Total income available for distribution for the quarter surged 85.9% to $29.5 million, translating into a distribution per unit (DPU) of 0.79 cent, or a 43.6% increase from 0.55 cent back in 3Q18. According to the REIT, this came on the back of gains from the merger.
SINGAPORE (Nov 19): OUE Commercial Trust (OUECT) seems poised to thrive on its recent merger with OUE Hospitality Trust (OUEHT), which appears to have ticked all the boxes for the REIT.
OUECT’s latest set of financial results for 3Q19 ended September saw it register increases across several key financial metrics.
