- 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.
