- Elite UK REIT is the only UK-focused REIT listed in Singapore. With its unique position in the REIT space, it functions as social infrastructure. As most of its rental income derived from leases with the AA-rated UK Government, its stable stream of cash flow is a key positive.
1H25 DPU slightly outperformed expectations
- - Read this at SGinvestors.io -
- Revenue grew a marginal 0.5% y-o-y to GBP18.7mil, supported by positive rental reversion and contributions from newly acquired properties. Net property income (NPI) fell slightly by 0.4% y-o-y to GBP18.7mil due to non-recurring expenses from asset repositioning initiatives.
- - Read this at SGinvestors.io -
- Distributable income rose 5.8% y-o-y to GBP 9.7mil, supported by interest savings and tax benefits. Net gearing ratio improved to 40.7% (+1.8ppt h-o-h) while borrowing costs declined to 4.8% (-10bps h-o-h) as of 30 Jun 2025.
- Portfolio occupancy grew to 95.0% (+1.1ppt h-o-h), driven by the recent divestments and acquisitions.
Early commencement of lease regearing negotiations with DWP a positive.
- Read more at SGinvestors.io.
