OUE C-Reit Q1 DPU falls 9% on enlarged unit base from placement
Singapore
HIGHER income support draw down helped OUE Commercial Reit (OUE C-Reit) post a 4.7 per cent rise in amount available for distribution for Q1FY18, while distribution per unit fell 8.9 per cent to 1.12 Singapore cents due to an enlarged unit base from the private placement completed in March last year.
Revenue edged 1.6 per cent lower year-on-year to S$44.1 million on the back of lower rental income, but net property income wa…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 retail units, HDB shops on market for S$210 million