Elanor Commercial Property Fund Q3FY24 Distribution and Leasing Performance

Elanor Commercial Property Fund (ASX: $ECF) has announced a distribution of 2.125 cents per security for the period from 1 January 2024 to 31 March 2024 (Q3FY24). The fund also reaffirmed its FY24 distribution guidance of 8.5 cents per security. Additionally, it signed Heads of Agreement with DXC Technology for a six-year lease extension over the entire Campus DXC property in Felixstow, Adelaide, commencing September 2024, and with key tenant, Thomson Reuters, for a five-year lease over approximately 2,000m² at 19 Harris St, Pyrmont, Sydney, commencing February 2025.

Executive Commentary

We are pleased to report a strong leasing performance and the reaffirmation of our distribution guidance for FY24. The signed lease extensions with DXC Technology and Thomson Reuters demonstrate the attractiveness of our commercial office assets to key tenants. These agreements further solidify our position and provide long-term income visibility for our investors. We remain committed to delivering sustainable value and attractive returns to our securityholders. - Glenn Willis, Managing Director and Chief Executive Officer, Elanor Investors Group

Summary and Outlook

Elanor Commercial Property Fund's Q3FY24 distribution of 2.125 cents per security and the reaffirmation of its FY24 distribution guidance of 8.5 cents per security reflect the fund's strong performance. The signed lease extensions with DXC Technology and Thomson Reuters underscore the attractiveness of its commercial office assets and provide long-term income visibility. The fund's commitment to delivering sustainable value and attractive returns to its securityholders is evident in these developments. With a focus on strong leasing performance and reaffirmed distribution guidance, Elanor Commercial Property Fund continues to position itself as a reliable investment option in the Australian commercial office assets sector.