The manager of Elite Commercial REIT has reported distribution per unit (DPU) of 2.63 British pence (4.95 cents) for the 1HFY2021 ended June, 34.9% higher than DPU of 1.95 pence reported in the 1HFY2020.

The figure also represents an 8.7% upside to its IPO projection of 2.42 pence.

Distributable income for the 1HFY2021 surged 71.3% y-o-y to £11.2 million, which stood 37.1% higher than its IPO projection of £8.1 million.

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