Basic Profile & Key Statistics
- Main Sector(s): Office
- Country(s) with Assets: England, Scotland & Wales
- of Properties (exclude development/associate/fund): 155
Performance Highlight
Revenue and distributable income have significantly improved yoy due to the contribution from properties acquired in February 2021. DPU has improved yoy as well for the same reason despite an enlarged unitholder base.
Lease Event
In February, Elite announced the removal of the lease break option for 109 properties that are occupied by the Department for Works and Pensions (“DWP”) and the Ministry of Defence. Therefore, these leases would continue until March 2028.
8 properties have exercised the lease break option, in which the leases would end in March 2023. These properties contribute 4.8% of income.
Related Parties Shareholding
- REIT sponsor's shareholding: Below median for more than 20%
- REIT manager's shareholding: Above median for more than 20%
- Directors of REIT manager's shareholding: Above median for more than 20%
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