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Elite Commercial REIT
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
Results
Elite Commercial REIT reports 26.6% drop in 1QFY2023 DPU of 0.94 pence
Distributable income fell by 26.1% y-o-y to GBP4.5 million.
April 27, 2023
REITs
Elite Commercial REIT enjoys 13% rental hike from bulk of portfolio following regular review
The rent review is pegged to UK's CPI
April 19, 2023
Broker's Calls
Stable cashflow stream 'key positive' for Elite Commercial REIT although headwinds persist: DBS
The DBS analysts have kept their 'hold' call with an unchanged target price of 53 pence.
February 15, 2023
Results
Elite Commercial REIT reports 2HFY2022 DPU of 2.25 pence, down by 19.6% y-o-y
DPU for the FY2022 fell by 11.4% to 4.81 pence, down from FY2021’s 5.43 pence.
February 14, 2023
REITs
Elite Commercial REIT reports higher revenue for 3QFY22, but cuts DPU
The drop in DPU is due to factors like increased borrowings and interest costs, as well as an enlarged equity base.
November 04, 2022
REITs
Elite Commercial REIT reports DPU of 3.79 pence for 9MFY2022, down 7.8% y-o-y
The REIT has 68% of its interest rates exposure fixed and there's no material loans due this coming FY2023
November 04, 2022
Global Markets
By not being a slave to ideology, Singapore roars back in business with sense and sensibility
Singapore's ideology is neither left, nor right, but by being pragmatic to the point of being boring.
October 06, 2022
REITs
Elite Commercial REIT's portfolio gains value through positive lease management outcomes
Elite Commercial REIT, Singapore’s first and only UK-focused REIT, offers stable returns with rental growth pegged to inflation.
September 13, 2022
Broker's Calls
Following 1HFY2022 results, analysts praise Elite Commercial REIT's stable portfolio, lower gearing
From FY2022, the REIT’s manager will receive 100% of its management fees in cash instead of units.
August 15, 2022