Elite Commercial REIT
MXNU.SI : Singapore Exchange
0.315
+3.28%
Share Price in GBP. As of 12 Sep 16:41:51 SGT
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Chart
Key stats
Elite Commercial REIT’s share price has increased by 8.4% over the past 1 year. It has underperformed the Singapore stock market during this period.
- 52 Week Range
- £0.202 - 0.345
- Price vs historical high/low
- Not close
| MXNU.SI | Market | |
|---|---|---|
| 1 Day | 3.3% | 0.5% |
| 5 Day | 14.5% | 3.0% |
| 1 Month | 18.9% | 9.9% |
| 6 Month | 34.0% | 13.2% |
| YTD | 12.5% | 10.1% |
| 1 Year | 8.4% | 15.7% |
| 5 Year | -52.3% | 11.4% |
- Market Cap
- £185M
- P/E
- 0.08
- P/E lower than historical average
- No
- P/B
- 0.75
- P/B lower than historical average
- No
Recently happened to Elite Commercial REIT
07 Aug 2024 • Dividend
06 May 2024 • Earnings
Beansprout Analysis
Beansprout's Checklist
-
Occupancy Rate of 92.3% is higher than sector average of 88.3%
-
Net property income yield of 9.93% is higher than its dividend yield of 9.5%
-
Gearing Ratio of 0.44x is lower than sector average of 0.45x
-
Interest Coverage Ratio of 3.1x is above 2.5x
-
Net Book Value of £0.43 is lower than its net book value of £0.52 in the previous year
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Dividend Yield of 9.5% is lower than sector average of 11.5%
-
Distribution per unit growth is -28.90%
-
Price to Book of 0.78x is higher than sector average of 0.54x
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Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Consensus Share Price Target
Elite Commercial REIT’s price target is £0.373, according to consensus estimates as of 12 Sep 2024. Elite Commercial REIT’s with a price target of £0.373 and current price of £0.315, has an upside potential of 18.4%.
Price Target: £0.373
Source: SGX as of 12 Sep 2024
Analyst Ratings
DBS Research
28 May 2024
Hold
0.250
(prev 0.280)
CGS-CIMB
19 Feb 2024
Add
0.380
(prev 0.490)
Phillip Securities
06 May 2024
Buy
0.320
(prev 0.340)
Analyst Reports
Valuation
Price to book (P/B) ratio
0.75
0.68
0.54
Elite Commercial REIT's current P/B ratio of 0.75x is higher than its historical average P/B ratio of 0.68x.
Earnings
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
Earnings per share (EPS)
Elite Commercial REIT's' latest earnings per share is -£0.05, which is lower than the earnings per share of -£0.04 in 2022.
Financials
Financial Statements
| 07 Aug 2024 | For period ending 30 Jun 2024 |
| 19 Feb 2024 | For period ending 31 Dec 2023 |
Annual Reports
| 12 Apr 2024 | For period ending 31 Dec 2023 |