Basic Profile & Key Statistics
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Performance Highlight
Gross revenue and NPI remained stable year-on-year. Distributable income rose by 5.8%, supported by lower interest and tax expenses. DPU increased by 10.0%, helped by reduced distribution retention.
Acquisition
In June 2025, Elite completed the acquisition of three UK properties at a 7.6% discount to the average of independent valuations.
Divestment
2 properties were divested in 1H at an average premium of 7.9% above valuation.
Asset Enhancement Initiative
Elite received planning approval to convert Lindsay House in Dundee into a 168-bed Purpose-Built Student Accommodation (PBSA) asset.
Lease Profile
Committed Occupancy: ModerateHighest Annual Lease Expiry in 4 Years: Less FavorableWALE: Less FavorableWeighted Average Land Lease Expiry: Favorable
Debt Profile
Adjusted Interest Coverage Ratio: Less FavorableCost of Debt: Less FavorableGearing Ratio: ModerateFixed Rate Debt Proportion: FavorableUnsecured Debt Proportion: Less FavorableHighest Annual Debt Maturity in 4 Years: Less
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