DPU of Elite Commercial REIT drops 28.9% YoY to £0.0342 in FY23

The REIT recorded a lower DPU despite a higher net property income.

Elite Commercial REIT’s distribution per unit (DPU) fell 28.9% YoY to £0.0342 in FY23 despite recording a higher net property income (NPI).

In FY23, the REIT’s NPI was £35.7m, 15.7% YoY higher.

Meanwhile, rising borrowing costs and asset holding costs pulled down the amount generated for distribution to unitholders by 21.9% YoY to £18.0m.

“Unitholders can expect to receive DPU of £0.0133 in respect of 2H 2023, which translates to an annualised yield of 9.4%. The record date is 27 February 2024, and payment is expected to be made on 28 March 2024,” the REIT said.

Follow the link for more news on

Elite Commercial Reit

Financial Statements

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia