Elite UK REIT - RHB Research 2025-08-01: Maintaining the Momentum; BUY

• Elite UK REIT’s healthy 2Q/1H financial performance was in line. We are positive on the REIT’s latest acquisition of three assets which would lengthen lease expiries and diversify income.
• - Read this at SGinvestors.io -

Obtained planning approval for the conversion of Lindsay House, Dundee into student housing.

• The asset, which was earlier vacated, will be converted into a 168-bed purpose-built student accommodation (PBSA) due to its attractive location to two nearby universities, amenities and limited supply in the area. As at end Dec 2024, the asset was valued at GBP1.5m and an additional ~GBP18m capex is likely to be pumped in a phased manner for redevelopment.
• - Read this at SGinvestors.io -

Completed acquisition of three government tenanted properties.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Previous report by RHB:
2025-02-11 Elite UK REIT - Continues To Deliver; BUY.

Price targets by 2 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