Custodian Property Income Reit Plc · LSE:CREI
Custodian Property Income Reit — Merger or Acquisition (March 2024)
6 slides from Custodian Property Income Reit's merger presentation, Mar 15, 2024
Slide 1: Recommended all-share merger with abrdn Property Income Trust Limited
Recommended all-share merger with abrdn Property Income Trust Limited (“API”) Ed Moore – Finance Director March 2024 Custodian Property Income REIT plc
Slide 2: Further improvements to management arrangements and fees for the Combined Group
CREI Announcement 13 March 2024 Further improvements to the management arrangements and fees for the Combined Group Removal of: • Two-year term extension of CCL’s Investment Management Agreement (remains 12 months rolling notice) • £0.35m project fee In addition to existing concessions offered: • Wa
Slide 3: API announcement 14 March 2024
API announcement 14 March 2024 • Ringing endorsement of: CREI API • Diversified property strategy EPRA topped-up net initial yield* 6.2% 5.4% Reversionary yield** 7.8% 7.3% • Focus on income • Rental growth expectations • Benefits of scale on liquidity and costs • API’s ‘in demand’ high quality, com
Slide 4: CREI share price
CREI share price Custodian Property Income REIT Custodian Property 14 March 2024 Income REIT plc 4
Slide 5: API Board comments
API Board comments The CREI Merger represents a strategically consistent and significant enhancement to the status quo for API Shareholders and offers growth prospects from the enlarged portfolio. Furthermore, the CREI Merger represents a premium to API's undisturbed share price and brings an increa
Slide 6: Important
Important This document (‘Document’), which relates to Custodian Property Income REIT plc (‘Custodian REIT’), has been issued and approved by Custodian Capital Limited (the ‘Company’) which is authorised and regulated by the Financial Conduct Authority. The Company is solely responsible for this Doc
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