Post-merger OUE C-Reit posts 44.5% jump in Q1 amount available for distribution; virus impact still unclear

Singapore

AS THE Covid-19 situation continues to evolve, its full impact on OUE Commercial Real Estate Investment Trust (OUE C-Reit) will depend on factors such as the duration of the pandemic, length of the circuit breaker and the trajectory of recovery when the pandemic is brought under control, the Reit said in its latest financial results.

The Reit's manager plans to maintain its focus on proactive asset management and managing capital prudently for "financial flexibility, so as to preserve sustainable long term returns for unitholders".