Elite Commercial Reit
Elite Commercial REIT is a Singapore real estate investment trust established with the investment strategy of principally investing, directly or indirectly, in commercial assets and real estate-related assets in the United Kingdom.
Elite UK REIT inks £135m refinancing deal
Proceeds will go to refinance existing loan facilities.
Elite Commercial REIT’s NPI dips 3.7% YoY despite revenue increase
NPI for the period was £8.3m.
Elite REIT expands into UK living sector assets
The REIT will also change its name in due course as part of its expansion.
Elite REIT bags £135m debt facilities
The REIT will use the fund to refinance its existing loan facilities.
DPU of Elite Commercial REIT drops 28.9% YoY to £0.0342 in FY23
The REIT recorded a lower DPU despite a higher net property income.
Elite REIT’s raises $47.5m from oversubscribed preferential offering
Its offering had a subscription rate of 121.1%.
Elite REIT launches £28m fully underwritten preferential offering
The REIT aims to use gross proceeds from the offering to repay debts.
Elite Commercial REIT portfolio valuation drops to $697.5m
The valuation covers 150 properties.
Elite REIT names new CFO
He will succeed Joel Cheah Zhuo Yue who resigned as CFO to pursue other opportunities.
Elite Commercial REIT posts 20.4% YoY higher net property income in 9M23
Despite higher NPI, the REIT’s available DPU fell 25.6% YoY in the same period.
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%.
Elite Commercial REIT’s distributable income drops 26.1% YoY to $7.5m in 1Q23
The REIT attributed the decline to increased borrowing costs amongst others.
Elite Commercial REIT extends lease of 8 assets in the UK
The eight properties are owned by the Department for Work and Pensions.
Elite Commercial REIT invests $22.7m to improve UK-occupied assets
The asset enhancement works will take about three years.
Elite Commercial REIT hits 22.3% DPU growth
It has outperformed IPO projections for eight consecutive quarters.
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