Elite Commercial REIT (MXNU) Fair Value & Analysis
Real Estate · SG · Market cap £200M
Fair value as of: Aug 13, 2026
From 12 valuation models · updated 4 days ago
Share price +1.6% over the past month.
A solid business, screening 19% undervalued on our models.
What matters now
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
- Our model range runs from £0.2800 (bear) to £0.4600 (bull), base £0.3700. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range £0.1591 – £0.4281 · fair‑value band £0.2800 – £0.4600 · the £0.3100 price screens below the £0.3700 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Elite Commercial REIT (MXNU) currently trades at £0.3100, while our model-based Fair Value estimate is £0.3700, implying the stock looks roughly 19.4% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Elite Commercial REIT generated revenue of £38.3M at a net margin of 36.2%. Revenue declined 4.4% year over year. It earns a return on equity of 5.7%. Net debt stands at £169M. Fundamentals as of Aug 13, 2026
Our scenario range runs from £0.2800 (bear case) to £0.4600 (bull case); at £0.3100, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at 19%, MXNU screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 12 models by family
Widest divergence: Growth DCF (£0.4900) versus Asset-Based (£0.2500). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 50
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Elite UK REIT operates as a real estate investment trust. It primarily invests in commercial assets and real estate-related assets in the United Kingdom. The company's investment properties comprise freehold properties located in London and South East, North West, Midlands, North East, South West, Yorkshire and Humber, East, Scotland, and Wales.
Full company description
Elite UK REIT operates as a real estate investment trust. It primarily invests in commercial assets and real estate-related assets in the United Kingdom. The company's investment properties comprise freehold properties located in London and South East, North West, Midlands, North East, South West, Yorkshire and Humber, East, Scotland, and Wales. It qualifies as a real estate investment trust for federal income tax purposes. The company was formerly known as Elite Commercial REIT and changed its name to Elite UK REIT in May 2024. Elite Commercial REIT Management Pte. Ltd. operates as the manager of Elite UK REIT. Elite UK REIT was founded in 2018 and is based in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Elite Commercial REIT reported revenue of £38.3M in FY2025 versus £34.7M in FY2021, a compound +2.5%/yr. Reported net income was £13.9M in FY2025.
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Peer Group
REIT - Office · 71 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Office median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Office stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| MERLIN Properties SOCIMI, S.A MRL | €15.23 | €5.66 | -63% |
| BXP, Inc BXP | $67.95 | $53.27 | -22% |
| Vornado Realty Trust VNORP | $51.00 | $40.45 | -21% |
| Alexandria Real Estate Equities, Inc ARE | $48.06 | $58.69 | +22% |
| Hudson Pacific Properties, Inc HPP | $14.31 | $4.28 | -70% |
| Mapletree Pan Asia Commercial Trust N2IU | 1.27 SGD | 1.14 SGD | -10% |
| Cousins Properties Incorporated CUZ | $29.49 | $17.46 | -41% |
| Kilroy Realty Corporation KRC | $36.24 | $40.37 | +11% |
| Keppel DC REIT AJBU | 2.21 SGD | 1.68 SGD | -24% |
| DEXUS DXS | A$5.96 | A$4.49 | -25% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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