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Custodian REIT

BATS-CHIXE:CREIl
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CREIl
BATS-CHIXE
£410M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Custodian REIT aims to be the Real Estate Investment Trust of choice for private and institutional investors seeking high and stable dividends from well-diversified UK real estate. The last earnings update was 108 days ago. More info.


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CREIl Share Price and Events
7 Day Returns
15.1%
BATS-CHIXE:CREIl
6.6%
GB REITs
6%
GB Market
1 Year Returns
-11.9%
BATS-CHIXE:CREIl
-20%
GB REITs
-22.7%
GB Market
CREIl Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Custodian REIT (CREIl) 15.1% -8% -14.4% -11.9% -12.5% -
GB REITs 6.6% -22.8% -28.8% -20% -16.1% -22%
GB Market 6% -20.3% -28.1% -22.7% -24.6% -22%
1 Year Return vs Industry and Market
  • CREIl outperformed the REITs industry which returned -20% over the past year.
  • CREIl outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -22.7% over the past year.
Price Volatility
CREIl
Industry
5yr Volatility vs Market

CREIl Value

 Is Custodian REIT undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Custodian REIT to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Custodian REIT.

BATS-CHIXE:CREIl Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in GBP £ 0.066925
Payout Ratio Company Filings (2019-09-30) 7640.2%
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:CREIl
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.46
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.46 (1 + (1- 19%) (36.76%))
0.642
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.8 * 6.07%)
5.39%

Discounted Cash Flow Calculation for BATS-CHIXE:CREIl using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Custodian REIT is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BATS-CHIXE:CREIl Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= £0.07 / (5.39% - 0.53%)
£1.39
BATS-CHIXE:CREIl Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:CREIl represents 1.00204x of LSE:CREI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00204x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.38 x 1.00204
£1.38
Value per share (GBP) From above. £1.38
Current discount Discount to share price of £0.98
= -1 x (£0.98 - £1.38) / £1.38
29.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Custodian REIT is available for.
Intrinsic value
29%
Share price is £0.98 vs Future cash flow value of £1.38
Current Discount Checks
For Custodian REIT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Custodian REIT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Custodian REIT's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Custodian REIT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Custodian REIT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:CREIl PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.02
LSE:CREI Share Price ** LSE (2020-03-27) in GBP £0.98
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.85x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 747 Publicly-Listed Companies 12.54x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Custodian REIT.

BATS-CHIXE:CREIl PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:CREI Share Price ÷ EPS (both in GBP)

= 0.98 ÷ 0.02

50.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Custodian REIT is overvalued based on earnings compared to the GB REITs industry average.
  • Custodian REIT is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Custodian REIT's expected growth come at a high price?
Raw Data
BATS-CHIXE:CREIl PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 50.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
87.1%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.65x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 531 Publicly-Listed Companies 0.98x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:CREIl PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 50.3x ÷ 87.1%

0.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Custodian REIT is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Custodian REIT's assets?
Raw Data
BATS-CHIXE:CREIl PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £1.04
LSE:CREI Share Price * LSE (2020-03-27) in GBP £0.98
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 53 Publicly-Listed REITs Companies 0.74x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,322 Publicly-Listed Companies 1.08x
BATS-CHIXE:CREIl PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:CREI Share Price ÷ Book Value per Share (both in GBP)

= 0.98 ÷ 1.04

0.94x

* Primary Listing of Custodian REIT.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Custodian REIT is overvalued based on assets compared to the GB REITs industry average.
X
Value checks
We assess Custodian REIT's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Custodian REIT has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CREIl Future Performance

