Custodian Reit – Interim results

·     NAV per share of 101.7p

·     Portfolio value of £383.5m

·     Profit after tax of £8.3m

·     £43.0m² of new equity raised at an average premium of 5.0% to dividend adjusted NAV

·     Dividends of 3.25p per share paid in the Period³, proposed Q2 dividend of 1.5875p per share

·     £66.6m invested in 18 acquisitions and on-going developments during the Period

·     £15.0m committed pipeline of property acquisition opportunities

·     £3.5m portfolio valuation uplift⁴ including £3.3m from successful asset management initiatives

·     Portfolio net initial yield⁵ 6.95%, unexpired lease term⁶ 6.2 years, occupancy rate⁷ 97.8%

·     Net gearing⁸ of 21.1% loan-to-value

·     Drawn down £45.0m 12-year fixed rate loan and repaid £20m five-year variable rate loan

·     Heads of terms agreed for a £50m 15-year fixed rate loan