OUE REIT's portfolio now comprises six assets located in Singapore; three office assets — OUE Bayfront, One Raffles Place and OUE Downtown Office; two hotels — Hilton Singapore Orchard and Crowne Plaza Changi Airport; and retail mall Mandarin Gallery.
OUE REIT is benefitting from interest cost savings, say Lock Mun Yee and Li Jialin of CGS International (CGSI), in a relatively upbeat report following the release of the REIT’s results for 1HFY2025 ended June 30.
The REIT’s net property income (NPI) and revenue fell 10.6% y-o-y and 10.1% y-o-y respectively in 1HFY2025 due to the absence of revenue contributions from Lippo Plaza Shanghai, which was divested in December 2024.
