The manager of OUE Commercial REIT (OUE C-REIT) says that its 1H20 DPU has fallen by 40.5% to 1.0 cent from 1.68 cents in 1H19.
However, the REIT’s amount distributable to unitholders saw a 12.1% increase to $54.5 million from $48.6 million a year ago.
The reason for the lower DPU despite the higher amount distributable to unitholders is $13.8 million of distribution comprising tax-exempt income and capital distribution was retained to preserve financial flexibility in view of uncertainties posed by the Covid-19 situation.
