How does IT3's PS Ratio compare to its peers?

IT3 is expensive based on its Price-To-Sales Ratio (7.7x) compared to the peer average (3.5x).

How does IT3's PS Ratio compare vs other companies in the European REITs Industry?

IT3 is good value based on its Price-To-Sales Ratio (7.7x) compared to the European REITs industry average (8.2x).

What is IT3's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IT3 is expensive based on its Price-To-Sales Ratio (7.7x) compared to the estimated Fair Price-To-Sales Ratio (6.1x).

What is the Fair Price of IT3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

IT3 (€0.96) is trading below our estimate of [[fair value]] (€1.11)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Custodian Property Income REIT (DB:IT3) - Stock Price, News & Analysis

IT3 Stock Overview

A UK real estate investment trust, which listed on the main market of the London Stock Exchange on 26 March 2014. More details

IT3 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	0/6
Financial Health	2/6
Dividends	3/6

Rewards

Trading at 13.8% below our estimate of its fair value

Earnings are forecast to grow 85.21% per year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 7.43% is not well covered by earnings or free cash flows

Custodian Property Income REIT plc Competitors

Fair Value REIT-AG

DB:FVI

€54.7m

Hamborner REIT

XTRA:HABA

€527.9m

Deutsche Konsum REIT-AG

XTRA:DKG

€140.6m

alstria office REIT-AG

XTRA:AOX

€1.2b

Price History & Performance

Summary of all time highs, changes and price drops for Custodian Property Income REIT
Historical stock prices
Current Share Price	UK£0.95
52 Week High	UK£1.02
52 Week Low	UK£0.75
Beta	0.30
11 Month Change	2.14%
3 Month Change	3.80%
1 Year Change	-5.45%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-22.43%

Recent updates

Shareholder Returns

	IT3	DE REITs	DE Market
7D	4.4%	2.3%	1.3%
1Y	-5.4%	3.7%	7.9%

Return vs Industry: IT3 underperformed the German REITs industry which returned 3% over the past year.

Return vs Market: IT3 underperformed the German Market which returned 7.2% over the past year.

Price Volatility

Is IT3's price volatile compared to industry and market?
IT3 volatility
IT3 Average Weekly Movement	2.4%
REITs Industry Average Movement	2.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: IT3 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: IT3's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2014	n/a	Richard Shepherd-Cross	www.custodianreit.com

Custodian Property Income REIT plc is a UK real estate investment trust, which listed on the main market of the London Stock Exchange on 26 March 2014. Its portfolio comprises properties predominantly let to institutional grade tenants on long leases throughout the UK and is principally characterised by smaller, regional, core/core-plus properties. The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund.

Custodian Property Income REIT plc Fundamentals Summary

How do Custodian Property Income REIT's earnings and revenue compare to its market cap?
IT3 fundamental statistics
Market cap	€427.70m
Earnings (TTM)	-€1.81m
Revenue (TTM)	€55.59m

7.7x

P/S Ratio

-236.9x

P/E Ratio

Is IT3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
IT3 income statement (TTM)
Revenue	UK£46.24m
Cost of Revenue	UK£10.76m
Gross Profit	UK£35.48m
Other Expenses	UK£36.98m
Earnings	-UK£1.50m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0034
Gross Margin	76.73%
Net Profit Margin	-3.25%
Debt/Equity Ratio	43.1%

How did IT3 perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

104%

Payout Ratio

Does IT3 pay a reliable dividends?

See IT3 dividend history and benchmarks

When do you need to buy IT3 by to receive an upcoming dividend?
Custodian Property Income REIT dividend dates
Ex Dividend Date	Oct 17 2024
Dividend Pay Date	Nov 29 2024
Days until Ex dividend	44 days
Days until Dividend pay date	1 day

Does IT3 pay a reliable dividends?

See IT3 dividend history and benchmarks

IT3 Stock Overview

Rewards

Risk Analysis

Custodian Property Income REIT plc Competitors

DB:FVI

€54.7m

XTRA:HABA

€527.9m

XTRA:DKG

€140.6m

XTRA:AOX

€1.2b

Price History & Performance

Recent News & Updates

An undisclosed buyer acquired 8,894 Sq Ft, Three Storey Office Building in the centre of Solihull from Custodian Property Income REIT plc (LSE:CREI) for £1.4 million.

An undisclosed buyer acquired 8,894 Sq Ft, Three Storey Office Building in the centre of Solihull from Custodian Property Income REIT plc (LSE:CREI) for £1.4 million.

Fourth quarter dividend of UK£0.015 announced

Custodian Property Income REIT plc Announces Second Quarterly Interim Dividend for the Financial Year Ending 31 March 2025, Payable on November 29, 2024

Now 20% undervalued

New major risk - Revenue and earnings growth

Recent updates

An undisclosed buyer acquired 8,894 Sq Ft, Three Storey Office Building in the centre of Solihull from Custodian Property Income REIT plc (LSE:CREI) for £1.4 million.

