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'Buy' 'pandemic-proof' Elite Commercial REIT for its unique UK position: analysts

Jovi Ho
Jovi Ho8/5/2021 2:19 PM GMT+08  • 4 min read
'Buy' 'pandemic-proof' Elite Commercial REIT for its unique UK position: analysts
Elite Commercial REIT is the only UK-focused Singapore REIT.
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With its 1HFY2021 outperformance, Elite Commercial REIT enjoys “pandemic-proof distributions” with its unique position in the REITs space, says DBS Group Research analyst Dale Lai.

In an Aug 4 note, Lai is maintaining his “buy” call on the REIT, with a target price of 80 pence ($1.50), which represents a 19% upside.

Elite Commercial REIT is the only UK-focused Singapore REIT, established with the investment strategy of principally investing, directly or indirectly, in commercial assets and real estate-related assets in the UK.

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