OUEHT saw distribution per stapled security (DPS) surge to 1.21 cent for the second quarter ended June, from 0.92 cents a year ago.
SINGAPORE (Aug 2): OCBC Investment Research is rating OUE Hospitality Trust (OUEHT) as its top pick among the hospitality REITs, after OUEHT on Tuesday posted a “blockbuster” 31.5% growth in distribution per unit (DPU).
OCBC is keeping its “buy” call on OUEHT with a higher fair value estimate of 82 cents, from 75 cents previously.
