Home Capital Broker's Calls

OUE Commercial REIT forecast DPU lowered on new debt and rental growth assumptions

PC Lee
PC Lee11/3/2017 01:47 PM GMT+08  • 2 min read
OUE Commercial REIT forecast DPU lowered on new debt and rental growth assumptions
SINGAPORE (Nov 3): CIMB is lowering OUE Commercial REIT FY18-19’s DPU estimates slightly to factor in the additional debt as well as relook its forward rental growth assumptions.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 3): CIMB is lowering OUE Commercial REIT FY18-19’s DPU estimates slightly to factor in the additional debt as well as relook its forward rental growth assumptions.

To recap, OUE CT reported a 2.1% decline in 3Q17 revenue to $43.3 million while distribution income came in 3.4% higher y-o-y at $17.8 million, helped by the absence of manager’s performance fees and higher income support drawdown.

However, DPU of 1.15 cents was 13% lower y-o-y due to dilution from the private placement done in March this year.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.