Elite UK REIT (SGX:MXNU) Scaled Net Operating Assets: 0.99 (As of Jun. 2026)

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SGX:MXNU Elite UK REIT SGX:MXNU
41 GF Score
Price £0.32
GF Value £0.25
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Elite UK REIT Scaled Net Operating Assets?

Elite UK REIT SGX:MXNU 41 Scaled Net Operating Assets is 0.99 as of Jun. 2026. GuruFocus rates SGX:MXNU with a GF Score™ of 41/100 and a GF Value™ of £0.25 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Elite UK REIT's operating assets for the quarter that ended in Jun. 2026 was £466.39 Mil. Elite UK REIT's operating liabilities for the quarter that ended in Jun. 2026 was £27.81 Mil. Elite UK REIT's Total Assets for the quarter that ended in Dec. 2025 was £444.01 Mil. Therefore, Elite UK REIT's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.99.


Elite UK REIT Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Elite UK REIT's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Elite UK REIT Scaled Net Operating Assets Chart

Elite UK REIT Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 1.49 0.87 0.84 0.94 0.94

Elite UK REIT Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.94 0.94 0.92 0.95 0.99

SGX:MXNU vs BXP, ARE, VNO: Scaled Net Operating Assets Comparison

For the REIT - Office subindustry, Elite UK REIT's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Elite UK REIT Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Elite UK REIT's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Elite UK REIT's Scaled Net Operating Assets falls into.


SGX:MXNU
41GF Score
Elite UK REIT SGX:MXNU
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elite UK REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Elite UK REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(427.98-16.084)/440.298
=0.94

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=444.005 - 16.025
=427.98

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=202.307 - 186.215 - 0.008
=16.084

Elite UK REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Dec. 2025 )
=(466.386-27.807)/444.005
=0.99

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=467.609 - 1.223
=466.386

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=188.021 - 160.206 - 0.008
=27.807

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.99 mean?
Elite UK REIT (SGX:MXNU) has a Scaled Net Operating Assets of 0.99 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Elite UK REIT and its competitors.
Is Elite UK REIT's Scaled Net Operating Assets too high?
Elite UK REIT's current Scaled Net Operating Assets is 0.99. Overall, Elite UK REIT has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite UK REIT's Scaled Net Operating Assets compare to BXP and ARE?
Elite UK REIT's Scaled Net Operating Assets of 0.99 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Elite UK REIT and its competitors. Elite UK REIT's current Scaled Net Operating Assets is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite UK REIT stock overvalued right now?
Based on GuruFocus' analysis, Elite UK REIT (SGX:MXNU) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.25, compared to a current price of £0.32 — trading 26% above its estimated fair value. The current Scaled Net Operating Assets is 0.99. Elite UK REIT's overall GF Score™ is 41/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Elite UK REIT (SGX:MXNU), the current Scaled Net Operating Assets is 0.99 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Elite UK REIT (SGX:MXNU) Overvalued in 2026?

Based on GuruFocus' analysis, Elite UK REIT stock appears to be overvalued. The current stock price of £0.32 is trading 26% above its estimated GF Value™ of £0.25. GuruFocus considers Elite UK REIT to be Modestly Overvalued.

Key valuation signals for SGX:MXNU:

  • Scaled Net Operating Assets: 0.99
  • GF Value™: £0.25 vs. price of £0.32 (26% above fair value)
  • GF Score™: 41/100 with 6 warning signs

No single metric tells the full story. See the SGX:MXNU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Elite UK REIT Business Description

Industry Real EstateREITs
Address 3 Church Street, No. 09-03 Samsung Hub, Singapore, SGP, 049483
Elite UK REIT is a Singapore real estate investment trust (REIT) established with the investment techniques of principally investing, directly or indirectly, in real estate and real estate-related assets in the UK. Geographically, operates in Singapore, Europe, the UK, Hong Kong, Malaysia, the rest of Asia Pacific, and other Countries.
41GF Score

Get the complete analysis for SGX:MXNU

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£0.32
Price
£0.25
GF Value