No thanks to the war in Ukraine, which drove up energy prices, UK suffered double-digit inflation this past year. Earlier today, on April 19, UK's CPI for March was reported as up 10.1% y-o-y. Analysts had been expecting 9.8%.
While the bulk of the properties enjoyed higher rates of 15.28%, 11 properties are subject to a rent reduction following a rent escalation of 15.28%.
As at Dec 31, 2022, the REIT has 155 properties in its portfolio, valued at £466.2 million.
Elite Commercial REIT closed April 18 at 41 pence, up 1.23%.
