Picture of Custodian Property Income Reit logo

CREI Custodian Property Income Reit News Story

0.000.00%
gb flag iconLast trade - 00:00
FinancialsBalancedMid CapNeutral

REG-Custodian Property Income REIT plc Custodian Property Income REIT plc: Q4 trading update: Integration of recently acquired portfolios and active asset management continue to drive income growth and underpin fully covered dividend

============

Custodian Property Income REIT plc (CREI)
Custodian Property Income REIT plc: Q4 trading update: Integration of recently
acquired portfolios and active asset management continue to drive income growth and
underpin fully covered dividend

20-May-2026 / 07:00 GMT/BST

═══════════════════════════════════════════════════════════════════════════════════

 

 

                                                                                   

                                                                        20 May 2026

                                          

                        Custodian Property Income REIT plc

                                          

                (“Custodian Property Income REIT” or “the Company”)

                                          

  Q4 trading update: Integration of recently acquired portfolios and active asset
  management continue to drive income growth and underpin fully covered dividend

 

Custodian Property Income  REIT (LSE:  CREI), which  seeks to  deliver an  enhanced
income return  by investing  in a  diversified portfolio  of smaller,  UK  regional
properties with strong income characteristics, today provides a trading update  for
the fourth quarter ended 31 March 2026  (“Q4” or the “Quarter”) and the year  ended
31 March 2026 (“FY26”).

 

Commenting on the trading update, Richard Shepherd-Cross, Managing Director of  the
Investment Manager, said: “Custodian Property Income REIT performed well during the
Quarter, marking  a  successful  close  to  a  financial  year  in  which  we  have
consistently driven rental growth across  the Company’s portfolio, added scale  and
income through a number  of majority-share corporate  acquisitions of family  owned
portfolios, while  creating  value  from  our  existing  properties  through  asset
management. Our income focused strategy and the yield advantage we achieve from our
unique portfolio of smaller assets versus those of our larger peers, have helped us
progress towards our ultimate objective of  being the REIT of choice for  investors
seeking high and stable dividends from well-diversified UK real estate. 

 

“Despite the challenging investment  market backdrop, we  are seeing more  positive
underlying sentiment towards listed  real estate which we  hope will accelerate  if
and when geopolitical tensions ease. In  the meantime, we remain extremely  focused
on what we can  control by continuing  to remain hands-on  in our asset  management
approach and capturing the  13% of income  growth that is  already embedded in  our
portfolio. At the same time, we will continue to progress discussions with  further
families seeking a tax efficient solution to continue their investment in  regional
property for the  next generation, while  allowing us to  grow the Company  through
income accretive share-based acquisitions.”

 

 

Highlights

 

Strong leasing activity  continues to  improve occupancy and  drive rental  growth,
supporting a fully covered dividend
 

  • 1.5p dividend  per  share approved  for  the  Quarter, leading  to  total  FY26
    dividends of 6.0p per share, in  line with target, fully covered by  EPRA 1  1 
    earnings per share 2  2  (“EPS”) and represents a 7.1% dividend yield 3  3 
  • Q4 EPRA EPS  of 1.5p (Q3:  1.7p), in line  with Q3 excluding  the benefit of  a
    one-off surrender premium on an industrial property which added c.0.2p
  • 0.7% like-for-like 4  4  growth in  the estimated rental  value (“ERV”) of  the
    portfolio in Q4 driven by 1.2%  like-for-like growth in the industrial  sector,
    which represents 42% of portfolio  income, bringing the whole portfolio’s  FY26
    like-for-like ERV growth to 3.3%
  • 13% further income  growth already embedded  within the portfolio  with ERV  of
    £55.6m (31 December 2025: £52.0m) exceeding the current £49.2m passing rent (31
    December 2025: £45.8m).  Based on our  track record and strong occupier  demand
    for space in our assets, we expect  to both continue to capture this  potential
    rental upside at  (typically) five-yearly  rent reviews or  on re-letting,  and
    drive passing rent and ERV growth further through asset management

  • Positive leasing activity during the Quarter comprised:

       ◦ Respective 22% and 14% average uplifts on passing rent and ERV on 10 lease
         renewals/re-gears;
       ◦ Four new leases, with £0.8m of new annual income added to the rent roll,
         in line with ERV; and
       ◦ Three rent reviews at an average of 10% ahead of previous passing rent, in
         line with ERV.

