OUE C-Reit Q4 DPU down 34.2%

Singapore

OUE Commercial Reit's (OUE C-Reit) distribution per unit (DPU) slid 34.2 per cent to 0.75 Singapore cent from 1.14 Singapore cents for the fourth quarter ended Dec 31, 2018.

If Q4 2017 DPU were restated to include the 1.3 billion new units issued on Oct 30, DPU would have increased by 21 per cent to 0.75 Singapore cent from 0.62 Singapore cent a year ago. The rights units issue was done to finance the purchase of the office component of OUE Downtown. This acquisition was completed on Nov 1.