Richard Shepherd-Cross, Managing Director of Custodian Capital Limited, the Mattioli Woods commercial property arm, discusses the recent FY17 results, which showed a 2% increase in NAV and a 48% rise in earnings.
In the below video segments, Richard discusses the main drivers of the increases in earnings and NAV during the year. He looks at how the 25 acquisitions in the year have maintained the geographical and sectoral focus of the portfolio. He goes on to talk about whether there are still opportunities to acquire properties at yields in line with its targets and the financial resources the company has to continue building the portfolio. He then discusses the potential for rental growth across the regions over the next two years. Finally, he covers dividend growth and the aim to maintain a covered dividend this year and beyond.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is their world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, their research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
View our Edison research page here.