OUECT’s DPU was dragged by lower income support for OUE Downtown, higher interest expense and smaller distribution of divestment gain from OUE Bayfront, say CGS-CIMB Research analysts Lock Mun Yee and Natalie Ong.
OUE Commercial REIT (OUECT) is showing brightening prospects, with its hospitality segment gaining traction in recovery, say analysts.
OUECT announced FY2022 ended December results on Jan 30, with distribution per unit (DPU) for the full year at 2.12 cents, down 18.5% y-o-y. While 2HFY2022 net property income (NPI) was up 8.6% y-o-y to $103.3 million, full-year NPI was down 3.6% y-o-y to $196.9 million.
