Elite Commercial REIT posted $15.97m NPI since listing

Uploaded By:  Clarist Zablan Submitted By:  Clarist Zablan Case Study:  No It saw greater profit than expected due to higher revenue and savings. Elite Commercial REIT's net property income (NPI) hits $15.97m (£9.06m) since its listing on 6 February up to 30 June, the company announced. Revenue reached $16.43m (£9.32m) over the same period. The REIT’s actual revenue was 0.3% higher than expected, whilst its finance costs were 7.3% lower than the forecast largely due to the decline in the benchmark rate of 3-month GBP Libor, resulting in cost savings as compared to the forecast prepared for the prospectus. read more