Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Custodian Property Income REIT plc is a UK-based Real Estate Investment Trust (REIT) structured as a closed-ended investment company. It provides shareholders with an attractive level of income and potential for capital growth by investing in a diversified portfolio of smaller, regional UK commercial properties, typically valued at around £4 million each. The portfolio emphasizes core and core-plus assets with strong income characteristics, balancing exposure across industrial, retail, office, and alternative sectors while minimizing risk through over 150 properties and more than 300 institutional-grade tenants, with no single tenant exceeding 1.75% of the rent roll. Notable features include quarterly dividends fully covered by earnings, active asset management for rental growth and energy efficiency improvements—targeting EPC ratings of A-D by December 2025—and a focus on resilient, high-yield regional lots. With total assets around £626 million, net gearing at approximately 28.5% loan-to-value, and a strategy of accretive sales and refurbishments, Custodian Property Income REIT plc plays a key role in the commercial real estate market by delivering stable income from well-diversified, income-secure investments amid varying economic conditions.
£0.88
£0.01 (-0.79%)
EOD Jul 3, 2026
Revenue grew 410.9%, still solid.
Net debt of £166M represents 7.0x FCF, leverage limits flexibility.
10.1x earnings, 16.4x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£50M
▲ +410.9% YoY
Net Income (TTM)
£38M
▲ +2640.3% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
£24M
▲ +11.6% YoY
Op. Cash Flow (TTM)
£42M
▲ +81.7% YoY
Net Debt
£166M
Cash & Equiv.
£8M
3Y CAGR: -27.2%
3Y CAGR: -1.3%
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At a P/E of 10.1 and a price-to-free-cash-flow of 16.4, Custodian Property Income REIT (CREI.XLON) trades above a two-stage DCF intrinsic value of about £0.88 per share, so at £0.88 the stock looks overvalued (0.3% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Custodian Property Income REIT scores 42/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 7.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £0.88 per share for CREI.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £0.66. At today's £0.88, that puts the stock about 0.3% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Custodian Property Income REIT scores 42 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a mixed business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Custodian Property Income REIT pays a regular dividend of about £0.06 per share per year (typically in quarterly installments), a yield of roughly 7.0% at the current price. That is a payout ratio of about 71.3% of earnings, so the dividend is covered, with less cushion. Custodian Property Income REIT has grown the dividend at roughly 7.2% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For CREI.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. CREI.XLON currently trades above its estimated intrinsic value and scores 42/100 on quality (mixed). It also yields about 7.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.