OIR analyst Donovan Tan notes that OUE REIT has “high-quality assets with a balanced sector mix.”
OCBC Investment Research (OIR) has initiated coverage on OUE REIT (SGX:TS0U
) with a “buy” call and target price of 34 cents, in a report released on Nov 4.
As of 31 Dec 2023, OUE REIT has total asset under management (AUM) of $6.3 billion, with six properties in Singapore and one in Shanghai. Notably, 93.5% of its portfolio asset value is in Singapore.
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