Those properties are largely occupied by the Department of Work and Pensions (DWP), which is the UK government’s largest public service department, responsible for crucial welfare, pensions and child maintenance services.
Elite Commercial REIT (SGX: MXNU), which was listed on 6 February 2020, is the first and only UK-focused listed real estate investment trust (REIT) in Singapore.
Let’s look at three things that investors should know about the REIT right now.
These will include updates on Elite Commercial REIT’s portfolio, its latest earnings, and its valuation.
Elite Commercial REIT Has a Resilient Portfolio
Elite Commercial REIT’s portfolio consists of 97 largely freehold commercial properties located across the UK.
Of the 97 buildings, 96 of them are freehold in nature while the remaining is on a long leasehold tenure expiring on 19 May 2255.
More than 99% of Elite Commercial REIT’s portfolio is leased out to the UK government via The Secretary of State for Housing, Communities and Local Government.
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