from Edison Investment Research Limited (LON:KEFI)
Edison issues report on Custodian Property Income REIT (LSE: CREI)
Edison Investment Research Limited
London, UK, 10 November 2026
Edison issues report on Custodian Property Income REIT (CREI) Edison issues report on Custodian Property Income REIT (LSE: CREI) HgT reported a 2.0% NAV total return (TR) in Q326, following a 0.5% increase in Q226, bringing its NAV per share to 539.1p, continuing the recovery from the Q126 low and limiting the year-to-date NAV TR decline to 3.1%. Continued strong trading added 5% to gross portfolio value during Q326 (15% year to date), more than offsetting a negative 2% impact from lower comparable multiples. Last-12-month revenue and EBITDA grew by a strong 15% and 19% y-o-y, respectively (of which 11% and 17% was organic), at a healthy EBITDA margin of 35% (end-June 2026: 34%). Despite a selective recovery in listed software valuations during Q3, application and vertical software stocks have lagged, leading to a further decline in HgT’s weighted average EV/EBITDA multiple to 22.6x (end-2025: 25.2x). Average net debt to EBITDA improved further to 6.7x from 7.4x at end-2025. Click here to read the full report. All reports published by Edison are available to download free of charge from its website Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: +44 (0)20 3077 5700 Connect with Edison on:
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