OUE C-Reit posts 2.6% rise in Q2 distributable income
It also beats its own forecast; actual DPU of 1.01 cents for the quarter due to an expanded unit base
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OUE Commercial Reit (OUE C-Reit) registered a 2.6 per cent rise in income available for distribution to S$12.8 million for the second quarter ended June 30, exceeding its own forecast by 5 per cent.
This was buoyed by higher net property income from the portfolio, which saw a 2.8 per cent year-on-year increase to S$14.7 million.
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