Elite UK REIT Posts Higher H1 DPU; Shares Up 3%

MT Newswires
Aug 07

Elite UK REIT's (SGX:MXNU) reported distribution per unit (DPU) slightly up by 0.6% during the first half of the year to 0.0155 pounds from 0.0154 pounds a year earlier, according to a Friday filing with the Singapore Exchange.

Distributable income rose 3.6% to 10.1 million pounds from 9.7 million pounds in the prior period.

Net property income fell 3.3% to 18.0 million pounds compared with 18.7 million pounds a year earlier.

Revenue was up 0.8% year over year to 18.9 million from 18.7 million.

Portfolio occupancy as of June 30 stood at 99.9%.

Shares of the UK-focused REIT were up over 3% in Friday trading.

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