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OUE Commercial Real Estate Investment Trust (OUE C-REIT)
Results
OUE C-REIT reports net property income of $62.7 mil in 3QFY2023, 29.8% higher y-o-y
The hospitality segment continued to be the REIT’s growth driver.
October 30, 2023
Broker's Calls
Post-FY2022, OUE Commercial REIT on 'hold' with brightening hospitality segment: analysts
FY2022 DPU was down 18.5% y-o-y to 2.12 cents, dragged by a number of factors, say analysts.
February 02, 2023
Results
OUE C-REIT reports higher net property income but lower DPU for 2HFY2022
NAV per unit, as at Dec 31 2022, was 59 cents. OUE C-REIT units closed at 37 cents on Jan 30.
January 30, 2023
Tourism
Hilton Singapore Orchard reopens 446-room Orchard Wing
The hotel’s total inventory of 1,080 rooms is now fully operational.
January 03, 2023
Property
Healthway Medical Corporation and OUE Lippo Healthcare to terminate sub-lease agreement at OUE Downtown 2 early
The agreement, which was supposed to end in July 2023, will end on Dec 31 instead.
December 17, 2022
Results
OUE C-REIT reports 13.3% y-o-y lower distributable income of $26.2 mil for 3QFY2022
Revenue increased by 1.7% y-o-y to $59.5 million, while NPI increased 4.4% y-o-y to $48.3 million.
November 03, 2022
Results
OUE C-REIT reports 15.8% y-o-y lower distributable income of $31.2 mil for 1QFY2022
According to the REIT, its hospitality segment is positioned to ride the recovery in Singapore.
May 12, 2022
REITs
OUE C-REIT prices $100 mil 4.2% fixed rate notes with coupon step-down trigger upon re-rating
The rate of interest payable to noteholders will be reduced by 25 basis points to 3.95% upon the re-rating of the bonds.
May 06, 2022
REITs
OUE Commercial REIT joins FTSE EPRA Nareit Global Developed Index
The REIT’s inclusion takes effect from Sept 20.
September 02, 2021
Broker's Calls
Analysts mixed on OUE Commercial REIT's 1H21 performance and outlook
DBS has a "buy" call for the REIT, while CGS-CIMB kept its rating at "hold".
August 03, 2021