An undisclosed buyer acquired 8,894 Sq Ft, Three Storey Office Building in the centre of Solihull from Custodian Property Income REIT plc (LSE:CREI) for £1.4 million.

Fourth quarter dividend of UK£0.015 announced

Custodian Property Income REIT plc Announces Second Quarterly Interim Dividend for the Financial Year Ending 31 March 2025, Payable on November 29, 2024

Now 20% undervalued

New major risk - Revenue and earnings growth

Fourth quarter dividend of UK£0.015 announced

Custodian Property Income REIT plc, Annual General Meeting, Aug 08, 2024

Full year 2024 earnings released: UK£0.003 loss per share (vs UK£0.15 loss in FY 2023)

New major risk - Revenue and earnings growth

Dividend of UK£0.017 announced

Now 20% undervalued

Now 21% undervalued after recent price drop

New minor risk - Share price stability

Now 23% undervalued after recent price drop

Upcoming dividend of UK£0.014 per share at 6.4% yield

Custodian Property Income REIT plc Declares Third Quarterly Interim Dividend for the Financial Year Ending 31 March 2024, Payable on 29 February 2024

Custodian Property Income REIT plc Expects to Continue to Pay Quarterly Dividends

First half 2024 earnings released: UK£0.006 loss per share (vs UK£0.032 loss in 1H 2023)

Custodian Property Income REIT plc Confirms Second Quarterly Interim Dividend for the Financial Year Ending 31 March 2024, Payable on 30 November 2023

Custodian Property Income REIT plc Announces Retirement of David Hunter as Chair

Custodian Property Income REIT plc Confirms First Quarterly Interim Dividend for the Financial Year Ending 31 March 2024, Payable on 31 August 2023

Custodian Property Income REIT plc Confirms First Quarterly Interim Dividend for the Financial Year Ending 31 March 2024, Payable on 31 August 2023

Full year 2023 earnings released: UK£0.15 loss per share (vs UK£0.28 profit in FY 2022)

New minor risk - Financial data availability

Custodian Property Income Reit plc Announces Changes to Its Board

Upcoming dividend of UK£0.014 per share at 5.8% yield

Custodian Property Income REIT plc Confirms Third Quarterly Interim Dividend for the Financial Year Ending March 31, 2023, Payable on February 28, 2023

Custodian Property Income REIT plc, Annual General Meeting, Apr 26, 2023

First half 2023 earnings released: UK£0.032 loss per share (vs UK£0.11 profit in 1H 2022)

Now 21% undervalued after recent price drop

An unknown buyer acquired office property in Leicester from Custodian REIT Plc (LSE:CREI) for £2.8 million.

Unknown buyer acquired An industrial unit in Kilmarnock for £1.4 million.

An unknown buyer acquired Gosforth Shopping Centre from Custodian REIT Plc (LSE:CREI) for £9.3 million.

Custodian REIT Plc Confirms Second Quarterly Interim Dividend for the Financial Year Ending 31 March 2023, Payable on 30 November 2022

Investor sentiment improved over the past week

Custodian REIT Plc (LSE:CREI) acquired 91,955 Sq Ft Distribution Facility Between Glasgow and Edinburgh for £11.125 million.

An unknown buyer acquired Industrial unit in Milton Keynes from Custodian REIT Plc (LSE:CREI) for £8.5 million.

Custodian REIT Plc (LSE:CREI) acquired 47,882 sq ft Industrial Facility for £3.5 million.

Custodian REIT Plc (LSE:CREI) acquired Two retail warehouses for £8.9 million.

Full year 2022 earnings released: EPS: UK£0.28 (vs UK£0.009 in FY 2021)

Custodian REIT Plc (LSE:CREI) acquired Two drive-through restaurants on Clifton Moor Retail Park, York for £3 million.

Custodian REIT Plc (LSE:CREI) acquired 70,160 square foot retail park in Nottingham for GBP 15 million.

Full year 2022 earnings released: EPS: UK£0.28 (vs UK£0.009 in FY 2021)

Custodian REIT Plc, Annual General Meeting, Aug 31, 2022

Founder & Non-Executive Director recently bought €927k worth of stock

An unknown buyer acquired A 24,178 square foot car showroom in Derby from Custodian REIT Plc (LSE:CREI) for GBP 5.6 million.

Custodian Reit plc Announces Board and Committee Appointments

Custodian REIT Plc (LSE:CREI) acquired two retail units on Winchester High Street for approximately £4 million.

Custodian REIT plc Announces Fourth-Quarter Interim Dividend for the Financial Year Ending 31 March 2022, Payable on 31 May 2022

Shareholder Returns

Price Volatility

About the Company

Custodian Property Income REIT plc Fundamentals Summary

7.7x

-236.9x

Earnings & Revenue

Dividends

7.4%