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Elite Commercial REIT
Results
Elite Commercial REIT outperforms IPO forecast with DPU of 1.95 pence
The DPU represents a 1.0% increase from its forecast of 1.93 pence.
July 23, 2020
Broker's Calls
Elite Commercial REIT, an elite REIT offering stability and growth : CGS-CIMB
“ECR offers investors stability and growth, backed by a long lease profile and inflation-linked lease structure,” say CGS-CIMB analysts.
June 30, 2020
Results
Elite Commercial REIT reports DPU 1.296 cents, 1.4% higher than estimated since IPO
The managers of Mainboard-listed Elite Commercial REIT has reported a distribution per unit of 0.74 pence (1.296 Singapore cents) for the financial period from February 6 to March 31.
May 11, 2020
REITs
A Brexit-proof REIT?
SINGAPORE (Feb 17): Victor Song was all smiles after Elite Commercial REIT (Elite REIT) got off to a flying start in its trading de-but on Feb 6. Singapore’s first sterling-denominated REIT with a fo-cus on assets in the United Kingdom opened at GBP0.
February 14, 2020
IPO
Elite Commercial REIT reports public tranche for IPO 8.3 times subscribed
Overall, the £78.0 million IPO comprising the placement and public tranches was approximately 3.4 times subscribed, receiving total subscription valued at about £266.8 million.
February 05, 2020
IPO
Elite Commercial REIT launches IPO at 7.1% yield
Elite Commercial REIT is offering 108.98 million units to international investors outside of the US and 5.74 million units to the Singapore public. The IPO price is £0.68 per unit, the equivalent of $1.21 per unit. The yield at this price will be 7.1%. Th
January 28, 2020