SINGAPORE (Aug 2): OUE Commercial REIT (OUE C-REIT) has posted a 34.7% rise in distribution per unit (DPU) of 1.36 cents for the 2Q16 ended June, compared to 1.01 cents in the same period last year.

Gross revenue for 2Q16 rose 132.2% to $45.7 million, while second quarter net property income came in at $35.2 million, an increase of 139.8% from a year ago. This was mainly attributable to contribution from One Raffles Place (ORP), acquired in October 2015, coupled with improved performance at OUE Bayfront and Lippo Plaza.

Excluding contribution from ORP, organic growth in net property income of the portfolio in 2Q16 came in at 15.9% on a y-o-y basis.

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