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OUE Commercial Real Estate Investment Trust (OUE C-REIT)
REITs
OUE C-REIT subsidiary prices $150 mil five-year notes with 3.95% p.a. coupon
The net proceeds will be used for refinancing existing borrowings and the REIT’s working capital requirements.
May 25, 2021
Results
OUE C-REIT reports 2.7% higher distributable income of $37.1 mil in 1Q21
The REIT reported 1.6% lower NPI of $61.1 million mainly due to the provision of rental rebates to selected tenants.
May 04, 2021
REITs
OUE C-REIT to divest 50% interest in OUE Bayfront property for $1.27 bil
The agreed value of the property represents a 26.1% premium over the purchase consideration of $1.01 billion.
January 19, 2021
REITs
Enlarged, diversified portfolio increases OUE Commercial REIT's relevance and visibility
The stability of OUE C-REIT’s income has been underpinned by a diversified portfolio and relatively stable operating performance in the office segment, which recorded positive rental reversions in 2019 and for 1H2020.
August 21, 2020
Property
OUE sells US Bank Tower for US$430 million
OUE will book a drop in EPS of 35 cents from the sale
July 17, 2020
Property
OUE to sell Downtown serviced apartments and business for combined $289 mil
SINGAPORE (Sept 19): Real estate group OUE has entered into sale and purchase agreements to sell OUE Downtown Serviced Apartments and its direct wholly-owned subsidiary, OUE Downtown, for a total of $289 million.
September 19, 2019
Results
OUE C-REIT sees 1H income for distribution jump 43% to $48.6 mil even as DPU drops 23% to 1.68 cents on enlarged base
SINGAPORE (Aug 7): The manager of OUE Commercial Real Estate Investment Trust (OUE C-REIT) has announced distribution per unit (DPU) of 1.68 cents for the 1H19 ended June, some 22.9% lower than DPU of 2.18 cents a year ago.
August 07, 2019