SINGAPORE (Feb 4): OUE Commercial REIT (OUECT) could well have started to reap profits from its merger with OUE Hospitality Trust (OUEHT). 

Following the merger, OUECT has become one of the largest diversified REITs with total assets of some $6.8 billion and seven properties across the commercial and hospitality segments in Singapore and Shanghai to its name. 

For one, the OUECT’s results for 4Q19 ended December were largely “in line” with analysts’ expectations. The REIT booked a distribution per unit (DPU) of 0.84 cent, some 12% higher than the 0.75 cent DPU back in 4Q18. However, FY19 DPU fell 4.9% y-o-y to 3.31 cents on an enlarged base. 

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