In the quarter, the REIT’s revenue per available room (RevPAR) surged 11.7% y-o-y to $277, thanks to events such as the biennial Singapore Airshow and maiden voyage of the Disney Cruise. This helped drive NPI for the hospitality segment by 16.8% y-o-y.
Analysts continue to like OUE REIT after it reported 1QFY2026 numbers with net property income and revenue up by 8.4% y-o-y and 6.7% respectively, thanks to a strong rebound in its hospitality segment and resilient performance from the commercial portfolio.
While OUE REIT has recently expanded into Sydney with the partial acquisition of Salesforce Tower, its portfolio remains anchored here in Singapore with 95% of the $6.1 billion portfolio value. Growth was broad-based with both hospitality and commercial assets recording higher net property income, albeit at different rates.
