Elite Commercial REIT ("EC REIT") debuted in early 2020 on SGX mainboard at GBP 0.705 per unit which is 3.7% higher than its IPO price of GBP 0.68 per unit. Ever since then (in particularly the last 52 weeks), its price has hovered mostly between GBP 0.610 per unit to GBP 0.680 per unit. Most recently, it was announced that its major tenant, the UK government, has agreed to the removal of "break clauses" for its rented properties from EC REIT during negotiation which thus translates into a long and stable WALE of around 5.5 years as of March 2022. The current 7% dividend yield is one of the highest among the Singapore REITs. The UK government also seemingly appears to be an AA-rated solid tenant and the lease is on triple net lease basis. However, I am staying away from Elite Commercial REIT due to 3 main concerns which I will further elaborate below....