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Elite UK REIT: 9M 2024 DPU Of 2.13 Pence Rises 3.9% Year-On-Year, With Progress In Asset Management & Capital Management.
05 Nov 2024 10:379M 2024 available distribution per unit increased 3.9% year-on-year to 2.132 pence from higher distributable income and tax savings. Concluded dilapidation settlements of GBP1.4 million year-to-date for vacant assets. Occupancy rate increased to 93.9% with the divestment of Sidlaw House, Dundee for GBP1.3 million, offers received for two other vacant assets. Completed lease renewal for Theatre Buildings, Billingham with positive rent reversion of 5.3%. Reduced borrowing costs by 20 basis points through refinancing and hedging to achieve annualised interest rate of 5.0%...
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Source: ShareInvestor Express
