SINGAPORE (May 11): The managers of Mainboard-listed Elite Commercial REIT has reported a distribution per unit of 0.74 pence (1.296 Singapore cents) for the financial period from February 6 to March 31.

This is the first period incorporating the results of the initial portfolio of Elite Commercial REIT since its initial public offering (IPO) on February 6.

The REIT reported earnings of £722,000, 15.2% higher than its forecast, and a distributable income of £2.5 million, 1.4% higher than expected.

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