Elite UK REIT’s NPI rise 24.4% YoY to $18m

DPU rose 9.6% to $0.0132.

Elite UK REIT’s net property income (NPI) for Q1 2025 rose 24.4% year-on-year (YoY) to $18m (£10.4m) from $14.2 (£8.3m) a year ago.

Distributable income increased by 10.2% to $8.3m (£4.8m), whilst distribution per unit (DPU) rose 9.6% to $0.0132 (£0.0076).

Revenue for the period also rose 0.6% YoY to $16.2 (£9.3m).

The improved financial performance was driven by greater cash efficiency, lower interest expenses, higher rental income from properties, and dilapidation settlement and lease surrender premiums totaling $2.8m (£1.6m).

Positive rental reversions were also recorded during the period at Dallas Court in Salford (+30%), Theatre Buildings in Billingham (+5%), and Ladywell House in Edinburgh (+24%).

Follow the link for more news on

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