[胜利] OUE REIT is pleased to announce steady 1Q 2025 operating performance, enhanced by a significant decline in financing costs. Mr Han Khim Siew, Chief Executive Officer of the Manager, said, “Our fully Singapore-based portfolio continues to demonstrate its defensive qualities and deliver income resilience amid ongoing macro upheavals, underpinned by quality tenants, high office occupancies, and strong operating performance. The attractive coupon rates achieved from the issuance of our inaugural 3-year and 7-year investment-grade Green Bonds in the second half of 2024, along with the decline in Singapore Overnight Rate Average (SORA), have enabled us to lower our financing costs by approximately 11.3% YoY to S$22.6 million compared to S$25.5 million in 1Q 2024. Looking ahead, our fundamen

#Throwback March was an eventful month for OUE REIT as we participated in the SGX-NHIS-DBS S-REITs Corporate Day in Seoul, followed by the HSBC Global Investment Summit in Hong Kong. Across both roadshows, we had the opportunity to engage with our existing and prospective institutional investors and family offices. We shared the latest developments at OUE REIT and exchanged valuable insights on market outlook. Key Feedback: Our Singapore-centric portfolio of prime-located assets is well-positioned to deliver sustainable return to investors. The divestment of Lippo Plaza in Shanghai was positively received as a strategic move to re-align our portfolio. Continued confidence in the Singapore office market, supported by limited new supply and the ongoing “return to office” trend. Recognition o

We are pleased to share that OCBC Investment Research has recently initiated coverage on OUE REIT with a ‘BUY’ call and a fair value (FV) estimate of S$0.340, citing attractive 12-month forward distribution yield of 6.9%. Key points: ✨ High-quality assets with a balanced sector mix underpins OUE REIT's ability to enhance income resilience through changing market dynamics 🔸Despite moderated growth in the commercial and hospitality segment, its strategically located assets will enable the REIT to continue absorbing demand ahead of its competitors in a potentially challenging market ✨ Strategic steps taken to restoring restore investors’ confidence and bridge the discount to its net asset value (NAV) 🔸Rebranding from OUE Commercial REIT to OUE REIT to better reflect its focus on three se

OUE REIT is pleased to announce stable operational performance for the financial period of 1 July 2024 to 30 September 2024 (“3Q 2024”). Revenue and net property income (“NPI”) reached S$74.8 million and S$60.3 million, respectively. [胜利]Resilient Operating Metrics: Singapore office portfolio recorded positive rental reversion of 10.8% while committed occupancy remained high at 95.4% in 3Q 2024 Hospitality segment’s revenue per available room (“RevPAR”) increased by 0.3% YoY to S$296. Mandarin Gallery average passing rent increased by 3.5% QoQ to S$21.84 psf per month [胜利]Proactive Capital Management: Aggregate leverage remained stable at 39.3% as of 30 September 2024 Well-spread debt maturity with only 6.7% total debt due in 2025 Completed first 7-year investment grade green notes issuanc

Ever wondered how OUE REIT provides resilience and growth amidst market uncertainties? We have a barbell strategy, with revenue almost evenly split between office (50.2%) and hospitality and retail (49.8%), providing income resilience and attractive returns.   But there’s more to our approach. Our gamma strategy is designed to thrive across market cycles, leveraging volatility to our advantage. Combined with strategically located core assets, we’re positioned defensively and ready to capitalise on the flight-to-quality trend during uncertain times.   Add to that, our proactive and timely capital management has minimised the impact of rising interest rates, strengthened our capital structure, and positioned us well in a potential interest rate-cut environment and enabling us to em

What a great turnout of more than 140 attendees at The Edge Singapore’s REITs Investment Forum last week! Mr Geoff Howie kick-started the forum by sharing encouraging statistics on S-REITs’ outlook and performance. In particular, in 2H 2024 (to 16 Aug), institutions have reversed 6% of the S$1 billion of net outflow in 1H 2024, with OUE REIT seeing one of the biggest partial reversals. Similarly, Ms Nupur Joshi, CFA also expressed her optimism that S-REITs are beginning to see light at the end of the tunnel with the potential rate cuts in September. During the panel discussion, our CEO, Mr Han Khim Siew shared how OUE REIT’s barbell strategy has enabled us to provide income resilience and attractive returns. He also addressed concern about Singapore’s slowing tourism recovery, citing tha

We are pleased to share that DBS Bank, 凯基证券 KGI SECURITIES , Maybank, and PhillipCapital have expressed their confidence in OUE REIT by maintaining a 'BUY' call following our 1H 2024 results announcement. Meanwhile, CGS International Securities Singapore also maintained their 'Hold' call with an unchanged target price. Post-results, Beansprout initiated coverage on OUE REIT, citing the underrated growth potential, with DPU expected to rebound in FY 2025. Key analysts takeaways: 🏢 OUE REIT’s underlying operational performance was “resilient” 🏢 FY2024 earnings to be supported by the high single-digit rental reversion for both its retail and office segments 🏢 The recovery of OUE REIT’s hospitality segment came in ahead of expectations 🏢Despite higher financing costs, OUE REIT’s gearing remai

OUE REIT Completes its First Investment Grade Green Notes Issuance - Initial Target Size 3.2 times Oversubscribed OUE REIT Management Pte. Ltd., in its capacity as manager (the “Manager”) of OUE Real Estate Investment Trust (formerly known as OUE Commercial Real Estate Investment Trust) (“OUE REIT”), wishes to announce that OUE REIT’s wholly-owned subsidiary, OUE REIT Treasury Pte. Ltd. (formerly known as OUE CT Treasury Pte. Ltd.) has successfully completed the issuance of its S$250 million inaugural green notes (the “Notes”) at a 4.10% fixed rate due 2027. S&P Global Ratings has assigned a “BBB-” rating to the Notes. Key Highlights: [微笑] Achieved peak orderbook in excess of S$475 million at initial price guidance of 4.35% [微笑] Offer subsequently upsized from initial target si