- Elite Commercial REIT (SGX:MXNU) is the only UK-focused REIT listed on the SGX. It has GBP466.2m of AUM (as of Dec22), anchored by 155 office buildings across the UK. Elite Commercial REIT offers exposure to mostly freehold, triple-net-lease, government-leased assets in the UK. Shareholders can elect to receive dividends in GBP or S$.
- - Read this at SGinvestors.io -
- Therefore, Elite Commercial REIT signs the majority of its contracts directly with the UK’s Secretary of State, backed by the AA-rated UK sovereign credit rating. Since listing, Elite Commercial REIT has been able to consistently collect rent in advance.
A visit to REIT’s UK office assets
- - Read this at SGinvestors.io -
- The major tenant, Department for Work & Pensions (DWP), occupies 146 buildings, including its public serving Jobcentre Plus and back offices.
- Based on FactSet consensus data, Elite Commercial REIT's share price is trading at 0.48x FY23E P/BV.
Upward rental review effective from Apr’23
- Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
Li Jialin Maybank Research | https://www.maybank-ke.com.sg/ 2023-10-19
Read also Maybank's most recent report:
2026-06-07 Elite UK REIT - Defensive 9% Yield; Initiate With BUY.
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