 

Continued valuation growth across the Company’s c.£670m portfolio, with a 0.6%
like-for-like increase

 

  • Corporate acquisitions of Grove  Court and Scorpion (“the  Transactions”) 5  5 
    included the issuance of 29.1m new shares for £27.7m in addition to £12.4m cash
    consideration, which  helped  drive  Q4  net asset  value  (“NAV”)  to  £486.7m
    (31 December 2025: £458.2m)

  • NAV per  share  of 99.7p  (31  December  2025: 99.8p)  with  one-off  corporate
    acquisition costs offsetting valuation gains and leading to a 1.4% Q4 NAV total
    return per share 6  6 
  • 174 asset  property portfolio  valued at  £669.3m (31 December 2025:  £626.7m),
    with a Q4  like-for-like valuation increase  of 0.5%, net  of £1.9m of  capital
    expenditure.  Benefitting from a diversified asset base the Company has seen  a
    like-for-like portfolio valuation increase of 3.1% during FY26

Ongoing capital investment programme continues to enhance the portfolio, and  asset
recycling from the Merlin acquisition continues to be accretive

 

  • Acquisition of the £35.9m Grove Court and £8.5m Scorpion portfolios, comprising
    respectively seven  mixed  use office,  retail,  motor retail  and  residential
    assets, and five  industrial units.   The Transactions have  delivered day  one
    earnings enhancement and  the potential  for value creation  through asset  and
    portfolio management opportunities
  • During the Quarter, the Company sold:

       ◦ Seven units across six assets from the Merlin Portfolio in Leicestershire
         for £2.2m; and
       ◦ An office building in Glasgow for £6.0m, representing a 24% premium to the
         latest valuation.

  • Post Quarter end the  Company sold an industrial  asset in Scunthorpe from  the
    Merlin Portfolio for £0.1m, in line with its allocated purchase price
  • £1.9m of capital expenditure primarily relating to the purchase of the freehold
    interest of Jubilee Close Retail Park, Weymouth for £0.7m previously held via a
    long leasehold  interest,  and  the ongoing  construction  of  a  drive-through
    restaurant in Carlisle (£0.6m)

 

Prudent debt levels

 

  • Net gearing 7  7  was 25.9% loan-to-value at  31 March 2026 (31 December  2025:
    26.2%)
  • £185.0m of drawn debt at 31 March 2026 (31 December 2025: £172.5m),  comprising
    £120m (65%) of fixed rate  debt and £65m (35%)  drawn under the Company’s  £75m
    variable rate revolving credit facility (“RCF”)
  • Weighted average cost  (“WAC”) of  aggregate borrowings increased  to 4.1%  (31
    December 2025: 4.0%) due  primarily to deployment of  the variable rate RCF  to
    fund the cash element of Grove Court and Scorpion acquisition consideration and
    associated professional  fees.  The  Company’s remaining  £120m of  longer-term
    fixed-rate debt facilities have a weighted average term of 5.0 years and a  WAC
    of 3.3%, offering significant medium-term interest rate risk mitigation
  • During the Quarter, the Company and Lloyds Bank plc (“Lloyds”) agreed to extend
    the term of the RCF by one year to expire in November 2028 

 

Dividends

 

The Company paid an interim dividend per  share of 1.5p on Friday 27 February  2026
relating to Q3, fully covered by EPRA earnings.

 

The Board has approved a fully covered  interim dividend per share of 1.5p for  the
fourth quarter to be paid on Friday 29 May 2026 to shareholders on the register  on
1 May 2026, designated as a property income distribution (“PID”).

 

The Board is  targeting a  dividend per share  of no  less than 6.0p  for the  year
ending 31 March 2027. This target  dividend is in line  with the Company’s goal  of
being the  REIT of  choice to  investors  seeking high  and stable  dividends  from
well-diversified UK real estate.

 

Net asset value

 

The Company’s unaudited NAV increased to £486.7m, or approximately 99.7p per share,
at 31 March 2026:

                                                         Pence per share    £m
                                                                              
NAV at 31 December 2025                                             99.8 458.2
                                                                              
Shares issued                                                      (0.3)  27.7
Shares repurchased                                                     - (0.3)
                                                                   (0.3)  27.4
                                                                              
Net income for the Quarter                                           1.5   7.1
Interim quarterly dividend paid during the Quarter 8  8            (1.4) (6.9)
                                                                              
Valuation movements                                                  0.1   1.0
Profit on disposal                                                   0.4   1.8
Impact of acquisition costs                                        (0.4) (1.9)
                                                                              
NAV at 31 March 2026                                                99.7 486.7

 

The unaudited NAV attributable to the ordinary shares of the Company is  calculated
under International Financial Reporting Standards and incorporates the  independent
portfolio valuation at 31 March 2026 and net income for the Quarter. 

