Basic Profile & Key Statistics Elite Commercial REIT (Elite) is an office REIT that owns 155 properties in U.K.
Performance Highlight Actual performance is better than IPO forecast mainly due to the contribution from the newly acquired portfolio that was completed on 9 March. DPU surpasses the IPO projection by 20.3% due to the same acquisition which is DPU accretive.
The lease break for East Street Epsom has been exercised in the previous quarter. Elite has received a buy offer and also submitted a proposal to retain the tenant. Both options are under evaluation.
Dallas Court Units 1-2 achieve positive rental reversion. At the same time, there is another lease break option being exercised for John Street, Sunderland.
On 27 August, Elite announced that its subsidiary, Elite UK Commercial Holdings Limited (ECHL) complete its technical listing (no trading of shares) on The International Stock Exchange (TISE). As ECHL...