In the 9MFY2024, Elite UK REIT’s revenue fell by 1.75% y-o-y to GBP28 million while distributable income for the period rose by 2.8% y-o-y to GBP14 million.
Elite UK REIT has reported a distribution per unit (DPU) of 2.13 pence (3.6 cents) for the 9MFY2024 ended Sept 30, 15.8% lower than the DPU of 2.53 cents reported in the 9MFY2023.
After adjusting for an enlarged base of 594.2 million units in issue after a GBP28 million preferential offering in January this year, the REIT’s 9MFY2024 DPU was actually 3.9% higher from 2.05 pence in the 9MFY2023 due to an increase in distributable income and tax savings.