 How is Custodian REIT expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
87.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Custodian REIT expected to grow at an attractive rate?
  • Custodian REIT's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Custodian REIT's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Custodian REIT's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:CREIl Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:CREIl Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 87.1%
BATS-CHIXE:CREIl Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.3%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 24.2%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:CREIl Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:CREIl Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 43 31 2
2020-03-31 41 15 2
BATS-CHIXE:CREIl Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 41 26 8
2019-06-30 40 29 16
2019-03-31 40 32 24
2018-12-31 39 33 30
2018-09-30 38 35 36
2018-06-30 36 30 34
2018-03-31 35 25 32
2017-12-31 33 21 31
2017-09-30 32 17 29
2017-06-30 30 19 27
2017-03-31 28 21 24
2016-12-31 25 19 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Custodian REIT's earnings are expected to grow significantly at over 20% yearly.
  • Custodian REIT's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:CREIl Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Custodian REIT Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CREIl Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.08 0.08 0.08 1.00
2020-03-31 0.04 0.04 0.04 1.00
BATS-CHIXE:CREIl Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.02
2019-06-30 0.04
2019-03-31 0.06
2018-12-31 0.08
2018-09-30 0.09
2018-06-30 0.09
2018-03-31 0.09
2017-12-31 0.09
2017-09-30 0.09
2017-06-30 0.08
2017-03-31 0.08
2016-12-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Custodian REIT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Custodian REIT's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Custodian REIT has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CREIl Past Performance

  How has Custodian REIT performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Custodian REIT's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Custodian REIT's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Custodian REIT's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Custodian REIT's 1-year earnings growth is negative, it can't be compared to the GB REITs industry average.
Earnings and Revenue History
Custodian REIT's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Custodian REIT Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CREIl Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 40.84 7.77 1.39
2019-06-30 40.40 15.71 1.41
2019-03-31 39.97 23.65 1.43
2018-12-31 38.86 29.72 1.39
2018-09-30 37.74 35.80 1.34
2018-06-30 36.27 34.11 1.30
2018-03-31 34.81 32.42 1.25
2017-12-31 33.28 30.78 1.15
2017-09-30 31.75 29.14 1.05
2017-06-30 29.68 26.67 1.01
2017-03-31 27.61 24.21 0.97
2016-12-31 25.26 17.90 1.00
2016-09-30 22.90 11.60 1.03
2016-06-30 20.96 11.40 0.95
2016-03-31 19.01 11.21 0.88
2015-12-31 17.16 12.30 0.74
2015-09-30 15.30 13.39 0.60
2015-06-30 13.43 11.07 0.69
2015-03-31 11.57 8.75 0.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Custodian REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Custodian REIT used its assets less efficiently than the GB REITs industry average last year based on Return on Assets.
  • Custodian REIT has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Custodian REIT's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Custodian REIT has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CREIl Health

 How is Custodian REIT's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Custodian REIT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Custodian REIT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Custodian REIT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Custodian REIT's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Custodian REIT Company Filings, last reported 5 months ago.

BATS-CHIXE:CREIl Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 428.51 150.70 41.66
2019-06-30 428.51 150.70 41.66
2019-03-31 426.62 137.53 2.47
2018-12-31 426.62 137.53 2.47
2018-09-30 427.54 117.46 8.19
2018-06-30 427.54 117.46 8.19
2018-03-31 415.20 113.36 5.06
2017-12-31 415.20 113.36 5.06
2017-09-30 378.56 98.47 8.05
2017-06-30 378.56 98.47 8.05
2017-03-31 351.88 63.79 5.81
2016-12-31 351.88 63.79 5.81
2016-09-30 297.08 85.90 6.66
2016-06-30 297.08 85.90 6.66
2016-03-31 255.06 65.14 5.46
2015-12-31 255.06 65.14 5.46
2015-09-30 196.46 39.28 8.35
2015-06-30 196.46 39.28 8.35
2015-03-31 179.99 23.81 0.85
  • Custodian REIT's level of debt (35.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Custodian REIT's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (17.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.9x coverage).
X
Financial health checks
We assess Custodian REIT's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Custodian REIT has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CREIl Dividends

