I grew up watching the World Cup. In 1982, as a teenager, I saw how Paulo Rossi picked up the Italian Golden Boot and Michel Platini missed his penalty, and, of course, in 1986, I saw how Diego Maradona beat goalkeeper Peter Shilton with his “Hand of God” and broke English hearts, again.Dubbed t...

Elite Commercial REIT has reported stable distributable income of £18.2 million for 9MFY2022 ended Sept 30. Revenue, meanwhile, was up 10.3% to £27.9 million.The REIT gave this business update on Nov 4.For the 9MFY2022, distribution per unit was down 7.8% y-o-y to 3.79 pence, mainly because the ma...

ELITE Commercial Reit’s distribution per unit (DPU) for the first nine months of FY2022 shrank by 7.8 per cent to 3.79 pence, from 4.11 pence in the corresponding financial period a year ago.

THE following companies saw new developments that may affect trading of their securities on Friday (Nov 4):

THE trio of Singapore-listed real estate investment trusts (S-Reits) focused on the UK and Europe – Cromwell European Reit (CE Reit), IReit Global and Elite Commercial Reit – have suffered the brunt of a risk-off sell-off this year, shedding between 21.6 per cent and 30.8 per cent in the...

In a 2017 article in The Guardian, UK historian and journalist Andy Beckett described how graduates holding Oxford University degrees in PPE or philosophy, politics and economics have pervaded British politics and establishment since 1920.Otherwise dubbed the modern “Greats”, PPE graduates have ...

DBS Group Research analysts Yeo Kee Yan and Janice Chua expect the upcoming 3QFY2022 season commencing mid-October to witness a mix of ups and downs, where market volatility will likely bring several potential surprises for various companies.According to the analysts, certain upside surprises could ...

At the panel discussion titled Risks and Opportunities for S-REITs Going Overseas held on Sept 26, Ronald Tan, senior vice-president, equity global market, global sales & origination, Singapore Exchange (SGX), in the opening address said he was asked why the exchange continues to promote oversea...

Some analysts remain sanguine about the impact of rising risk-free rates which are yields 10-year government bonds, on REITs’ unit prices.UOB Kay Hian has said S-REITs provide an attractive distribution yield of 5.90%, which is 0.9SD above long-term mean. The downside is limited to a correction of...

Rising inflation and interest rate hikes are two main issues weighing on the minds of investors today. Amid a gloomy macroeconomic outlook, however, one bright spark could offer some respite and stability. Elite Commercial REIT , Singapore’s first and only UK-focused REIT, offers stable returns wi...

DBS Group Research analysts Yeo Kee Yan and Janice Chua are anticipating more “sideways gyrations” for the benchmark Straits Times Index (STI) as the Fed continues to be bent on arresting inflation by raising rates, even if it comes at the expense of sub-par growth.To the analysts, the better-th...

Elite Commercial REIT’s stable portfolio and lease regearing have earned it an “add” from CGS-CIMB Research analyst Lock Mun Yee.This follows the REIT’s 1HFY2022 ended June results, where it reported a distribution per unit (DPU) of 2.56 pence (4.26 cents), 2.7% lower y-o-y due to a higher u...

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 ...