Elite Commercial REIT - UOB Kay Hian 2023-09-27: A Visit To Elite’s Buildings In The UK

• Elite Commercial REIT is Singapore’s first and only UK-focused S-REIT, with a portfolio of mostly freehold office spaces in the UK. Our visit of 14 properties covered London, North West and Scotland, and these were mainly leased to the UK government’s DWP which made up 92% of its 1H23 gross rental income.
• - Read this at SGinvestors.io -

Recession-proof REIT with stable cashflow.

• We visited the office premises of 14 properties in Elite Commercial REIT (SGX:MXNU)’s portfolio across three regions. These are a mostly a mix of Jobcentre Plus and back offices for its key tenant, the Department for Work and Pensions (DWP).
• - Read this at SGinvestors.io -
• On top of this, the weighted average lease expiry (WALE) was 4.5 years as at end-1H23, providing strong income visibility.

Strong asset mix.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-09-19 Elite UK REIT - Building Up PBSA As The Second Pillar Of Growth.

Previous report by UOB:
2025-05-06 Elite UK REIT 1Q25 - Counter-cyclical Cash Flows Unaffected By Reciprocal Tariffs.

Price targets by other brokers at Elite Commercial REIT Target Prices.

Listing of research reports at Elite Commercial REIT Analyst Reports.

Relevant links:
Elite Commercial REIT Share Price History,
Elite Commercial REIT Announcements,
Elite Commercial REIT Dividend Payout Dates & Corporate Actions,
Elite Commercial REIT News