oue commercial reit

OUE Reit Q1 NPI rises 6.9% to S$60.5 million

OUE Reit posted net property income (NPI) of S$60.5 million for its first quarter ended Mar 31, 2024, up 6.9 per cent from S$56.6 million a year ago.

The loan is OUE Reit's first sustainability-linked loan tied to its recalibrated sustainability performance targets announced on Feb 29.

OUE Reit obtains S$600 million unsecured sustainability-linked loan

The facility will be used to refinance the real estate investment trust’s existing S$540 million debt

Having a diversified portfolio with both office and hospitality assets gives OUE Reit stability and a pathway for growth, says Han Khim Siew, chief executive of the Reit's manager.
TOPLINE

OUE Reit eyes higher hospitality contribution in growth push

WHILE offices and hotels are both considered commercial assets, they have markedly different operating and investing characteristics. Having a portfolio comprising both types of properties, though, ha...

OUE Reit's manager attributed the higher revenue and net property income to the strong operational performance of its Singaproe portfolio, which includes Hilton Singapore Orchard.

OUE Reit declares flat H2 DPU of S$0.0104 despite higher revenue

OUE Reit’s distribution per unit stayed flat year on year at S$0.0104 for its second half ended Dec 31, 2023, its manager reported on Monday (Jan 29).

The rebranding is a better reflection of OUE Reit’s focus in the hospitality, office and retail sectors, says the manager.

OUE C-Reit to rebrand to OUE Reit from Jan 29

THE manager of OUE Commercial Real Estate Investment Trust (Reit) announced in a bourse filing on Wednesday (Jan 24) that the Reit will be rebranding to OUE Reit from Jan 29.

The upgrade comes after the Reit posted a 29.8 per cent increase in net property income for Q3.

Brokers’ take: DBS upgrades OUE C-Reit to ‘buy’ after recovery beats expectations

DBS Group Research on Tuesday (Oct 31) upgraded OUE Commercial Real Estate Investment Trust (OUE C-Reit) to “buy” from “hold”. Its target price of S$0.35 remained unchanged.

Part of OUE C-Reit's better performance is attributed to the five-star Hilton Singapore Orchard hotel, which was operating a total inventory of 1,080 rooms in Q3, from 634 rooms a year ago.

OUE C-Reit net property income up 29.8% in Q3

MAINBOARD-LISTED OUE Commercial Real Estate Investment Trust (Reit) on Monday (Oct 30) reported a 29.8 per cent increase in its net property income (NPI) to S$62.7 million for the third quarter ended ...

Hongkong Land Holdings has topped the GRESB rankings released on Tuesday. Copen Grand executive condominium (above) is being developed by Hongkong Land subsidiary MCL Land.

Hongkong Land, Lendlease Global Reit top global ESG benchmark for real estate sector

HONGKONG Land Holdings topped a well-tracked environmental, social and governance (ESG) benchmark for the real estate sector for the first time this year, despite stiffer competition all around.

OUE Commercial Reit, which owns a diversified portfolio, needs to urgently look at value unlocking.
HOCK LOCK SIEW

OUE Commercial Reit should consider turning hospitality-centric for better valuation

SINGAPORE’S hotel owners are raking it in amid the tourism sector’s strong recovery post the Covid-19 pandemic. International visitor arrivals and hotel revenue increased sharply in 2023 from a year a...

The asset enhancement initiative will see the addition of rooms and a new meeting space, among other improvements, at Crowne Plaza Changi Airport.

OUE to spend S$22 million on new rooms, facilities at Crowne Plaza Changi Airport

OUE and OUE Commercial Real Estate Investment Trust (C-Reit) have announced a S$22 million asset enhancement initiative (AEI) for Crowne Plaza Changi Airport.