Basic Profile & Key Statistics Elite Commercial REIT (Elite) is an office REIT that owns 155 properties in U.K.
Performance Review Revenue is 5% lowered than IPO forecast but distributable income and DPU are 2.1% and 2.3% higher than IPO forecast. 
On 9 March 2021, Elite completed its maiden acquisition of 58 properties. The source of financing is from internal resources, borrowing, and issuance or consideration units. There is no equity fundraising and the DPU accretion is expected to be 8.3% as per the footnote. Below is the screenshot from 9 March Announcement.

Related Parties Shareholding

REIT sponsor's shareholding is low at 9.01%REIT manager's shareholding is low at 0.57%Directors of REIT manager's shareholding are high at 12.17%
Lease Profile

Occupancy is high at 100%WALE is long at 7.3 yearsHighest lease expiry within 5 years is low at 0%, but 100% of lease expiry falls in 2028Almost all properties are freehold or longer...