Elite UK REIT

Investing ideas

Beansprout's Wong sees favourable risk-reward ratio for REITs, singles out OUE REIT, Elite UK REIT and AIMS APAC REIT

There is now a higher level of certainty around how some of these REITs transactions can potentially be priced
Elite UK REIT makes third divestment in three months - THE EDGE SINGAPORE

REITs

Elite UK REIT makes third divestment at a premium in three months

The REIT had announced the divestment of two properties in October and November

Broker's Calls

KGI initiates ‘outperform’ on Elite UK REIT with TP of 37 pence

A significant opportunity lies in the potential for rental reversions as leases approach expiry in 2028, the analyst says.

REITs

Elite UK REIT to divest Hilden House for GBP3.3 mil

The five-storey Hilden House sits on a 0.32 hectare site with 50,841 sq ft of net internal area. It is currently vacant.
RHB and PhillipCapital upgrade TPs on Elite UK REIT; maintain ‘buy’ calls - THE EDGE SINGAPORE

Broker's Calls

RHB and PhillipCapital upgrade TPs on Elite UK REIT; maintain ‘buy’ calls

This follows Elite UK’s 3QFY2024 update, which was released on Nov 5.

Results

Elite UK REIT reports lower 9MFY2024 DPU of 2.13 pence due to enlarged unit base

As at 10.09am, units in Elite UK REIT are trading 0.5 pence higher or 1.67% up at 30.5 pence.

Broker's Calls

Beansprout initiates ‘buy’ on Elite UK REIT with TP of 44 pence

There is room for an appreciation in value of Elite REIT’s assets, particularly when the leases are renewed.

REITs

Elite UK REIT submits planning application for data centre site in Blackpool

The REIT manager has secured power supply sufficient for the proposed data centre facility.
 Elite UK REIT to divest Scotland corporate office at 41.7% premium above valuation  - THE EDGE SINGAPORE

REITs

Elite UK REIT to divest Scotland corporate office at 41.7% premium above valuation

The property is currently vacant, and has a sale consideration of GBP1,275,000.
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