At a payout ratio of 90%, unitholders will receive DPU of 3.07 pence for the FY2023 and 1.33 pence for the 2HFY2023. Elite Commercial REIT introduced a 10% retention of distributable income from 1HFY2023 ended June 30, 2023.
Analysts have trimmed their target prices on Elite Commercial REIT following the release of the UK-focused S-REIT’s results for FY2023 ended Dec 31, 2023.
Elite Commercial REIT reported a distribution per unit (DPU) of 3.42 British pence (5.8 cents) for FY2023, 28.9% lower y-o-y, based on a payout ratio of 100%.
