Custodian Property Income REIT PLC Reports Strong Recovery, Raising Dividend and Optimistic about Future Growth

Strategic Insights -

The Leicester, England-based real estate investment trust, Custodian Property Income REIT PLC, has reported a positive financial year, with a significant improvement in its net asset value and earnings. The company's net asset value per share rose to 96.1 pence as at March 31, up 2.9% from 93.4p a year ago, indicating a strong recovery in asset prices. Custodian Property also swung to a pretax profit of GBP38.2 million in the financial year ended March 31, from a loss of GBP1.5 million in financial 2024. Additionally, the company reported a 1.5% increase in rental revenue to GBP42.8 million and a gain on investment property and depreciation of GBP11.4 million, compared to a loss of GBP25.7 million in financial 2024.

Key Takeaways:

  • Custodian Property Income REIT PLC reported a net asset value per share of 96.1 pence as at March 31, up 2.9% from 93.4p a year ago.
  • The company swung to a pretax profit of GBP38.2 million in the financial year ended March 31, from a loss of GBP1.5 million in financial 2024.
  • Rental revenue edged up 1.5% to GBP42.8 million from GBP42.2 million.
  • The company reported a gain on investment property and depreciation of GBP11.4 million, compared to a loss of GBP25.7 million in financial 2024.
  • Custodian Property declared a total dividend of 6.0p for financial 2025, up 3.4% from 5.8p.
  • The dividend yield was 7.9%, higher compared to 7.2% in financial 2024.

Statistics:

  • Net asset value per share: 96.1 pence (as at March 31)
  • Increase in net asset value: 2.9% from 93.4p a year ago
  • Pretax profit: GBP38.2 million (financial year ended March 31)
  • Rental revenue: GBP42.8 million (up 1.5% from GBP42.2 million)
  • Gain on investment property and depreciation: GBP11.4 million
  • Loss on investment property and depreciation (2024): GBP25.7 million
  • Dividend yield: 7.9% (higher compared to 7.2% in 2024)
  • Dividend payout: 6.0p (up 3.4% from 5.8p)

Sources:

  • Alliance News (2025) - Custodian Property Income REIT PLC on Thursday said it looked to the future with confidence, as asset prices were showing signs of recovery.