 

The movement in unaudited NAV reflects the payment of an interim dividend per share
of 1.5p during the Quarter,  but as usual this does  not include any provision  for
the approved dividend of 1.5p per share for the Quarter under review to be paid  on
Friday 29 May 2026. 

 

Market update

 

The advent of  the conflict in  the Middle East,  and its impact  on inflation  and
interest rate expectations as well as supply chain pressures, created volatility at
a time of  renewed confidence  in UK commercial  real estate.   Listed real  estate
share prices suffered a sharp decrease in  late 2022, as interest rates rose,  with
associated weak valuations continuing throughout  2023 and into 2024.  By  mid-2024
we could  see the  bottom of  the valuation  cycle in  most property  sectors,  yet
investor confidence was weighed down by uncertainty of the November 2025 Budget.

 

In the three  months between  the Budget  and the start  of the  conflict in  Iran,
Custodian Property Income REIT enjoyed a 12.3% recovery in share price,  consistent
with most  listed  real estate.   What  followed  was sharp  volatility,  with  the
previous three  months’ gains  reversed by  the 31  March 2026,  but since  then  a
generally upward trend  in share  price, recovering some  of the  lost ground.   We
believe the underlying positivity  towards listed real estate  can be explained  by
the structural forces supporting a rental growth story which will support long-term
total returns.

 

Valuations across  the Company’s  portfolio  have been  recovering since  Q3  2024,
largely through  positive  asset management,  securing  lease renewals  and  rental
growth  or   from   delivering   modern,   energy   efficient   buildings   through
refurbishment.  This theme  has been  widespread across  the market  with a  strong
focus from occupiers on good quality  buildings.  Subject to further negative  news
from the Middle East, and ongoing uncertainty over the UK government’s  leadership,
we expect this steady valuation recovery to continue.  However, unlike in  previous
cycles, we  do  not  expect  this to  derive  from  significant  yield  shift 9  9 
supported by falling long-term gilt rates  but from primarily asset management  led
rental growth.

 

A key support to the current delivery of positive asset management outcomes is  the
limited supply of modern or refurbished  buildings.  Supply has been restricted  by
limited development since 2022 in all but a few property sub-sectors, with an acute
reduction in speculative projects more recently.  In the two largest sectors of the
Company’s portfolio, industrial and retail  warehousing, which account for 42%  and
22% of income  respectively, the supply  side effect has  had the greatest  impact,
supporting refurbishment projects and rental growth.   Over the last 12 months  the
portfolio has recorded like-for-like  growth in estimated rental  value of 4.1%  in
industrial and 2.7% in retail warehousing.

 

In addition to supply/demand dynamics, rental growth in commercial property is also
driven by inflation which has  been, and will likely continue  to be, a feature  of
the economy.   Build cost  and labour  cost  inflation requires  rents to  grow  to
support refurbishment and  new development.   Without higher  rents cost  inflation
will restrict supply, which will in turn put pressure on rents to grow.  In  short,
commercial property should perform relatively  well in an inflationary  environment
as investors  are  naturally  drawn  to  real assets  and  the  high  inflation  we
experienced over the last few years has  been met with higher rental levels  across
most sectors of real estate.

 

Unlike in 2018-2023 when rental growth was focused principally on logistics assets,
which brought forward significant investment and development capital, the market is
now much flatter with rental growth potential a feature of all sectors, as seen  in
the Custodian  Property  Income REIT  portfolio  in the  year  to 31  March  2026. 
Investors appear less focused on single sector investing and more attracted to  the
diversified portfolios than previously.

 

Asset management

 

Custodian Capital Limited, the Investment  Manager, has remained focused on  active
asset management during the Quarter, completing:

 

  • Four new leases, with £0.8m of new annual rental income added to the rent roll,
    in aggregate, in line with ERV;
  • 10 lease renewals/re-gears at a combined  average of 22% ahead of passing  rent
    and 6% ahead of ERV; and
  • Three rent reviews  at an  aggregate average of  6% ahead  of previous  passing
    rent.

