OUE Commercial REIT posts 1Q DPU of 1.23 cents, 6.8% lower from a year ago

SINGAPORE (May 5): The manager of OUE Commercial REIT (OUE C-REIT) has reported a DPU of 1.23 cents for 1Q17, 6.8% lower than a year ago.

Amount available for distribution was 2.3% lower at $16.6 million compared to the same period last year, mainly due to an adjustment for the amount set aside for the transfer of China-sourced profits from Lippo Plaza to statutory reserve.

“This is a prudent measure by the Manager to maintain sustainable distribution to unitholders,” says OUE C-REIT Management.

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