FY2024 DPU, however, fell by 1.4% y-o-y to 2.06 cents despite the lower capital retention of $5 million from last year’s $8 million and the capital distribution from the OUE Bayfront divestment.
Analysts from OCBC Investment Research (OIR), Maybank Securities and PhillipCapital have kept their positive calls on OUE REIT (SGX:TS0U
) after the REIT’s FY2024 results met or exceeded expectations.
OUE REIT’s 2HFY2024 distribution per unit (DPU) increased by 8.7% y-o-y to 1.13 cents thanks to higher revenue and the remaining $2.5 million capital distribution from the 50% divestment of OUE Bayfront.
