Custodian Property Income REIT (CREI) investor relations material

Executive summary

• Achieved strong operational and financial performance, underpinned by strategic acquisitions and active asset management.

• Acquired three privately owned property companies for £63.8m, adding 40 assets and further diversifying the portfolio.

• Maintained a fully covered dividend, supported by resilient income from a diversified tenant base of over 350 tenants.

• Portfolio focused on smaller, regional UK properties with enhanced yield and strong environmental credentials.

Financial highlights

• EPRA earnings per share grew 3.3% to 6.3p; IFRS profit before tax rose to £48.3m (2025: £38.2m).

• Dividend per share maintained at 6.0p, with 104.8% cover and a 7.5% yield as of 31 March 2026.

• NAV per share increased 3.7% to 99.7p; NAV total return per share was 10.0%.

• Like-for-like contractual rent grew 3.4% to £49.2m; estimated rental value (ERV) up 3.3% like-for-like.

• Portfolio valuation increased 2.7% like-for-like to £669.3m; occupancy improved to 92.4%.

• Disposal proceeds of £19.9m achieved at a 23% premium to pre-offer valuation.

Outlook and guidance

• Target dividend per share for FY27 set at 6.0p.

• Expectation of continued income and rental growth as the main driver of total return amid elevated interest rates.

• Ongoing focus on strategic acquisitions, asset management, and sustainability-led refurbishments.