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Elite Commercial REIT raises GBP28 mil with preferential offering oversubscribed
The REIT's preferential offering was oversubcribed by over 120%.
January 16, 2024
Broker's Calls
PhillipCapital maintains 'buy' for Elite Commercial REIT after news of GBP28mil raise through preferential offering
Analyst Liu Miaomiao has factored in transitions into calculations, maintains forecast with target price of 0.36 GBP pence.
December 20, 2023
REITs
Elite Commercial REIT to raise GBP28 mil through preferential offering
The gross proceeds will be used to mainly repay debt and reduce the REIT’s gearing.
December 19, 2023
REITs
Units in Elite Commercial REIT open 10.7% lower after portfolio valuations drop
That said, distributions to its unitholders remain unaffected.
December 05, 2023
Results
Elite Commercial REIT reports 9MFY2023 DPU of 2.82 pence, 25.6% lower y-o-y
As at Sept 30, the REIT’s net asset value (NAV) remained stable at 51 pence.
November 07, 2023
Broker's Calls
Maybank Securities takes a closer look at Elite Commercial REIT in unrated report
The report comes after analyst Li Jialin visited the REIT’s UK office assets.
October 20, 2023
REITs Report 2023
Elite Commercial REIT renewed through fresh leadership, key priorities
The manager of Asia’s only UK REIT recently underwent leadership renewal with CEO Joshua Liaw appointed earlier this year.
September 14, 2023
Insider moves
CEO of Elite Commercial REIT’s manager acquires 23,300 units for 24.5 pence apiece
Liaw, who was made CEO on June 17, purchased the units totalling GBP5,708.50 on Sept 8.
September 09, 2023
Results
Elite Commercial REIT 1HFY2023 DPU falls 24.2%, announces divestment of five assets
At 90% payout ratio, unitholders will receive DPU of 1.74 pence.
August 07, 2023
REITs
Elite Commercial REIT's manager announces board changes
Elite Commercial REIT's manager announces board changes including resignation of Shaldine Wang as director
June 20, 2023