Elite Commercial REIT reports 1QFY2024 DPU of 0.67 pence, 21.2% lower y-o-y
The Edge • 11 days ago
MXNU.SI : Singapore Exchange
0.230
-2.13%
Share Price in GBP. As of 10:53:39 SGT
Elite Commercial REIT (MXNU.SI) Share Price
Chart
Key stats
- 52-Week High£0.345
- 52-Week Low£0.202
- Market Cap£135M
- Avg Volume201K
- P/E Ratio (TTM)-
- Forward Dividend Yield13.04%
Earnings Highlights
1Q 2024 Results Summary
Revenue: SGD 9.25M
Increased 1% Year-on-Year
Revenue growth in 1Q 2024 was offset by non-income generating vacant assets and vacancy holding costs.
Net Property Income (NPI): SGD 8.34M
Decreased 4% Year-on-Year
Net property income was lower due to non-income generating vacant assets and vacancy holding costs.
Portfolio Occupancy: 92.3%
Distribution Per Unit (DPU): SGD 0.67
Decreased 21% Year-on-Year
DPU was lower due to an enlarged equity base from the preferential offering completed on 18 January 2024.
Leverage/Gearing: 42%
Outlook
Unlocking value for Unitholders remains a key priority. This entails further strengthening of our balance sheet and exploring ways to unlock the intrinsic value of our portfolio. With our expanded investment mandate to include the defensive Living Sector, we have identified several potential opportunities in our portfolio.
Sources: Elite Commercial REIT Financial Report
Consensus Share Price Target
Price Target: £0.373
Sell
Underperform
Neutral
Outperform
Buy
Source: SGX as of 13 May 2024
Share Price Performance
| MXNU.SI | Market
| |
|---|---|---|
| 1 Day | -2.13% | -0.08% |
| 5 Day | -2.13% | -0.06% |
| 1 Month | -4.17% | 3.46% |
| 6 Month | -32.32% | 5.99% |
| YTD | -17.86% | 2.11% |
| 1 Year | -22.17% | -2.25% |
| 5 Year | -65.15% | -0.08% |
Include dividend return
Beansprout Insights
Latest News
Latest dividend
- Dividend yield (TTM)
- 13.35%
- Last payment
- £0.0133
- Last ex-Date
- 26/02/2024
By SGX as of 13 May 2024
See how much dividend you will receive in a year based on your investment amount
Compare REITs
Compare Elite Commercial REIT with another REIT
Company Description
A Singapore real estate investment trust (REIT) established with the investment strategy of principally investing, directly or indirectly, in commercial assets and real estate-related assets in the United Kingdom (UK).