Custodian Property Income REIT Releases Q3 Trading Update

Custodian Property Income REIT plc reported continued asset management success in its Q3 trading update. Despite market challenges in 2025 due to the UK Budget anticipation, the company recorded strong leasing activities, enhancing occupancy and rental growth. As a result, EPRA earnings per share improved, with an approved Q3 dividend of 1.5p per share fully covered.

During Q3, the REIT issued the final tranche of shares for the Merlin portfolio acquisition, a strategic move facilitating growth without new cash equity. The company noted an uptick in retail investor interest, driven by stable property valuations and positive market outlooks.

Leasing highlights included eight new leases with a 10% rent premium over ERV, and notable income growth of 14% already embedded in the portfolio. The net asset value per share increased to 99.8p, supported by a 2.4% NAV total return in Q3, and ongoing asset management initiatives promise further gains.