Elite Commercial REIT

Investing ideas

Elite UK REIT ‘future-proofing’ with expanded mandate: CGSI

CGS International analysts praise the new investment mandate unveiled by what was previously known as Elite Commercial REIT.

Broker's Calls

CGS International likes Elite Commercial REIT’s expanded mandate, but trims TP on 1QFY2024 results

Elite Commercial REIT's managers are future-proofing the UK-focused REIT with a recently announced expanded investment mandate.

Broker's Calls

PhillipCapital sees ‘valuation upside’ from Elite Commercial REIT’s expanded mandate

For now, however, PhillipCapital Research analyst Liu Miaomiao has lowered her target price to 32 British pence.

Results

Elite Commercial REIT reports 1QFY2024 DPU of 0.67 pence, 21.2% lower y-o-y

The drop was due to an enlarged equity base.

kopi-C: the Company brew

Elite REIT's CEO: The UK is a promising market

Elite REIT's Joshua Liaw plans to expand into student accommodation

Broker's Calls

CGS International likes Elite Commercial REIT's broadened investment mandate

The student dorm market has attracted significant investors' interest
Elite Commercial REIT expands investment strategy to include UK PBSA - THE EDGE SINGAPORE

REITs

Elite Commercial REIT expands investment strategy to include UK PBSA

One of the REIT’s sponsors, Sunway RE Capital, owns a portfolio of five PBSA assets in four UK cities.
Elite Commercial REIT obtains refinancing for up to GBP135 mil of loans - THE EDGE SINGAPORE

REITs

Elite Commercial REIT obtains refinancing for up to GBP135 mil of loans

Following a GBP28 million preferential offering that concluded on Jan 18, gearing has fallen to 40.9%.
DBS, CGS International trim Elite Commercial REIT's target price after FY2023 DPU miss - THE EDGE SINGAPORE

Broker's Calls

DBS, PhillipCapital, CGS International trim Elite Commercial REIT's target price after FY2023 DPU miss

Elite Commercial REIT reported a distribution per unit of 3.42 British pence for FY2023, 28.9% lower y-o-y, at 100% payout.
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