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 send. Before we begin, I would like to submit the following poll. And I would now like to hand you over to Managing Director, Richard Sheppard Cross. Good morning to you, sir. Good morning, and good morning, everyone. Thank you for joining me on this, the Friday, the thirteenth. Lucky for some, I hope. Lucky for CUSTODIAN PROPERTY INCOME REIT as we see our share prices moved on again this morning following a trend that has been running for a little while now. But into the presentation, for those of you who heard me speak before, you'll hear a pretty familiar refrain because we see real opportunity in the market at the moment. And we think that CUSTODIAN PROPERTY INCOME REIT, which is aiming to be the REIT of choice for private and institutional investors seeking high and stable dividends from well diversified UK real estate, is very well placed to to take advantage of that opportunity. We have seen now valuations in recovery for a full twelve months. In fact, five quarters of valuation recovery. Following a sharp decline in values in 2022 when interest rates started to rise very steeply, We have seen confidence come back to the market. Excuse me. And that confidence was starting to really show itself at the start of last year. As we moved through the year as we moved through the year, we started from the summer and in the run up to the budget to see investors really sitting on their hands, in fear of what might have come from the budget. I'm happy to say that the budget, didn't bite very hard on commercial property. And, really, the only impact that we saw was a change in the proposals for business rates. But in the round, it's not g...