The unit price of Elite Commercial REIT finished the trading day on 23 November 15% higher from its previous close.

This spike in unit price came amid an outlier married deal and news that the REIT has appointed a new chief financial officer (CFO).

Elite Commercial REIT is a Singapore Exchange (SGX)-listed REIT that owns a portfolio of commercial assets across the UK.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.