Elite Commercial Reit closes up 4.4% at £0.71 on trading debut
Offer price of £0.68 a unit translates to forecast distribution yield of 7.1% for 2020 and 7.2% for 2021
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Singapore
UNITS of Elite Commercial Reit got off trading on the front foot on Thursday, in the Singapore bourse's first mainboard debut of the year.
The Reit's counter started trading at 2pm on Thursday at £0.705, 3.7 per cent higher than the initial public offering (IPO) price of £0.68 per unit. Prices gained steadily to eventually finish at £0.71, up 4.4 per cent on the IPO price.
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