The REIT delivered higher distributable income with the yield-accretive acquisition of three government-leased properties.
Elite UK REIT has reported a distribution per unit of 1.54 pence for its 1HFY2025, up 10% y-o-y. Revenue was up just 0.5% to £18.7 million for the same half year ended June but distributable income increased by 5.8% to £9.7 million, thanks to lower interest costs and tax benefits.
Joshua Liaw, CEO of the manager, calls the first half of this year a reflection of the REIT's strategic efforts.
