for Birmingham city centre allows easy accessibility for traffic both entering and leaving the city, enhancing the site's offering."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CREI Market Data

Currency UK Pounds
Share Price 83.00p
Change Today 1.30p
% Change 1.59 %
52 Week High 86.80p
52 Week Low 67.30p
Volume 943,326
Shares Issued 440.85m
Market Cap £365.91m

CREI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.93% below the market average36.93% below the market average36.93% below the market average36.93% below the market average36.93% below the market average
13.98% below the sector average13.98% below the sector average13.98% below the sector average13.98% below the sector average13.98% below the sector average
Price Trend
36.27% above the market average36.27% above the market average36.27% above the market average36.27% above the market average36.27% above the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Income
68.49% above the market average68.49% above the market average68.49% above the market average68.49% above the market average68.49% above the market average
80.39% above the sector average80.39% above the sector average80.39% above the sector average80.39% above the sector average80.39% above the sector average
Growth
66.43% above the market average66.43% above the market average66.43% above the market average66.43% above the market average66.43% above the market average
57.97% above the sector average57.97% above the sector average57.97% above the sector average57.97% above the sector average57.97% above the sector average

CREI Dividends

  Latest Previous
  Q4 Q3
Ex-Div 24-Apr-25 06-Feb-25
Paid 30-May-25 28-Feb-25
Amount 1.50p 1.50p

Trades for 30-May-2025

Time Volume / Share Price
16:35 804 @ 83.00p
16:35 125,544 @ 83.00p
16:35 1,175 @ 83.00p
16:35 2,224 @ 83.00p
16:35 434 @ 83.00p

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