Abstracted from Edge Singapore : Analysts from RHB Bank Singapore and Phillip Securities Research are aligned on Elite UK REIT’s target price following the release of its results for FY2024 ended Dec 31, 2024; both research houses now have a 35 pence (59 cents) target price on the UK-focused S-REIT, which represents a 17% upside from its Feb 11 close price of 30 pence.
Notably, Phillip Securities analyst Liu Miaomiao’s Feb 11 report, lists a number of positives in the REIT’s outlook — justifying her “buy” call and higher target price of 35 pence from 34 pence previously — and zero negatives.
Elite UK REIT’s portfolio valuation rose 1.2% y-o-y to GBP416 million in FY2024, driven by a 36% y-o-y increase in its Peel Park land plot in Blackpool.
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