However, the amount available for distribution was weighed down by higher finance costs. The REIT held back a bigger quantum for working capital; its share of joint venture results dropped as well.
OUE REIT, the newly-renamed OUE (SGX:LJ3
) Commercial REIT (SGX:TS0U) , has maintained its 2HFY2023 distribution at 1.04 cents per unit.
Revenue in the same six months ended Dec 31, 2023 was up 16.4% over the year-earlier period and its net property income increased by 15.9% y-o-y.
