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Elite UK REIT (MXNU) Fair Value & Analysis

Real Estate · SG · Market cap £200M

EU Elite UK REIT MXNU · SG
Price£0.3150
Fair Value£0.3700
Upside+17.5%
Quality56/100
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Evidence: High Range £0.2800 – £0.4600

Fair value as of: Jul 4, 2026

From 21 valuation models · updated today

Share price −3.2% over the past month.

Price vs Fair Value (12 months)

£0.3445 £0.2879 Fair Value £0.3700 Jul 2025 Jul 2026

12‑month range £0.2879 – £0.3445 · fair‑value band £0.2800 – £0.4600 · the £0.3150 price screens below the £0.3700 fair value. As of Jul 4, 2026.

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Analysis

Elite UK REIT (MXNU) currently trades at £0.3150, while our model-based Fair Value estimate is £0.3700 — implying the stock looks roughly 17.5% undervalued today. We read business quality 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 UK 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 Jul 4, 2026

Key figures & financial health

Revenue (TTM) £38.3M
Revenue growth (YoY) -4.4%
Net margin 36.2%
Return on equity 5.7%
Free cash flow £36.7M FY2025
P/E ratio 15.8
More key figures
Operating margin 81.0%
EPS (TTM) £0.0200
Dividend yield 9.7%
EPS growth (YoY) -12.8%
Net debt £169M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

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. 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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Elite UK 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.

Revenue +2.5%/yr
FY21 £34.7M
FY22 £37.1M
FY23 £45.2M
FY24 £39.1M
FY25 £38.3M
Net income
FY21 −£4.7M
FY22 −£18.3M
FY23 −£22.2M
FY24 £20.5M
FY25 £13.9M

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Similar stocks

6 more REIT - Office stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock Price Fair Value vs Fair Value
MERLIN Properties SOCIMI, S.A MRL €15.23 €8.74 -43%
BXP, Inc BXP $64.70 $45.52 -30%
Alexandria Real Estate Equities, Inc A1RE34 R$67.00 R$62.43 -7%
Vornado Realty Trust VNORP $51.75 $47.22 -9%
Gecina GECFF $87.89 $118.75 +35%
Hudson Pacific Properties, Inc HPP $14.40 $13.33 -7%

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Frequently asked questions

Is Elite UK REIT (MXNU) undervalued?
As of Jul 4, 2026, our model estimates a fair value of £0.3700 versus a price of £0.3150 — about +17% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MXNU?
Our model-based fair value for Elite UK REIT is £0.3700 (as of Jul 4, 2026), built from audited fundamentals. The current price is £0.3150.
What is the quality score of MXNU?
Elite UK REIT has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Elite UK REIT (MXNU)?
Elite UK REIT reported trailing-twelve-month revenue of about £38.3M (latest available figure, as of Jul 4, 2026).
What is the net profit margin of MXNU?
The net profit margin of Elite UK REIT is about 36.2%, meaning it keeps roughly 36.2% of revenue as net income. Based on the latest reported figures.
Does Elite UK REIT pay a dividend?
Elite UK REIT currently shows a dividend yield of about 9.68% relative to its recent price (as of Jul 4, 2026).

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.