CGS-CIMB analysts Lock Mun Yee and Eing Kar Mei have maintained their “hold” call on OUE Commercial REIT (OUE C-REIT) with a lower target price of 41.5 cents from 48.5 cents on a mixed performance from the REIT.

OUE C-REIT reported distribution per unit (DPU) of 1.43 cents for the 2HFY2020 ended December and 2.43 cents for the FY2020, which came in slightly below the analysts’ expectations at 92.4% of their forecast.

The analysts also noted that REIT’s office segment continued to perform well at a stable committed portfolio occupancy of 92.5% as at end December 2020, with its hospitality segment underpinned by master lease arrangements.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook