Elite Commercial Reit
Elite Commercial REIT is a Singapore real estate investment trust established with the investment strategy of principally investing, directly or indirectly, in commercial assets and real estate-related assets in the United Kingdom.
Elite REIT expands into UK living sector assets
The REIT will also change its name in due course as part of its expansion.
Elite REIT expands into UK living sector assets
The REIT will also change its name in due course as part of its expansion.
Elite REIT bags £135m debt facilities
The REIT will use the fund to refinance its existing loan facilities.
DPU of Elite Commercial REIT drops 28.9% YoY to £0.0342 in FY23
The REIT recorded a lower DPU despite a higher net property income.
Elite REIT’s raises $47.5m from oversubscribed preferential offering
Its offering had a subscription rate of 121.1%.
Elite REIT launches £28m fully underwritten preferential offering
The REIT aims to use gross proceeds from the offering to repay debts.
Elite Commercial REIT portfolio valuation drops to $697.5m
The valuation covers 150 properties.
Elite REIT names new CFO
He will succeed Joel Cheah Zhuo Yue who resigned as CFO to pursue other opportunities.
Elite Commercial REIT posts 20.4% YoY higher net property income in 9M23
Despite higher NPI, the REIT’s available DPU fell 25.6% YoY in the same period.
Elite Commercial REIT posts 24.2% YoY lower DPU of £0.0194 in 1H23
On a quarter-on-quarter basis, DPU grew by 6.4%.
Elite Commercial REIT’s distributable income drops 26.1% YoY to $7.5m in 1Q23
The REIT attributed the decline to increased borrowing costs amongst others.
Elite Commercial REIT extends lease of 8 assets in the UK
The eight properties are owned by the Department for Work and Pensions.
Elite Commercial REIT invests $22.7m to improve UK-occupied assets
The asset enhancement works will take about three years.
Elite Commercial REIT hits 22.3% DPU growth
It has outperformed IPO projections for eight consecutive quarters.
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