 

Further details of these asset management initiatives are shown below:

 

New leases

 

£0.8m of new annual rental income was added to the rent roll through the letting of
four vacant units, in aggregate, in line with ERV:

 

  • 10-year lease with a tenant break option after six years to Sonas Bathrooms  at
    an industrial unit in  Redditch, following a redevelopment,  at a passing  rent
    £669k, 117% ahead of the passing rent prior to redevelopment;
  • 15-year lease with  Shrimp and  Co at  a restaurant  unit in  Liverpool, at  an
    annual rent of £100k, in line with ERV;
  • Five-year lease  with Phone  Gadget at  a retail  unit in  Chester,  increasing
    previous passing rent by 30% to £54k; and
  • Nine-year lease to Bradley and Cuthbertson at an office building in Birmingham,
    at an annual rent of £8k.

 

Renewals/re-gears

 

10 lease renewals/re-gears at a combined average of 22% ahead of passing rent and
6% ahead of ERV:

 

  • Assignment of a lease  from Wickes to  CDS Stores (t/a The  Range) at a  retail
    warehouse unit in Leighton Buzzard, increasing the passing rent 15% from  £340k
    to £390k;
  • 15-year lease  renewal with  McDonalds  at a  drive-through unit  in  Plymouth,
    including settlement of  the outstanding  rent review,  increasing the  passing
    rent by 26% from £79k to £100k;
  • Assignment of the lease of a restaurant unit in Torquay from Bistrot Pierre  to
    Cherry Two, increasing the passing rent 6% from £90k to £95k;
  • 10-year lease renewal with United Carpets  at a retail warehouse in  Leicester,
    increasing the passing rent by 18% from £74k to £88k;
  • Five-year  lease  renewal  with  Carbide  Properties  at  an  office  suite  in
    Leicester, increasing passing rent by 5% from £78k to £81k;
  • One-year lease with Anduff Car Wash with  a rolling landlord break option at  a
    retail park in Southport, increasing the annual rent 112% from £25k to £53k;
  • A variation  of  the  lease with  Romac  Logistics  at an  industrial  unit  in
    Motherwell, increasing annual  rent by £38k,  to lease the  solar panels  added
    recently at a cost of £0.3m
  • 10-year lease  renewal with  CHAS  Trading at  a  retail unit  in  Dunfermline,
    increasing the passing rent 9% from £33k to £36k; and
  • Five-year lease  renewal  at an  industrial  unit in  Loughborough,  increasing
    passing rent 10% from £10k to £11k, and a three-year lease renewal at a  retail
    unit in Coalville, maintaining the passing  rent at £7k. These properties  were
    subsequently sold at auction.

 

Rent reviews

 

Three rent reviews at an average 6% ahead of previous passing rent:

 

  • A car showroom in Beaconsfield acquired  as part of the Grove Court  Portfolio,
    increasing annual rent 5% from £690k to £725k;
  • A car showroom in York, increasing passing rent 8% from £255k to £275k; and
  • A drive-through unit  in Burton-upon-Trent,  increasing passing  rent 16%  from
    £55k to £64k.

 

Other asset management

 

During the Quarter, the  Company acquired the freehold  interest of Jubilee  Close,
Weymouth for £0.7m. CREIT previously held the 125 year long leasehold interest over
this retail park which had 82 years remaining.

 

Disposals

 

During the Quarter, the Company sold:

 

  • Seven units across six assets in Leicestershire, acquired as part of the Merlin
    Portfolio, for an aggregate £2.2m; and
  • An office building  in Glasgow  for £6.0m, representing  a 24%  premium to  the
    latest valuation.

 

Corporate acquisitions

 

The Board  retains  strong  ambitions  to continue  scaling  the  business  through
selective portfolio  acquisitions. During  the Quarter  the Company  completed  the
majority-share  acquisitions  of  Grove  Court   and  Scorpion  for  an   aggregate
consideration of £40.3m (before costs), based on a NAV-for-NAV exchange ratio at  a
weighted average adjusted issuance NAV per  share of 95.9p.  This consideration  is
expected to rise to  c. £41.9m 10  10  (before  costs) once deferred  consideration
has been settled, comprising £29.2m equity and £12.7m cash.

 

The Transactions  together provided  the  Company with  a  £44.4m portfolio  of  12
smaller lot-size  assets  and  added  £3.4m  of  net  rental  income  on  day  one.
Respectively the properties are located on the western outskirts of Greater  London
and the  South Midlands  and are  highly complementary  to the  Company’s  existing
assets. We have identified  a number of opportunities  to drive further value  from
these portfolios, including increasing rental income from upcoming lease events.

