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Custodian REIT plc : Unaudited Net Asset Value ...
Custodian REIT plc : Unaudited Net Asset Value ....
About this update from Custodian Property Income Reit Plc
[{"type":"text","content":"\n \n\n\nCustodian REIT plc (CREI)\n\n\n\nCustodian REIT plc : Unaudited Net Asset Value as at 31 December 201928-Jan-2020 / 07:00 GMT/BSTDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n\n \n\n28 January 2020\n\nCustodian REIT plc\n\n \n\n(\"Custodian REIT\" or \"the Company\")\n\n \n\nUnaudited Net Asset Value as at 31 December 2019\n\n \n\nCustodian REIT (LSE: CREI), the UK commercial real estate investment company, today reports its unaudited net asset value (\"NAV\") as at 31 December 2019 and highlights for the period from 1 October 2019 to 31 December 2019 (\"the Period\").\n\n \n\nFinancial highlights\n\n \n\nNAV total return per share1 for the Period of 1.7%\n Dividend per share approved for the Period of 1.6625p\n NAV per share of 104.4p (30 September 2019: 104.3p)\n NAV of £430.2m (30 September 2019: £428.5m)\n Net gearing2 of 23.2% loan-to-value (30 September 2019: 20.5%)\n £1.6m of new equity raised during the Period at an average premium of 12.1% to dividend adjusted NAV per share \n Market capitalisation of £469.7m (30 September 2019: £483.0m)\n \n\nProperty highlights \n\n \n\nProperty value of £571.2m (30 September 2019: £547.2m)\n Acquisition of a portfolio of eight industrial properties for aggregate headline consideration of £24.65m3\n £2.4m valuation increase from successful asset management initiatives\n £0.6m aggregate valuation decrease (0.1% of property portfolio)\n EPRA occupancy4 95.6% (30 September 2019: 95.5%)\n \n\n1 NAV per share movement including dividends approved for the Period.\n\n2 Gross borrowings less cash (excluding tenant rental deposits and retentions) divided by property valuation.\n\n3 Before acquisition costs and completion balance sheet adjustments.\n\n4 Estimated rental value (\"ERV\") of let property divided by total property ERV.\n\n \n\nNet asset value\n\n \n\nThe unaudited NAV of the Company at 31 December 2019 was £430.2m, reflecting approximately 104.4p per share, an increase of 0.1p (0.1%) since 30 September 2019:\n\n\n  \n \n \n Pence per share\n \n \n £m\n \n \n  \n \n \n  ...