The REIT says that this decrease in NPI and revenue is mainly due to the divestment of Lippo Plaza in Shanghai and lower contributions from the hospitality segment due to a weaker trading environment compared to the year before.
OUE REIT has reported a net property income (NPI) of $53.2 million for the 1QFY2025 ended March 31, 2025, down 12.1% y-o-y.
The REIT's revenue for the quarter came in at $66 million, down 11.9% y-o-y.
