Elite UK REIT - UOB Kay Hian 2025-09-19: Building Up PBSA As The Second Pillar Of Growth

• Elite UK REIT (SGX:MXNU) has received planning approval to convert Lindsay House in Dundee, Scotland into a 168-bed purpose-built student accommodation (PBSA) facility, marking its first strategic foray into the UK student housing sector.

Taking its first stab at PBSA.

• - Read this at SGinvestors.io -
• Dundee has a significant student housing shortfall with student-to-bed ratio at 3.5x. Located within walking distance of Abertay University and University of Dundee, the PBSA is projected to deliver a gross development value of £24m, with an estimated ROI of 18% and yield on cost exceeding 7%.
• By repurposing an existing structure, Elite UK REIT was able to reduce overall project costs, while accelerating time-to-market.

Roadmap for PBSA portfolio.

• - Read this at SGinvestors.io -

Opportunity to monetise Peel Park site.

• 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/.

Previous report by UOB:
2025-05-06 Elite UK REIT 1Q25 - Counter-cyclical Cash Flows Unaffected By Reciprocal Tariffs.

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