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Elite UK REIT (MXNU) investor relations material
Elite UK REIT Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved revenue of £38 million for FY2025, up 1.3% year-over-year, driven by rental reversions and new asset contributions.
High occupancy rate of 98.6% as of 31 Dec 2025, with a portfolio WALE extended to 7.2 years after lease regears.
Early lease regears reduced FY2028 expiries from 95.7% to 32.0%, improving income visibility.
Portfolio valuation increased to £425 million, up 2.0% from 2024 and 3.0% from 2023.
Unit price rose 22% year-over-year, delivering a 75% total return since Q1 2024.
Financial highlights
Revenue grew to £37.97 million, a 1.3% increase year-over-year.
Distributable income rose 4.6% to £19.3 million.
DPU increased 5.6% to 3.03 pence; adjusted DPU up 4.5%.
Net property income slightly decreased due to lower dilapidation settlements and repositioning expenses.
Cost of debt reduced by 20 bps to 4.7% as of 31 Dec 2025.
Outlook and guidance
Management prioritizes finalizing remaining DWP lease regears, portfolio reconstitution, and asset repositioning.
Focus on disciplined capital structure optimization and improving trading liquidity.
Three value-add conversion projects, including Lindsay House, to be delivered from 2026 onwards.
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