Elite Commericial REIT update report | SGX Company Insights | 20 December 2023
Miaomiao Liu, a Research Analyst at Phillip Securities Research will be covering the Elite Commericial REIT update report.
ELITE is currently trading at FY24e yields of 13.2% and 0.73x P/NAV. We have incorporated the effects of these transactions into our calculations and continue to maintain our forecasts. Potential re-development plan such as student accommodation or data center may take place given the enlarged debt headroom of c.£58mn. Our DDM-TP remains unchanged at 0.36 pence, with projected FY24-25e DPUs of 4.16 – 4.72 pence.
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