CNBC: OUE REIT CEO discusses earnings and business outlook

OUE REIT
2024-07-26

OUE REIT Delivered Continued Revenue and NPI Growth in 1H 2024

[微笑]Revenue and net property income increased by 5.7% and 1.6% YoY to S$146.7 million and S$117.1 million, respectively, mainly driven by higher contribution from the hospitality segment, and the stable performance of Singapore commercial properties

[微笑] Singapore office properties achieved positive rental reversions of 11.7% in the second quarter of 2024, with committed occupancies inching up to 95.2% as of 30 June 2024

[微笑] Hospitality segment RevPAR increased by 15.8% YoY to S$269 in 1H 2024

[微笑] Only 14.4% of total debt due in 2025

[微笑] Aggregate leverage decreased to 38.7% with well-spread out debt maturity profile at 2.7 years

Check out our CEO's interview with CNBC to get more insights!

https://www.cnbc.com/video/2024/07/25/oue-reit-ceo-discusses-earnings-and-business-outlook-.html

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