Elite Commercial REIT explained that the lower DPU was due to the election of its manager’s fees in cash, increased borrowings and interest costs, as well as an enlarged equity base compared to last year.
Elite Commercial REIT has reported a 9MFY2022 ended September revenue of GBP27.9 million ($44.63 million), a 10.3% increase compared to the same period the year before.
But despite this rise, distributable income for the REIT also came 0.3% lower at GBP18.2 million, and 9MFY2022 distribution per unit (DPU) stood at 3.79 pence, 7.8% lower y-o-y.
