As at Dec 31, 2024, its net asset value per unit was GBP0.41, its gearing ratio was 42.5% and its interest coverage ratio was 2.5 times. Borrowing costs declined by around 30 basis points to 4.9% from 5.2% a year ago.
Elite UK REIT has reported a distribution per unit of 1.47 pence (2.47 cents) for its 2HFY2024, up 5.8% y-o-y. This brings its full-year distribution to 2.87 pence, up 5% over the preceding FY2023.
Revenue for its 2HFY2024 ended Dec 31, 2024 dipped by 1.7% y-o-y to GBP18.89 million while distributable income increased by 6.5% to GBP.927 million.
