CUSTODIAN PROPERTY INCOME REIT PLC (CREI) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the CUSTODIAN PROPERTY INCOME REIT PLC Investor Presentation. Just simply type in your questions and press that. Before we begin, I would like to submit the following poll. And I would now like to hand you over to Managing Director, Richard Sheffard Cross. Good morning to you. Thank you, and good morning, everyone. Nice to be speaking to you again following the release of our full year results excuse me, full year to March 2026 results. For those of you that don't know custodian property income REIT so well, just a brief, explanation about what we're all about, starting with our aim, which is to be the REIT of choice for private and institutional investors seeking high and stable dividends from well diversified UK real estate. And I think that mission statement really sets out quite succinctly, but very clearly what we're trying to do and how we might differ from any of our peer group funds. In a bit more detail, we provide access to a regionally diverse portfolio in an institutional grade package, main market listed and gross assets of $6.90 odd million, but a 174 properties. So our average lot size, 3,800,000, which makes us a little bit different from many of our peers. And as we go through, perhaps I'll explain why we have chosen that path. One of the benefits of this broadly diversified portfolio of slightly smaller but still good quality properties is that we have a higher income yield from the portfolio, which supports earnings, which in turn supports a fully covered dividend. Dividend of 6p per share, which at year end was a 7% dividend yield as at today, 6.85%. Share price has moved on a bit since then. And all invested in a portfolio that has significant reversionary potential. What do I mean by reversionary potential? The passi...