OUE C-Reit Q1 DPU jumps 47.5%

Singapore

OUE Commercial Reit (OUE C-Reit) on Thursday posted a distribution per unit (DPU) of 0.9 Singapore cent for the first quarter ended March 31.

This was 47.5 per cent higher than 0.61 cent for Q1 2018, which was restated to include new units issued in October 2018. Gross revenue rose 25.5 per cent to S$55.3 million compared to the year-ago period, and net property income climbed 23.5 per cent to S$43.6 million.