Property Stocks Down Under 9 November 2022: Elanor Commercial Fund (ASX:ECF)
Elanor Commercial Fund: One of the best in its sector, but in a poor sector
There are only about a dozen or so ASX REITs expecting growth in FFO (Funds from Operations) in FY23. One of those is Elanor Commercial Fund (ASX: ECF) that we last covered in July 2020. This REIT is unique, not just in its operator, but in that it is an office REIT expecting FFO growth. It is only 1% growth, but when you consider the average ASX office REIT expects a 3% decline, you’d take that. But what gives Elanor’s management cause for optimism?
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