Elite Commercial Reit (SGX: MXNU) debuted its IPO at £0.68 back in February 2020 right before Covid struck. If you had held this REIT from IPO right until now, you would probably just sit slightly underwater as it has given out £0.15 from dividends so far. Not too bad if you ask me given how many tough the environment is for REITs in the past three years. In fact, most REITs are probably under-performing in the past 3 years, so it has been a common theme for everyone out there. Elite Commercial REIT announced its full year results this morning. Comparing it to the previous year in 2021, revenue has increased from the result of higher rental escalation. However, costs of borrowing and other opex have increased due to macro factors, which led to a decline in the overall distribution DPU from £5.43 to £4.81. At today’s current price, it represents a 9% dividend yield for investors....