- Elite UK REIT is a recession-resistant counter-cyclical yield play. The REIT intends to pivot towards growth in 2025 after successfully deleveraging with aggregate leverage lowered by 6.6ppt y-o-y to 43.4%.
- - Read this at SGinvestors.io -
Strategy to relet, recycle & reposition
- Elite UK REIT (SGX:MXNU) remains disciplined and focused on executing its strategy to relet, recycle and reposition its assets:
Reletting at higher rents.
- Elite UK REIT has generated positive rental reversions of 30% for Dallas Court at Salford and 5% for Theatre Buildings at Billingham. It has also extended the lease for Dallas Court by 10 years till Jun 34.
Asset recycling through divestments.
- - Read this at SGinvestors.io -
- It has also recently completed the divestment of Crown Buildings at Caerphilly for £710,000 in early-Mar 25, representing an 18% premium above the valuation of £600,000.
Repositioning Peel Park site for redevelopment as data centre.
- 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/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2025-03-13
Previous report by UOB:
2024-11-28 Elite UK REIT - PBSA Becomes The Second Engine Of Growth.
Price targets by 3 other brokers at Elite UK REIT Target Prices.
Listing of research reports at Elite UK REIT Analyst Reports.
Relevant links:
Elite UK REIT Share Price History,
Elite UK REIT Announcements,
Elite UK REIT Dividend Payout Dates & Corporate Actions,
Elite UK REIT News
