OUE Commercial Real Estate Investment Trust (OUE C-REIT)

OUE Commercial REIT joins FTSE EPRA Nareit Global Developed Index - THE EDGE SINGAPORE

REITs

OUE Commercial REIT joins FTSE EPRA Nareit Global Developed Index

The REIT’s inclusion takes effect from Sept 20.
Analysts mixed on OUE Commercial REIT's 1H21 performance and outlook - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on OUE Commercial REIT's 1H21 performance and outlook

DBS has a "buy" call for the REIT, while CGS-CIMB kept its rating at "hold".
OUE C-REIT subsidiary prices $150 mil five-year notes with 3.95% p.a. coupon - THE EDGE SINGAPORE

REITs

OUE C-REIT subsidiary prices $150 mil five-year notes with 3.95% p.a. coupon

The net proceeds will be used for refinancing existing borrowings and the REIT’s working capital requirements.
OUE C-REIT reports 2.7% higher distributable income of $37.1 mil in 1Q21 - THE EDGE SINGAPORE

Results

OUE C-REIT reports 2.7% higher distributable income of $37.1 mil in 1Q21

The REIT reported 1.6% lower NPI of $61.1 million mainly due to the provision of rental rebates to selected tenants.
OUE C-REIT to divest 50% interest in OUE Bayfront property for $1.27 bil - THE EDGE SINGAPORE

REITs

OUE C-REIT to divest 50% interest in OUE Bayfront property for $1.27 bil

The agreed value of the property represents a 26.1% premium over the purchase consideration of $1.01 billion.

REITs

Enlarged, diversified portfolio increases OUE Commercial REIT's relevance and visibility

The stability of OUE C-REIT’s income has been underpinned by a diversified portfolio and relatively stable operating performance in the office segment, which recorded positive rental reversions in 2019 and for 1H2020.

Property

OUE sells US Bank Tower for US$430 million

OUE will book a drop in EPS of 35 cents from the sale
OUE to sell Downtown serviced apartments and business for combined $289 mil

Property

OUE to sell Downtown serviced apartments and business for combined $289 mil

SINGAPORE (Sept 19): Real estate group OUE has entered into sale and purchase agreements to sell OUE Downtown Serviced Apartments and its direct wholly-owned subsidiary, OUE Downtown, for a total of $289 million.

Results

OUE C-REIT sees 1H income for distribution jump 43% to $48.6 mil even as DPU drops 23% to 1.68 cents on enlarged base

SINGAPORE (Aug 7): The manager of OUE Commercial Real Estate Investment Trust (OUE C-REIT) has announced distribution per unit (DPU) of 1.68 cents for the 1H19 ended June, some 22.9% lower than DPU of 2.18 cents a year ago.
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