- 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 the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Singapore Research Team UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-09-27
Previous report by UOB:
2022-08-08 Elite Commercial REIT - 1H22 Counter-Cyclical Yield Play That Hedges Against Inflation.
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 Dividends & Corporate Actions,
Elite Commercial REIT News Articles
