Custodian Property Income REIT — Immediately accretive strategic growth
20/02/2026
Custodian Property Income REIT (CREI) has completed the £36m corporate acquisition of a highly complementary, diversified family-owned portfolio (Grove Court Properties), which is its second such transaction in the past nine months. The acquisition has been financed by the issuance to the vendor of new CREI shares (75%) on an adjusted NAV for NAV basis and cash (25%). It delivers immediate earnings enhancement, improved dividend cover and offers the potential for value creation through asset and portfolio management opportunities. CREI has also published its Q326 update, with a NAV total return of 2.3%, taking the year-to-date total to 8.4%.
Bull, Bear & Beyond – Custodian Property Income REIT: executive interview
17/02/2026
In this interview, Richard Shepherd-Cross, fund manager of Custodian Property Income REIT (CREI), discusses the £36m corporate acquisition of a highly complementary, diversified family owned portfolio, its second such transaction in the past nine months. The acquisition provides a further demonstration of CREI’s ability to effectively marry its investment strategy and listed REIT structure to facilitate the corporate acquisition of family property companies using majority-share consideration. The transaction delivers immediate earnings enhancement, improved dividend cover and offers the potential for value creation through asset and portfolio management opportunities. It is also a further step in CREI’s strategy to increase scale through selective portfolio acquisitions.
Listen on your preferred podcast player below:
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
17/02/2026
In this interview, Richard Shepherd-Cross, fund manager of Custodian Property Income REIT (CREI), discusses the £36m corporate acquisition of a highly complementary, diversified family owned portfolio, its second such transaction in the past nine months. The acquisition provides a further demonstration of CREI’s ability to effectively marry its investment strategy and listed REIT structure to facilitate the corporate acquisition of family property companies using majority-share consideration. The transaction delivers immediate earnings enhancement, improved dividend cover and offers the potential for value creation through asset and portfolio management opportunities. It is also a further step in CREI’s strategy to increase scale through selective portfolio acquisitions.