Bull, Bear & Beyond – Custodian Property Income REIT: executive interview
16/06/2026
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.
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About Bull, Bear & Beyond: Each episode features candid conversations with senior executives and from our own team of experts from across industries, exploring strategy, innovation, and the opportunities shaping their markets and 60-second pieces are a compressed summary of content designed to convey our message in a single, easily shareable hit.
Custodian Property Income REIT – executive interview
16/06/2026
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.
Custodian Property Income REIT — A year of growth
15/06/2026
Custodian Property Income REIT (CREI) has published its FY26 results. Consistent rent growth through the year, in combination with active asset management, underpinned increased earnings and capital growth. The acquisitions of three privately-held property companies, complementary to CREI’s higher-yielding, smaller lot size strategy, were immediately accretive to earnings and added more than 10% to portfolio size, providing an innovative route to increased scale and the benefits that brings. We believe there are clear benefits to many investors in being able to access the commercial property market through a diversified, income-focused and conservatively managed REIT.