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Elite UK REIT
(SGX:MXNU)
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Rating:63Neutral
Price Target:
34.00 p
▲(0.00% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by recovering financial performance with improved profitability and strong 2025 cash generation, but is held back by declining revenue and historical earnings/cash-flow volatility. Valuation is a major positive due to the very low P/E and high dividend yield, while technical signals are mixed to slightly weak with negative MACD and the price below longer-term moving averages.
Positive Factors
Stronger cash generation (2025)
Higher operating and free cash flow in 2025 increases the REIT's ability to fund distributions, cover interest and maintain assets without relying on equity issuance. Durable cash conversion improves resilience to tenant turnover and gives more flexibility for refinancing and opportunistic acquisitions.
Negative Factors
Declining revenue (2024–2025)
Sustained revenue declines limit organic growth of rental income and put pressure on long-term distribution growth. If rents or occupancy fail to recover, the REIT may need higher capital spending or external funding to maintain distributions and cover fixed costs, weakening durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger cash generation (2025)
Higher operating and free cash flow in 2025 increases the REIT's ability to fund distributions, cover interest and maintain assets without relying on equity issuance. Durable cash conversion improves resilience to tenant turnover and gives more flexibility for refinancing and opportunistic acquisitions.
Read all positive factors
Elite UK REIT (MXNU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
£197.31M
Dividend Yield9.81%
Average Volume (3M)458.74K
Price to Earnings (P/E)0.1
Beta (1Y)0.46
Revenue Growth-1.97%
EPS Growth-34.76%
CountrySG
Employees7
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)2.30
Shares Outstanding636,488,830
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
£40.50Price Target Upside19.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.04
Revenue Forecast (FY)£37.98M
Elite UK REIT Business Overview & Revenue Model
Company Description
Elite UK REIT operates as a real estate investment trust (REIT) with a core strategy focused on acquiring commercial and real estate-related assets across the United Kingdom. Its extensive property portfolio is predominantly composed of freehold p...
How the Company Makes Money
Elite UK REIT generates income mainly from rental revenue earned from leasing its UK properties to tenants under contractual lease agreements. Rental income is typically structured as base rent payable by tenants, and may include lease features su...
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
Negative
34.00
Price Trends
31.65
Negative
32.04
Negative
32.51
Negative
Market Momentum
-0.15
Positive
41.24
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:MXNU, the sentiment is Negative. The current price of 34 is above the 20-day moving average (MA) of 31.05, above the 50-day MA of 31.65, and above the 200-day MA of 32.51, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 41.24 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
63 Neutral | £197.31M | 0.13 | 5.84% | 8.36% | -1.97% | -34.76% | |
61 Neutral | $319.29M | 15.17 | 4.67% | 8.44% | -1.69% | -32.49% | |
57 Neutral | $225.68M | 10.47 | 2.75% | 2.40% | -5.79% | 143.55% | |
54 Neutral | $186.96M | -44.75 | 0.60% | 1.41% | 3.79% | ― | |
50 Neutral | $147.93M | -5.47 | -6.69% | 5.06% | -5.96% | -13.94% | |
40 Underperform | S$247.45M | -2.65 | -13.02% | 8.37% | -32.17% | -868.48% |
* Real Estate Sector Average
SG:MXNU
Elite UK REIT
31.50
0.27
0.87%
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Elite UK REIT Corporate Events
Elite UK REIT Details Use of £7.4m Private Placement Proceeds
Jul 1, 2026
Elite UK REIT has detailed the planned use of approximately £7.4 million raised from a recent private placement, allocating around £1.3 million to part-finance a proposed acquisition and about £6.1 million to support the conversion ...
Elite UK REIT Gains CPFIS Access for SGX-Listed Units
Jun 9, 2026
Elite UK REIT has secured inclusion of its Singapore dollar-denominated units under the Central Provident Fund Investment Scheme – Ordinary Account, effective 9 June 2026. This allows Singapore investors to use savings from their CPF ordinar...
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.