OUE Commercial REIT (OUE C-REIT) has reported a distribution amount of $67.2 million for the 1HFY2021 ended June, up 23.4% from $54.5 million previously.

This translates to a distribution per unit of 1.23 cents for the 1HFY2021, up from 1 cent the year before. 

The higher distribution amount was underpinned by the absence of any retentions compared to the year before, where the REIT retained $10.8 million due to Covid-19 uncertainties.

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