 

Last year’s Merlin transaction had provided  a strong blueprint of how the  Company
can utilise the combination  of its listed status  and smaller-lot size  investment
strategy to provide a  tax efficient solution to  families seeking to simplify  the
ownership structure of their property investments. 

 

Both Grove Court and Scorpion  were long-established family property companies  and
the Transactions  presented attractive  opportunities for  the sellers  to solve  a
family succession issue by passing day-to-day operations to a professional  manager
and obtain a  more liquid investment  that is  also easier to  apportion to  family
members, in  a highly  tax efficient  manner.  At  the same  time the  Transactions
allowed the vendors to fulfil  their desire to maintain  the focus of their  family
wealth on regional real estate investments with attractive income characteristics. 
For the  Company,  the  Transactions also  offered  compelling  economic  benefits,
particularly when compared to acquiring the properties directly.

 

Borrowings

 

On 10 February 2026 the Company and Lloyds Bank plc agreed to extend the term of
the RCF by one year to expire on 10 November 2028 and increased the RCF facility
limit from £60m to £75m.

 

On 25 March 2026 the Company secured an asset in Dundee valued at £1.9m to its
Aviva loan pool.

 

At 31 March 2026, the Company had £185.0m of debt drawn comprising:

 

  • £65m (35%)  at a  variable prevailing  interest rate  of 5.5%  and a  remaining
    maturity of 2.9 years; and
  • £120m (65%) at a weighted  average fixed rate of  3.3% with a weighted  average
    maturity of 5.0 years. 

 

At 31 March 2026, the Company’s borrowing facilities were:

 

Variable rate borrowing

 

  • A £75m RCF with Lloyds  with interest of between  1.62% and 1.92% above  SONIA,
    determined by reference to the prevailing LTV ratio of a discrete security pool
    of assets, expiring on 10 November 2028.

 

Fixed rate borrowing

 

  • A £45m term  loan with SWIP  repayable on 5  June 2028 with  interest fixed  at
    2.987%; and

  • A £75m term loan with Aviva comprising:

       ▪ A £35m tranche repayable on 6 April 2032 with fixed annual interest of
         3.02%;
       ▪ A £25m tranche repayable on 3 November 2032 with fixed annual interest of
         4.10%; and
       ▪ A £15m tranche repayable on 3 November 2032 with fixed annual interest of
         3.26%.

 

Each facility  has a  discrete security  pool, comprising  a number  of  individual
properties, over which the relevant lender has security and covenants:

 

  • The maximum LTV of the  discrete security pools is either  45% or 50%, with  an
    overarching covenant on the property portfolio of a maximum of 40% LTV; and
  • Historical interest  cover, requiring  net rental  receipts from  the  discrete
    security pools, over the preceding three months, to exceed either 150% or  250%
    of the associated facility’s quarterly interest liability.

 

Portfolio analysis

 

At 31 March  2026, the  investment property portfolio  was split  between the  main
commercial property sectors,  in line with  the Company’s objective  to maintain  a
suitably balanced investment portfolio. Sector weightings are shown below:

                      31 March 2026                              31 December 2025
                                                                                   
                                              Quarter          
              Valuation                     valuation                              
                                             movement   Quarter
                     £m Weighting Weighting           valuation Weighting Weighting
                         by value by income        £m  movement  by value by income
Sector
                                                                                   
Industrial        332.2       50%       42%       1.6      0.5%       51%       43%
Retail            138.8       21%       22%         -         -       22%       22%
warehouse
Other 11  11      100.7       15%       15%     (0.2)    (0.2%)       13%       14%
Office             59.5        8%       14%     (0.1)    (0.5%)        9%       14%
High street        38.1        6%        7%     (0.3)    (0.8%)        5%        7%
retail
                                                                                   
Total             669.3      100%      100%       1.0                100%      100%

 

For   details    of    all    properties    in    the    portfolio    please    see
 12 custodianreit.com/property-portfolio.

 

Board

 

Elizabeth McMeikan stepped down from the Board of McBride plc on 31 March 2026.

