Elite UK REIT’s portfolio valuation rose 1.2% y-o-y to GBP416 million in FY2024, driven by a 36% y-o-y increase in its Peel Park land plot in Blackpool.
Analysts from RHB Bank Singapore and Phillip Securities Research are aligned on Elite UK REIT’s target price following the release of its results for FY2024 ended Dec 31, 2024; both research houses now have a 35 pence (59 cents) target price on the UK-focused S-REIT, which represents a 17% upside from its Feb 11 close price of 30 pence.
Notably, Phillip Securities analyst Liu Miaomiao’s Feb 11 report, lists a number of positives in the REIT’s outlook — justifying her “buy” call and higher target price of 35 pence from 34 pence previously — and zero negatives.
