News

Commercial Property

Staff Reporter

, Singapore

Published:

10 months ago

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Elite UK REIT’s NPI dips 0.4% YoY in H1

The company said it was on the back of revenue increasing 0.5% YoY to $32.

Elite UK REIT’s net property income dipped 0.4% year on year to $32m (GBP18.7m) during the first half of the financial year 2025.

The company said it was on the back of revenue increasing 0.5% YoY to $32 (GBP18.7m) due to positive rental reversion and new rental income from the acquisition of three government-leased properties in June 2025.

Distributable income also grew 5.8% YoY to $16.6m (GBP9.7m), whilst Distribution per Unit rose 10.0% YoY to $0.0265 (GBP1.54)

Moreover, the group’s occupancy rate improved to 95%, following the completion of the divestment of vacant properties.

($1=GBP0.58)

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