 What is Custodian REIT's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.81%
Current annual income from Custodian REIT dividends. Estimated to be 6.86% next year.
If you bought £2,000 of Custodian REIT shares you are expected to receive £136 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Custodian REIT's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.7%).
  • Custodian REIT's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.3%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:CREIl Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 630 Stocks 6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:CREIl Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.07 2.00
2020-03-31 0.07 2.00
BATS-CHIXE:CREIl Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-12-12 0.067 6.060
2019-06-21 0.066 5.627
2019-06-06 0.066 5.552
2018-10-03 0.066 5.657
2018-07-11 0.066 5.416
2018-06-21 0.065 5.315
2018-06-05 0.065 5.346
2017-04-18 0.064 5.498
2016-04-27 0.067 6.210
2016-01-27 0.064 5.900
2015-11-19 0.060 5.624
2015-07-28 0.060 5.564
2015-04-30 0.060 5.520
2015-02-02 0.050 4.643
2014-11-25 0.050 4.675
2014-07-28 0.050 4.626

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Custodian REIT has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Custodian REIT only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Custodian REIT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Custodian REIT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Custodian REIT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Custodian REIT has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CREIl Management

 What is the CEO of Custodian REIT's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Shepherd-Cross
AGE 48
CEO Bio

Mr. Richard Shepherd-Cross, Bsc Mrics serves as Managing Director and Investment Manager of Custodian REIT Plc. Mr. Shepherd-Cross served as Property Consultant of Mattioli Woods PLC. Mr. Shepherd-Cross serves as Managing Director and Executive Director of Custodian Capital Limited. He has more than 20 years’ experience in the commercial property market. Prior to Custodian Capital, he served as a Director at Jones Lang LaSalle in London running a team focused on portfolios of commercial investment property. He has experience across the national commercial property market and all commercial property types, with a strong focus on investment. He is a chartered surveyor having graduated from Reading university in 1994 in land Management and attaining the MRICS qualification in 1996.

CEO Compensation
  • Insufficient data for Richard to compare compensation growth.
  • Insufficient data for Richard to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Ian Mattioli

TITLE
Founder & Chairman
COMPENSATION
£38K
AGE
54

Richard Shepherd-Cross

TITLE
Managing Director
AGE
48

Nathan James Imlach

TITLE
CFO & Company Secretary
AGE
50
Board of Directors

David Hunter

TITLE
Independent Non-Executive Chairman
COMPENSATION
£58K
AGE
64

Ian Mattioli

TITLE
Founder & Chairman
COMPENSATION
£38K
AGE
54

Matthew Wadman Thorne

TITLE
Independent Non-Executive Director
COMPENSATION
£46K
AGE
66
TENURE
6 yrs

Barry Gilbertson

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£43K
AGE
68

Hazel Adam

TITLE
Independent Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Custodian REIT's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Custodian REIT has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CREIl News

Simply Wall St News

CREIl Company Info

Description

Custodian REIT aims to be the Real Estate Investment Trust of choice for private and institutional investors seeking high and stable dividends from well-diversified UK real estate. Custodian REIT plc was launched as a main-market-listed, property investment company on the London Stock Exchange on 26 March 2014. The company was established with a seed portfolio of £95m and successful IPO, raising further 55m. Subsequent placings and considerable investment into UK regional real estate has seen the company grow to its current market capitalisation. The £95m seed portfolio was sourced from an existing portfolio of 48 properties, held by clients of Mattioli Woods and managed by Custodian Capital for the previous 12 years. Custodian Capital Limited is a subsidiary of Mattioli Woods plc. Custodian Capital is a property investment and management business, authorised and regulated by the Financial Conduct Authority (FCA). Their core business is acting as fund manager to Custodian REIT plc.

Details
Name: Custodian REIT Plc
CREIl
Exchange: BATS-CHIXE
Founded: 2014
£409,972,063
420,053,344
Website: http://www.custodianreit.com
Address: Custodian REIT Plc
MW House, 1 Penman Way,
Grove Park, Enderby,
Leicester,
East Lothian, LE19 1SY,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CREI Ordinary Shares London Stock Exchange GB GBP 26. Mar 2014
BATS-CHIXE CREIl Ordinary Shares BATS 'Chi-X Europe' GB GBP 26. Mar 2014
Number of employees
Current staff
Staff numbers
0
Custodian REIT employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 19:51
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/01/16
Last earnings filing: 2019/12/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.