Basic Profile & Key Statistics Elite Commercial REIT (Elite) is an office REIT that owns 155 properties in U.K. Performance Highlight Revenue, distributable income and DPU improved YoY due to contribution from properties which were acquired in February 2021. Lease Events The East Street, Epsom has secured a new lease with 11% rental increase while Sidlaw House, Dundee tenant has exercised the lease break option. Related Parties Shareholding

• REIT sponsor's shareholding is low at 6.329%
• REIT manager's shareholding is high at 1.579%
• Directors of REIT manager's shareholding is high at 11.605%

Lease Profile

• Occupancy is high at 100%
• WALE is long at 6 years
• Highest lease expiry within 5 years is low at 3.8% which falls in 2022, but there is a high lease break of 63.3% which falls in 2023.
• Almost all properties are freehold or longer than 99 years remaining land tenure

Debt Profile

• Gearing ratio is high at 42.4%
• Cost of debt is low at 2%
• Fixed rate debt % is low at 63%

...