Elite Commercial REIT Q1 DPU Falls 26.6% Due to Borrowing Costs, Lower Revenue, Larger Equity Base

Elite Commercial REIT Q1 DPU Falls 26.6% Due to Borrowing Costs, Lower Revenue, Larger Equity Base

April 27, 2023 – Elite Commercial REIT reported revenue of £9.2 million and distributable income to unitholders of £4.5 million. Its first-quarter available distribution per unit (DPU) declined 26.6% year-on-year to 0.94 pence, mainly due to increased borrowing costs, lower revenue from vacancies as well as an enlarged equity base year-on-year, its manager said in a statement.