“About 70% of leases have been secured, extending WALE to 6.9 years and significantly de-risking the previously concentrated 2028 expiry profile. With retention rates guided at 85–95%, occupancy risk remains manageable,” she adds.
Liu Miaomiao of Maybank Securities has initiated coverage on Elite UK REIT (SGX:MXNU
) , citing the sustainable and defensive dividend yield backed by the UK government, the REIT’s key tenant.
Elite UK REIT’s investment case is anchored on improved income visibility following the ongoing re-gear of its largest tenant, the Department for Work and Pensions (DWP), says Liu in her June 7 initiation report.
