Elite Commercial REIT

MXNU.SI : Singapore Exchange

0.240

0.00%

Share Price in GBP. As of 28 May 15:44:13 SGT

Chart

Key stats

  • 52-Week High
    £0.345
  • 52-Week Low
    £0.202
  • Market Cap
    £141M
  • Avg Volume
    83K
  • P/E Ratio (TTM)
    -
  • Forward Dividend Yield
    12.50%

Share Price Performance

MXNU.SI
Market
1 Day 0.00% 0.09%
5 Day 0.00% 0.23%
1 Month 2.13% 1.47%
6 Month -23.86% 7.96%
YTD -14.29% 3.10%
1 Year -18.79% -1.30%
5 Year -63.64% 0.89%
Include dividend return

All

Market Analysis

Consensus Share Price Target

Price Target: £0.373

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 29 May 2024

Analyst Ratings

  • CGS-CIMB

    07 Nov 2023

    Add

    0.490

  • DBS Research

    12 Oct 2023

    Hold

    0.330

Analyst Reports

Beansprout Insights

Beansprout's Checklist

  • Fundamental

    Occupancy Rate of 92.30% is higher than sector average of 90.05%

  • Financial

    Gearing Ratio of 50.00% is higher than sector average of 45.92%

  • Valuation

    Dividend Yield of 12.50% is lower than sector average of 25.55%

Revenue Breakdown by Asset

Revenue Breakdown by Geography

Valuation

Price to book (P/B) ratio

Current P/B
0.6
Historical Average P/B
0.9

Elite Commercial REIT's current P/B ratio of 0.6x is lower than its historical average P/B ratio of 0.9x.

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%

Earnings per share (EPS)

The latest earnings per share is -£0.05, which is lower than the earnings per share of -£0.04 in 2022.

Financials

Financial Statements

19 Feb 2024

Full Yearly Results

For period ending 31 Dec 2023

07 Aug 2023

Half Yearly Results

For period ending 30 Jun 2023

Annual Reports

12 Apr 2024

Annual Report

For period ending 31 Dec 2023

News

Profile

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).

FAQ

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