The REIT underwent a name change in May 2024 alongside an expanded investment strategy that now includes purpose-built student accommodation (PBSA) and soon, its Peel Park land plot could house a data centre.
DBS Group Research has upgraded Elite UK REIT to “buy” from “hold” previously, as the UK-focused REIT’s distributions per unit (DPU) have apparently bottomed out in FY2024 ended Dec 31, 2024 after a “challenging three years”.
In a Feb 12 note, DBS analysts Tabitha Foo, Derek Tan and Dale Lai also raised their target price on Elite UK REIT to 36 pence (61 cents), up from 25 pence previously.
