Elite Commercial Reit

Funds from the facilities will be used to refinance the Reit’s existing loans

Its portfolio is 92.3 per cent occupied with rents collected in advance

Elite Commercial Reit will expand its investment strategy to include other asset classes in the UK, particularly assets in the living sector.

Elite Commercial Real Estate Investment Trust (Reit) has obtained a committed offer for debt facilities of up to £135 million (S$229.7 million) from a group of financial institutions.

ANALYSTS have shaved their target prices on Elite Commercial Reit after the real estate investment trust (Reit) posted a 40.9 per cent drop in distribution per unit (DPU) for the second half ended Dec...

ELITE Commercial Reit on Monday (Feb 19) posted a distribution per unit (DPU) of 1.33 pence for the second half ended Dec 31, 2023, representing a payout ratio of 90 per cent.

ELITE Commercial Reit has received valid acceptances of 61.3 per cent for its preferential offering of around 103.4 million new units.

Elite Commercial Real Estate Investment Trust (Reit) launched a fully underwritten non-renounceable preferential offering at £0.27 per unit to raise about £28 million (S$47.2 million).

ELITE Commercial Reit’s portfolio valuation as at Dec 1, 2023, stood at £412.5 million (S$697.1 million) across 150 properties, based on the latest external valuation conducted by CBRE.