oue reit

OUE Reit, UOB gauging market interest for One Raffles Place as part of asset strategy

There is ‘no assurance that any binding agreement or any transaction will materialise’, says the Reit’s manager

At 280 m, One Raffles Place Tower One is one of the tallest buildings in Singapore. Beside it is the six-level retail mall.
SINGAPORE PROPERTY

One Raffles Place expected to be put on the market at S$2.3 billion to S$2.4 billion

All owners of the office and retail asset, above Raffles Place MRT station, are coming together for a potential sale

The family of property tycoons Gordon and Celine Tang now owns the managers of Suntec Reit and Acrophyte Hospitality Trust.
HOCK LOCK SIEW

As one Chinese billionaire family builds its S-Reit empire, what does it mean for minority investors?

The consolidation of power under the Tang family comes with some potential for growth, but also a fair share of uncertainty

The manager of OUE Reit posted a distribution per unit of S$0.0125 for the second half ended December, up 10.6 per cent year on year from S$0.0113.

CGSI raises target price on OUE Reit to S$0.41 on better-than-expected 2025 earnings, positive outlook

Analysts keep ‘add’ call management’s positive view on rental revisions for commercial assets

FY2025 distribution yield stands at 6.2%, based on the counter's closing price of S$0.36 as at the last trading day of FY2025.

OUE Reit H2 DPU up 10.6% at S$0.0125

However, revenue falls 4.2% due to no contributions from Lippo Plaza Shanghai, which the Reit had divested

Located at 180 George Street in Circular Quay, the Salesforce Tower in Sydney has 55 storeys and stands at a height of 263 m.

OUE Reit in ‘exclusive talks’ for partial stake in Salesforce Tower in Sydney

There is no certainty that any transaction will materialise at this juncture, says manager

The loan may be used to refinance the Reit’s other existing unsecured loan facilities.

OUE Reit gets S$100 million unsecured loan facility

Proceeds will be used for capital expenditure, working capital and general funding purposes

S-Reits' unit prices have rebounded this year, but some analysts note that their performance lags that of the broader Singapore market.
REIT WATCH

S-Reits set for best year since 2019 with 14.7% total returns in the year to date

Of the 33 iEdge S-Reit Index constituents, 29 posted positive total returns in the year to date

The manager of OUE Reit reports that its gearing stands at 40.9% as at Sep 30, up from 40.3% as at Jun 30.
BROKERS’ TAKE

Maybank upgrades OUE Reit to ‘buy’ amid lower cost of debt in Q3

Target price is raised to S$0.38 from S$0.30 previously

Suntec City Mall's Q3 rental reversion stands at 8.6%, moderating from 21.6% in the preceding quarter.
REIT WATCH

Q3 reporting season kicks off with growth in S-Reits’ distributions

[SINGAPORE] The latest earnings season for Singapore-listed real estate investment trusts (S-Reits) has commenced, with seven trusts reporting their latest financial results or business updates over t...