OUE C-Reit's Q3 DPU slides on lower revenue, higher interest expenses

Singapore

LOWER revenue and higher interest expenses dampened results for OUE Commercial Reit (OUE C-Reit) for its third quarter ended Sept 30.

Distribution per unit slid to 0.55 Singapore cent from 0.62 Singapore cent in the previous year. The latter was restated to include the 1.3 billion new units issued on Oct 30 to finance the purchase of the office component of OUE Downtown. This acquisition was completed on Nov 1.