Elite UK REIT (SG:MXNU)
SGX:MXNU
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Elite UK REIT
(SGX:MXNU)
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Rating:63Neutral
Price Target:
38.00 p
▲(11.76% Upside)
Action:ReiteratedDate:02/12/26
Score is driven primarily by improving financial performance (return to profitability and better cash generation) tempered by declining revenue and past earnings volatility. Valuation is supported by a high dividend yield and moderate P/E, while technicals indicate only mild/neutral momentum.
Positive Factors
Cash generation
Elite UK REIT's 2024–2025 cash generation strengthened materially, with operating cash flow rising and free cash flow matching net income. Durable cash conversion supports recurring distributions, funds maintenance capex and debt servicing, and improves resilience versus earnings volatility.
Negative Factors
Top-line contraction
Persistent revenue declines across 2024–2025 weaken the foundation for sustainable cash flows and dividends. For an office REIT, shrinking rent roll or lower leasing spreads can permanently reduce cash available for debt service and capex, pressuring long-term payout and asset reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Elite UK REIT's 2024–2025 cash generation strengthened materially, with operating cash flow rising and free cash flow matching net income. Durable cash conversion supports recurring distributions, funds maintenance capex and debt servicing, and improves resilience versus earnings volatility.
Read all positive factors
Elite UK REIT (MXNU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
£207.91M
Dividend Yield8.36%
Average Volume (3M)458.74K
Price to Earnings (P/E)15.7
Beta (1Y)0.50
Revenue Growth-9.87%
EPS GrowthN/A
CountrySG
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)0.01
Shares Outstanding611,488,830
10 Day Avg. Volume315,330
30 Day Avg. Volume458,736
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.90
Price to Sales (P/S)5.67
P/FCF Ratio5.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£40.00Price Target Upside17.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.06
Revenue Forecast (FY)£37.87M
Elite UK REIT Business Overview & Revenue Model
Company Description
Elite UK REIT operates as a real estate investment trust. It primarily invests in commercial assets and real estate-related assets in the United Kingdom. The company's investment properties comprise freehold properties located in London and South ...
How the Company Makes Money
Elite Commercial REIT generates revenue primarily through leasing its commercial properties to tenants, which includes retail stores and office spaces. The company earns rental income from long-term leases, often structured to provide a steady cas...
Elite UK REIT Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 38.30M | 39.08M | 45.21M | 37.08M | 34.73M |
| Gross Profit | 34.52M | 36.24M | 41.26M | 35.63M | 33.63M |
| EBITDA | 25.01M | 33.13M | -10.05M | -10.84M | 546.00K |
| Net Income | 13.87M | 20.50M | -22.17M | -18.33M | -4.74M |
Balance Sheet | |||||
| Total Assets | 444.00M | 440.30M | 444.04M | 486.80M | 533.36M |
| Cash, Cash Equivalents and Short-Term Investments | 16.02M | 6.63M | 20.82M | 7.44M | 19.48M |
| Total Debt | 186.22M | 184.56M | 221.54M | 221.51M | 225.10M |
| Total Liabilities | 202.31M | 199.13M | 236.80M | 238.89M | 244.34M |
| Stockholders Equity | 241.70M | 241.17M | 207.24M | 247.90M | 289.02M |
Cash Flow | |||||
| Free Cash Flow | 36.69M | 22.71M | 40.88M | 20.43M | 22.69M |
| Operating Cash Flow | 36.69M | 26.38M | 44.55M | 27.86M | 22.69M |
| Investing Cash Flow | -3.97M | -2.45M | -463.00K | -7.44M | -9.40M |
| Financing Cash Flow | -23.32M | -32.91M | -33.92M | -33.15M | -14.10M |
Elite UK REIT Technical Analysis
Positive
34.00
Price Trends
34.32
Negative
34.37
Negative
33.84
Positive
Market Momentum
-0.07
Negative
50.26
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:MXNU, the sentiment is Positive. The current price of 34 is above the 20-day moving average (MA) of 33.78, below the 50-day MA of 34.32, and above the 200-day MA of 33.84, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 50.26 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:MXNU.
Elite UK REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $313.21M | 14.90 | 4.67% | 8.23% | -1.34% | -6.08% | |
63 Neutral | £207.91M | 15.66 | 6.30% | 8.36% | -9.87% | ― | |
56 Neutral | $255.87M | 12.97 | 2.75% | 2.40% | -12.01% | ― | |
52 Neutral | $147.93M | -4.53 | -4.00% | 5.06% | -6.01% | -36.46% | |
51 Neutral | $195.31M | -60.23 | -0.27% | ― | -1.55% | 78.22% | |
43 Neutral | S$329.49M | ― | 0.97% | 8.37% | -11.29% | ― |
* Real Estate Sector Average
SG:MXNU
Elite UK REIT
34.00
8.82
35.00%
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Elite UK REIT Corporate Events
Elite UK REIT Wins Approval for Major Blackpool Data Centre Development
Feb 12, 2026
Elite UK REIT has secured planning consent to develop a major state-of-the-art data centre at Peel Park in Blackpool, on about 20 acres of a 37-acre freehold site adjacent to office buildings leased to the UK Department for Work and Pensions. The ...
Elite UK REIT Secures Long-Term DWP Leases, Extending WALE to 7.2 Years
Feb 9, 2026
Elite UK REIT has signed new lease agreements, effective from 5 February 2026, with the UK Secretary of State for Housing, Communities and Local Government for properties occupied by the Department for Work and Pensions, two years ahead of the cur...
Elite UK REIT Secures Long-Term DWP Leases, Extending WALE to 7.2 Years
Feb 5, 2026
Elite UK REIT has signed new lease agreements, effective from 5 February 2026, with the UK Secretary of State for Housing, Communities and Local Government for properties occupied by the Department for Work and Pensions, two years ahead of the cur...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.