Elite UK Reit
Elite UK Reit posts 1.4% rise in H2 DPU to £0.0149
It will be paid out on Mar 30, after the record date on Feb 20
Elite UK Reit secures £24.3 million in new leases with UK government
Its portfolio’s weighted average lease to expiry is expected to improve from 2.4 years to 7.2 years
Elite UK Reit 9-month DPU rises 9.4% to £0.0233
The improvement is attributed to interest savings through capital management and interest rate optimisation
Elite UK Reit posts 10% rise in H1 2025 DPU to £0.0154
Net property income for the half year is down 1.3% at £18 million from £18.2 million in H1 2024
Elite UK Reit to convert Scotland property into student housing by September 2027
This comes as the Dundee market is in short supply of high-quality affordable student accommodation
Elite UK Reit to acquire three UK government-leased assets for £9.2 million
To partly fund the acquisition, the Reit has launched a private placement to raise £4 million
Elite UK Reit posts 10.2% rise in Q1 2025 distributable income to £4.8 million
Net property income for the quarter is up 24.4% at £10.4 million
Elite UK Reit posts 5.8% rise in H2 DPU to 1.47 pence
The distribution will be paid out on Mar 28, after the record date on Feb 18
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 divesting property in England for £1.6 million
The sale consideration represents an 18.5% premium above the property’s valuation of £1.4 million as at Jun 30
