OUE C-Reit posts 12% increase in Q4 DPU, NPI soars post-merger
It saw a full quarter's contribution of merger with OUE Hospitality Trust and contribution from OUE Downtown Office
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OUE Commercial Real Estate Investment Trust (C-Reit) posted a 12 per cent year-on-year rise in distribution per unit (DPU) to 0.84 Singapore cent for the fourth quarter ended Dec 31, 2019.
Revenue surged over 80 per cent to S$86.79 million, while net property income jumped nearly 93 per cent to S$70.58 million on the back of a full quarter's contribution of the merger with OUE Hospitality Trust as well as contribution from OUE Downtown Office, which was acquired on Nov 1, 2018.
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