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Elite UK REIT announced the proposed acquisition of five UK government-leased properties for GBP 31.9mil at a ~8% net initial yield, lengthening the portfolio WALE to 7.6 years (vs 6.9 years as at Mar 2026). The acquisition will be mainly funded through a combination of debt (GBP 17.4mil), vendor consideration units (GBP 8.9mil), private placement (GBP 1.3mil) and cash (GBP 5.9mil).
- - Read this at SGinvestors.io -
Our view:
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We view the acquisition positively as it strengthens Elite UK REIT’s earnings base through highly defensive assets underpinned by government-backed tenants. While rental levels remain low relative to replacement costs (similar to the rest of the portfolio), this should support lease renewals and tenant retention over the longer term.
- - Read this at SGinvestors.io -
Lindsay House marks Elite’s first PBSA conversion
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Tabitha FOO DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-06-17
Previous report by DBS:
2026-03-30 Elite UK REIT - Clear Value Creation Path As NAV Re-rates Sharply.
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
