Elite Commercial Reit
Elite UK Reit expands into the ‘living sector’, but still plays it safe
While the Reit aims to renew most of its UK government leases, it is looking to convert vacant assets into student housing or build-to-rent as an alternative to divesting or re-letting
Elite UK Reit unit inks £135 million facilities agreement
Funds from the facilities will be used to refinance the Reit’s existing loans
Elite Commercial Reit’s Q1 DPU down 21.2% to £0.0067
Its portfolio is 92.3 per cent occupied with rents collected in advance
Elite Commercial Reit expands investment strategy to other UK real estate asset classes
Elite Commercial Reit will expand its investment strategy to include other asset classes in the UK, particularly assets in the living sector.
Elite Commercial Reit secures £135 million debt facilities
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.
Brokers’ take: Analysts cut Elite Commercial Reit targets after factoring in vacancies, lower payout ratio
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 posts 40.9% drop in H2 DPU to 1.33 pence
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’s preferential offering closes with 61.3% valid acceptances
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 Reit launches fully underwritten preferential offering at £0.27 apiece
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 falls 9.5% to £412.5 million; gearing climbs to 49.6%
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.
