Logo from Elite REIT

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%.

The distribution per unit (DPU) of Elite Commercial REIT dropped by 24.2% YoY in 1H23 to £0.0194 ($0.033) despite posting higher revenue for the period.

In 1H23, the REIT saw a 3.4% YoY growth in its revenue, reaching £19.1m.

The REIT attributed its improved revenue to “net annualised inflation-linked rent escalation of 13.1% for 136 assets and partially offset by the vacancy of eight assets, effective 1 April 2023.”

Meanwhile, unitholders can expect to receive £0.0174 since the REIT has a 90% payout ratio.

The DPU for the period translates to an annualised yield of 11.5%.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!