1. Describe Elite Commercial REIT’s recent financial performance for its first-year since listing.
Elite Commercial REIT is established with the investment strategy of principally investing, directly or indirectly, in commercial assets and real estate-related assets in the United Kingdom (UK). Elite Commercial REIT has a portfolio of 155 predominantly freehold quality commercial buildings across the UK, with a total net internal area of about 3.9 million sq ft. The REIT’s sponsors include Elite Partners Holdings, Ho Lee Group and Sunway RE Capital. Elite Commercial REIT reported a strong set of results for the period from Feb 6, 2020, to Dec 31, 2020, outperforming IPO forecasts with higher distributable income to unitholders and DPU.

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