OUE REIT's 2H 2024 DPU Rises 8.7% YoY to 1.13 Singapore cents
Our CEO, Mr Han Khim Siew, recently joined CNBC’s Squawk Box Asia, hosted by Sri Jegarajah and John Patrick Ong to discuss our 2H 2024 results, the successful divestment of Lippo Plaza in Shanghai as well as the sector outlook in 2025.
[龇牙]Resilient Performance Despite Heightened Macroeconomic
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2H DPU increased by 8.7% YoY to 1.13 Singapore cents
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Revenue increased by 1.7% YoY to S$148 million in 2H 2024, underpinned by the stable operational performance of the Singapore office portfolio and the successful asset enhancement of Crowne Plaza Changi Airport
[开心]Singapore-focused and Well-balanced Portfolio Provides Stable Returns
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Singapore office portfolio recorded positive rental reversion of 10.7% in FY 2024 while average passing rent grew by 1.0% QoQ
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Hospitality revenue for 2H 2024 grew by 5.4% YoY, led by Crowne Plaza Changi Airport’s 2H 2024 YoY revenue per available room (“RevPAR”) surged by growth of 25.5%, following the successful asset enhancement completed in December 2023
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Mandarin Gallery’s committed occupancy increased by 2.9 ppt QoQ to 98.2% and achieved high positive rental reversion of 19.8% in FY 2024
[胜利]Improved Balance Sheet with Effective Capital Management
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Weighted average cost of debt decreased to 4.7% p.a. while aggregate leverage was at 39.9% as of 31 December 2024
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Well-spread debt maturity profile with average term of debt at 3.0 years
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Only S$116 million debt due in 2025, accounting for 4.9% of total debt
Press Release: https://investor.ouereit.com/newsroom/20250123_192721_TS0U_W71A5DAG0PG86P4I.2.pdf
Presentation: https://investor.ouereit.com/newsroom/20250123_192721_TS0U_W71A5DAG0PG86P4I.3.pdf
Watch the interview here: https://www.cnbc.com/video/2025/01/24/oue-reit-ceo-no-plans-to-expand-in-china-amid-supply-overhang.html
修改于 2025-01-27 17:52
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