ENTITY

Elite Commercial REIT (ELITE SP)

53

Analysis

Real Estate • Singapore

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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bullish•Elite Commercial REIT

•03 Mar 2022 08:00•Exchange-sponsored

(Non-SGX Report) Elite Commercial REIT - Superior Income Visibility Not Priced In

Non- SGX Report: These equity research reports are not written by the SGX. SGX supports the distribution of the research reports by external...

Singapore Exchange Ltd (SGX)

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bullish•Thematic (Sector/Industry)

•28 Feb 2022 10:29•Broker

ASEAN Builder's Scoop 28Feb22 - DASIN All Eyes on Mar22 Loan Refinancing

BHGREIT steady as she goes; IREIT trading ~25% below book; AEW sells 55MS for S$3,450psf; CLD signs S$1.3bn Vietnam MOU; ELITE embarks on new AEI

SCCM Asia Research

135 Views

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bullish•Thematic (Sector/Industry)

•21 Feb 2022 11:24•Broker

ASEAN Builder's Scoop (21Jan22) - ELITE Enlarged Portfolio Boosts Performance

ELITE enlarged portfolio boosts performance; Higher tax for high-end props in 2023-24; Ochard rd buildings en-bloc galore; RLC new estate near...

SCCM Asia Research

106 Views

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bullish•Mapletree North Asia Commercial Trust

•15 Feb 2022 22:58

MCT and MNACT’s Options for Dealing with Quarz’s Campaign

MCT has three options – keep the terms unchanged, improve the terms or support MNACT's board benchmarking the merger vs alternative transactions.

Arun George

346 Views

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bullish•Mapletree North Asia Commercial Trust

•02 Jan 2022 20:41

Mapletree Commercial Trust’s Proposed Merger with Mapletree North Asia Commercial Trust

The deal terms are attractive for MNACT unitholders. The deal is DPU/NAV accretive for MCT unitholders. The merger is likely to get approval from...

Arun George

1.3k Views

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