Associated equity: Custodian Property Income REIT
Custodian Property Income REIT (CREI) is a London Main Market-listed REIT focused on commercial property in the UK outside London. It is income-focused, with a commitment to pay a high but sustainable and covered dividend.
Custodian Property Income REIT — 5 videos in collection
In this interview, Richard Shepherd-Cross, the fund manager of Custodian Property Income REIT (CREI), discusses the company’s strong performance in FY26, his positive view on the commercial property market and the progress being made with CREI’s growth strategy. With rental growth having broadened across all sectors in the past year and yields having stabilised, Richard feels that commercial real estate is ‘only just coming off the bottom of the cycle and is a great buy’. While consolidation in the listed commercial real estate sector continues, he points to a similar trend among private companies, for which CREI’s diversified, smaller lot-size strategy is well suited. The acquisitions of three private company portfolios in the past year have been immediately earnings accretive and have helped to build scale, and Richard sees good potential for further transactions.