This is one REIT that I got roasted before talking about the possible risks arising from what everyone thought is an invincible REIT that draws rental income from the UK Government so hopefully I don't get flammed posting about it again. Elite UK REIT ("Elite") recently proposed acquiring three freehold/virtual freehold properties in the UK currently leased to government departments, representing a strategic expansion of its portfolio. I thought that Elite is taking a wrong step again following its disastraous plummet during its debt leverage crisis (spiralling towards a potential breach of MAS requirement then). It is interesting to note that Elite debuted on the SGX mainboard on 6 February 2020, trading initially at around £0.705–£0.71 but saw its unit price declined to a record low of £0.231 per unt as at 30 October 2023. Its price has since recovered to £0.31 per unit but a far cry from its