Elite Commercial REIT is being bogged down by higher cost of debt and a decline in the valuation of its portfolio, but more headwinds are on the horizon.
The REIT, which is presently the only UK-focused REIT listed in the Asia-Pacific region, reported its financial results for FY2022 on 14 February.
For the financial year, the REIT generated revenue growth of 6.7% to GBP37.1 million compared to FY2021.
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