“Recent DWP lease renewals such as Theatre Buildings achieve a 5% rental reversion and we expect reversion to be at least on par with current UK CPI, which is 3.5% as of Nov 2025,” states Hashim.
PhillipCapital analyst Hashim Osman has downgraded his call on Elite UK REIT (SGX:MXNU
) to "accumulate" following recent share price performance, while keeping the target price of 39 pence unchanged.
In his report dated Jan 7, the analyst mentions that Elite UK REIT has around 95.7% of leases expiring in FY2028 with negotiation outcome expected in 1QFY2026. Hashim highlights that Elite UK REIT’s management team expects a staggered lease expiry profile post-regearing.
