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Elite Commercial REIT 2H Revenue Down 2.5%, DPU Falls 19.6%

Feb 14, 2023 – Elite Commercial REIT half-year to December 31 revenue fell 2.5% to £18.4 million and distributable income to unitholders was down 19.6% at 2.25 pence, its manager said in a statement.

The manager said its occupancy rate was 97.8% with three-month rent collected in advance. The REIT’s portfolio comprises 155 predominantly freehold commercial buildings located across the UK with an aggregate value of £466.2 million as at December 31, 2022.