ENTITY
Elite Commercial REIT

Elite Commercial REIT (ELITE SP)

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Analysis
Real EstateSingapore
Elite Commercial REIT (“Elite REIT”) is a Singapore real estate investment trust established with the investment strategy of principally investing, directly or indirectly, in commercial real-estate related assets in the United Kingdom (“UK”). Elite REIT is the only UK REIT listed in Pound sterling on the Singapore Exchange. Elite REIT’s portfolio (“Portfolio”) comprises predominantly freehold properties strategically located mainly in town centres, and near amenities and transportation nodes. The Portfolio offers a stable government-backed income stream with over 99% of the gross rental income derived from the UK Government, backed by AA-rated sovereign credit strength. The leases are on triple net basis(1) and Elite REIT is one of the largest provider of critical social infrastructure to the Department for Work & Pensions (“DWP”) and other UK Government departments. The DWP is the UK’s largest public service department that is responsible for welfare, pensions and child maintenance, serving over 20 million claimants. The Portfolio is part of the crucial social infrastructure through which the DWP provides services to local communities. Note: 1. Known as a full repairing and insuring lease, the responsibility for the repair of the external and internal parts as well as the structure of the property is placed with the tenant for occupied assets.
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23 Jul 2020 08:00Exchange-sponsored

Non-SGX Report: Elite Commercial REIT: Resilience Amidst Uncertainty

These equity research reports are not written by the SGX. SGX supports the distribution of the research reports by external contributors. Please...

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26 Jun 2020 08:00Exchange-sponsored

Non-SGX Report: Elite Commercial REIT: Stability Plus Growth

These equity research reports are not written by the SGX. SGX supports the distribution of the research reports by external contributors. Please...

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26 May 2020 08:00Exchange-sponsored

Non-SGX Report: Elite Commercial REIT (ELITE SP): Recession-Proof Counter-Cyclical Yield Play Anchored By The UK Government

These equity research reports are not written by the SGX. SGX supports the distribution of the research reports by external contributors. Please...

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27 Apr 2020 14:11

Trade Ideas SG EU/US Focus REITs - The Orphaned Lot Is Starting to Look Interesting

In my previous insights on Singapore REITs I have spoken about a number of different sectors, however, I haven't spoken about the overseas focussed...

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11 Mar 2020 20:48

United Hampshire US REIT IPO Trading - Peers Have Corrected by 5-13%

United Hampshire US REIT (UHUS) raised around US$324m in its Singapore IPO. UHUS will invest in  grocery-anchored and necessity-based retail...

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