ELITE Commercial Reit’s distribution per unit (DPU) fell by 2.7 per cent to £0.0256 for its first half ended Jun 30, from £0.0263 in the corresponding period a year ago.

The manager of Elite Commercial REIT has reported a distribution per unit (DPU) of 2.56 pence (4.29 cents) for the 1HFY2022 ended June, 2.7% lower y-o-y due to a higher unit base.Distributable income increased by 9.7% y-o-y to £12.2 million mainly due to the full half-year rental contribution from ...

UOB Kay Hian analyst Jonathan Koh is keeping his “overweight” call on the Singapore REIT (S-REIT) sector, as he sees upside from the reopening against the perceived threat against inflationary pressures.The way he sees it, nascent signs of the easing of inflationary pressures have emerged.“US ...

Analysts are generally positive on Elite Commercial REIT (ECREIT), considering the growths in its revenue and distributable income for the 1QFY2022 ended March.During the quarter, the REIT saw revenue increase by 39.4% y-o-y to £9.2 million ($15.8 million). Distributable income during the same peri...

“The team has done well in securing lease stability through the removal of lease break options for 109 of our properties, which further enhances the income visibility for the REIT. These leases will also benefit from the upcoming rental escalations in April 2023,” says Shaldine Wang, CEO of the ...

ELITE Commercial Reit’s distribution per unit (DPU) rose 4.9 per cent to 1.28 pence for its first quarter ended Mar 31, 2022, from 1.22 pence a year ago.

THE following companies saw new developments that may affect trading of their securities on Monday (Apr 18):

ELITE Commercial Reit MXNU said its lease for Tomlinson House in Blackpool Norcross Lane to the United Kingdom's Ministry of Defence will now run till March 2028, after the option for lease break in March 2023 had been removed.

Elite Commercial REIT, on Feb 28, announced that it has embarked on its first sustainability collaboration with its tenant, the Department for Work and Pensions (DWP) in the UK. The DWP is the UK government’s biggest public service department. The REIT had signed separate agreements with its ten...

ELITE Commercial Reit has committed to investing £12.5 million (S$22.7 million) over 3 years in asset enhancement (AEI) works to improve the sustainability and energy efficiency credentials of properties in its portfolio that are currently occupied by the UK's Department for Work and P...

THE following companies saw new developments that may affect trading of their securities on Monday (Feb 28):

ELITE Commercial Reit achieved a distribution per unit (DPU) of 2.80 pence for the half-year ended Dec 31, up 12.4 per cent from 2.49 pence the previous year on higher revenue and distributable income.

Elite Commercial REIT has reported distributable income of £24.5 million ($44.83 million) for FY2021 ended Dec 31, 2021, a 65.2% y-o-y surge. Actual revenue for the full year was £34.7 million ($63.49 million), surging 65.7% compared to FY2020. FY2021 distribution per unit (DPU) of 5.43 pence is 2...

ELITE Commercial Reit achieved a distribution per unit (DPU) of 2.80 pence for the half-year ended Dec 31, up 12.4 per cent from 2.49 pence the previous year on higher revenue and distributable income.

THE following companies saw new developments that may affect trading of their securities on Monday (Feb 21):