OUE Commercial Reit's Q2 DPU beats forecast

POSITIVE rental reversions boosted OUE Commercial Trust's distribution per unit (DPU) to 1.43 Singapore cents for its second quarter ended June 30 - 5.1 per cent above its forecast.

This brings its first distribution, for the period starting from Jan 27 when it listed, to 2.43 Singapore cents - to be paid out on Sept 2.

Net property income also rose 4.6 per cent above forecast to S$14.3 million, helped by lower property expenses on lower utilities and maintenance costs incurred.