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Elite Commercial REIT
Broker's Calls
UOB Kay Hian keeps ‘buy’ on Elite Commercial REIT with removal of break clause following lease renegotiation
Koh has trimmed his FY2022 and FY2023 distribution per unit (DPU) by 6% and 15% respectively
May 26, 2022
Results
Elite Commercial REIT reports 4.9% higher DPU of 1.28 pence in 1QFY2022
Distributable income during the quarter surged 36.2% y-o-y to GBP6.14 million.
April 29, 2022
REITs
Break clauses for 8 more properties removed for Elite REIT taking taking expiries to 2028 for 83% of portfolio
Elite Commercial REIT's manager has removed break clauses from 8 more properties taking total to 108 or 83.2% of portfolio by GRI
March 11, 2022
Broker's Calls
Strong income visibility following UK agreements 'key positive' for Elite Commercial REIT
Analysts are keeping their target prices unchanged at 76 British pence and 80 British pence for CGS-CIMB and DBS respectively.
March 09, 2022
REITs
Elite Commercial REIT to invest $22.7 mil in asset enhancement works to improve sustainability for UK assets
The move comes in line with the UK government’s commitment to achieving net zero carbon emissions by 2050
March 01, 2022
Results
Elite Commercial REIT distributable income surges 65.2% with 58 acquisitions in FY2021
The first and only UK-focused S-REIT owes its 2021 results to its maiden acquisition of 58 UK commercial properties last March.
February 21, 2022
Broker's Calls
Analysts maintain 'buy' on Elite Commercial REIT on attractive yield
Analysts project an FY22 dividend yield of around 7.5% to 8.2% for Elite Commercial REIT.
November 03, 2021
Results
Elite Commercial REIT posts 3Q21 DPU of 1.48 pence, 20.3% above IPO projection
The REIT's portfolio remains 100% occupied, with a WALE of 6.4 years.
November 01, 2021
REITs
Elite Commercial REIT completes listing of subsidiary on TISE
The technical listing will offer the REIT favourable tax treatment for its UK entities.
August 27, 2021
Broker's Calls
'Buy' 'pandemic-proof' Elite Commercial REIT for its unique UK position: analysts
Elite Commercial REIT is the only UK-focused Singapore REIT.
August 05, 2021