She also notes that the REIT’s 1QFY20201 revenue of GBP6.6 million represented 17% of Lock’s full-year estimate and was 15.1% higher than its Initial Public Offering (IPO) forecast, helped by initial contributions of some GBP0.9 million from its maiden acquisition portfolio.
Elite Commercial REIT’s distribution per unit (DPU) and revenue for the 1QFY2021 ended March is in line with CGS-CIMB Research’s estimates, prompting analyst Lock Mun Yee to retain her rating for the counter.
Elite Commercial REIT’s 1QFY2021 DPU of 1.22 pence represented a 64.9% jump y-o-y and 25% of Lock’s full-year estimate. It was also 1.8% higher than the REIT’s IPO forecast.