 

                                     - Ends -

 

Further information:

 

Further information regarding  the Company can  be found at  the Company's  website
 13 custodianreit.com or please contact:

 

Custodian Capital Limited                                              
Richard Shepherd-Cross – Managing Director

Ed Moore – Finance Director                    Tel: +44 (0)116 240 8740

Ian Mattioli MBE DL – Chairman
                                            14 www.custodiancapital.com

 

Deutsche Bank AG, London Branch                         
Hugh Jonathan / George Shiel    Tel: +44 (0)20 7260 1000
                                   www.DBnumis.com/funds

 

FTI Consulting                                                                     
Richard Sunderland / Ellie Sweeney / Andrew                Tel: +44 (0)20 3727 1000
Davis / Oliver Parsons
                                                 15 custodianreit@fticonsulting.com

 

Notes to Editors

 

Custodian Property Income  REIT plc  is a UK  real estate  investment trust,  which
listed on  the main  market of  the London  Stock Exchange  on 26  March 2014.  Its
portfolio comprises  properties predominantly  let to  institutional grade  tenants
throughout  the  UK  and  is   principally  characterised  by  smaller,   regional,
core/core-plus properties. 

 

The Company  offers investors  the opportunity  to secure  an attractive  level  of
income with the potential for capital growth through a diversified portfolio of  UK
commercial real  estate comprising  principally smaller,  regional,  core/core-plus
properties, accessed via a closed-ended listed fund.

 

Custodian Capital Limited is the discretionary investment manager of the Company.

 

For more information visit  16 custodianreit.com and  17 custodiancapital.com.

═══════════════════════════════════════════════════════════════════════════════════

 18  1  European Public Real Estate Association.

 19  2  EPRA EPS: Profit after tax, excluding depreciation and net gains on
investment property, divided by weighted average number of shares in issue
(excluding treasury shares) during the Quarter.

 20  3  Based on 84.5p share price as at market close on 19 May 2026.

 21  4  Adjusting for property acquisitions, disposals and capital expenditure.

 22  5  Grove Court Properties (Holdings) Limited (“Grove Court”) and Scorpion
Properties Limited (“Scorpion”).

 23  6  NAV per share movement including dividends paid during the Quarter on
shares (excluding treasury shares) in issue at 31 December 2025.

 24  7  Gross borrowings less cash (excluding rent deposits) divided by property
portfolio and solar panel valuations.

 25  8  A quarterly interim dividend of 1.5p per share was paid during the Quarter,
relating to Q3, on shares in issue on the associated 16 January 2026 record date.

 26  9  Yield shift refers to a change in the percentage return (yield) an investor
receives on a property due to movement in its capital value due to investor market
sentiment rather than movement in rental expectations.

 27  10  Comprising: issuing 27.9m new shares and paying cash consideration of
£12.4m during the Quarter; plus 1.4m further new shares and cash of £0.3m cash to
satisfy deferred consideration.

 28  11   Comprises  drive-through  restaurants,  car  showrooms,  trade  counters,
gymnasiums, restaurants and leisure units.

 

═══════════════════════════════════════════════════════════════════════════════════

Dissemination of a Regulatory Announcement that contains inside information in
accordance with the Market Abuse Regulation (MAR), transmitted by  29 EQS Group.
The issuer is solely responsible for the content of this announcement.

View original content:  30 EQS News

═══════════════════════════════════════════════════════════════════════════════════

   ISIN:          GB00BJFLFT45
   Category Code: MSCL
   TIDM:          CREI
   LEI Code:      2138001BOD1J5XK1CX76
   Sequence No.:  427898
   EQS News ID:   2330154


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

References

   Visible links
   1. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn1
   2. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn2
   3. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn3
   4. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn4
   5. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn5
   6. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn6
   7. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn7
   8. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn8
   9. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn9
  10. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn10
  11. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftn11
  12. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=be531edfb7113375e33d32944df93de5&application_id=2330154&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news
  13. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=44eae66ce326b2005a19503bbab5faed&application_id=2330154&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news
  14. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c24dec6d0ea6c746569ddd52de0eca8d&application_id=2330154&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news
  15. mailto:custodianreit@fticonsulting.com
  16. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=44eae66ce326b2005a19503bbab5faed&application_id=2330154&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news
  17. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c24dec6d0ea6c746569ddd52de0eca8d&application_id=2330154&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news
  18. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref1
  19. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref2
  20. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref3
  21. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref4
  22. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref5
  23. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref6
  24. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref7
  25. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref8
  26. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref9
  27. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref10
  28. file:///data/ucdp/tmp/xhtmlconvert_parsn_eqs_678IRVrz.html#_ftnref11
  29. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2330154&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news
  30. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=1083f8f63d0aacd14521a7fcaf70d1e3&application_id=2330154&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news


============

Recent news on Custodian Property Income Reit

See all news