This brings full year DPU to 2.06 cents. While the FY2024 payout was down by 1.4% over FY2023, it was above expectations, says DBS in its Jan 23 note.
DBS Group Research has kept its "buy" call and 33 cents target price on OUE REIT (SGX:TS0U
) , described as a counter "anchored in stability".
For its 2HFY2024 ended Dec 2024 period, OUE REIT reported a DPU of 1.13 cents, up 8.7% y-o-y, boosted by the removal of working capital retention, as well as the distribution from divestment proceeds of its stake in OUE Bayfront.
