OUE Hospitality Trust (OUE H-Trust)

OUE C-REIT and OUE H-Trust in merger to create diversified S-REIT with $6.8b in assets
SINGAPORE (Apr 8): OUE Commercial REIT (OUE C-REIT) and OUE Hospitality Trust (OUE H-Trust) is proposing a merger to create one of the largest diversified S-REITs with total assets of up to $6.8 billion. The proposed merger will be effected by way of a trust scheme of arrangement with OUE C-REIT acquiring all the issued and paid-up securities in OUE H-Trust in exchange for a combination of ...
OUE H-Trust posts 0.8% increase in 4Q DPS to 1.28 cents
SINGAPORE (Jan 29): The manager of OUE Hospitality Trust (OUE H-Trust) reported 4Q18 DPS tof 1.28 cents, 0.8% higher from 1.27 cents in 4Q17. This brings DPS for FY18 to 4.99 cents, 2.9% lower than 5.14 cents in FY17. Gross revenue for the quarter was 2.2% lower at $33.1 million from $33.8 million last year, as both the trust’s hospitality and retail segments posted a decrease of 2.6% and ...
Analysts see steady growth ahead for OUE Hospitality Trust amid market challenges
SINGAPORE (May 3): Analysts are staying the course on OUE Hospitality Trust (OUE H-Trust), on the back of strong revenue per available room (RevPAR) growth in its hospitality segment, and a potential recovery for its retail segment. OUE H-Trust reported a 1.9% increase in gross revenue to $32.7 million for the 1Q18 ended March, driven by higher master lease income from Mandarin Orchard ...
OUE Hospitality Trust posts 3% decline in 1Q DPS to 1.26 cents on absence of CPCA income support
SINGAPORE (May 2): The manager of OUE Hospitality Trust (OUE H-Trust) has announced distribution per stapled security (DPS) of 1.26 cents for the 1Q ended March, some 3% lower than DPS of 1.30 cents a year ago. This was mainly due to the absence of income support for Crowne Plaza Changi Airport (CPCA), which had been fully drawn down in 3Q2017. A stapled group comprising OUE Hospitality ...
OUE H-Trust still RHB's top pick amid 'unwarranted' concerns, selldown
SINGAPORE (Apr 4): RHB Research is keeping OUE Hospitality Trust as its top pick among hospitality REITs in spite of concerns over sponsor OUE’s proposed issuance of exchangeable bonds (EB), which has sparked a 7% fall in OUE H-Trust’s share price over the past month. OUE last month proposed to issue $150 million exchangeable bonds due 2023, which bear interest at 3% per annum. These will ...
OUE Hospitality Trust posts 6.6% drop in 4Q DPS to 1.27 cents on absence of income support, higher interest expense
SINGAPORE (Jan 30): The manager of OUE Hospitality Trust (OUE H-Trust) has announced distribution per stapled security (DPS) of 1.27 cents for the 4Q ended December, a decline of 6.6% from DPS of 1.36 cents a year ago. This bring DPS for the full year to a record 5.14 cents, 11.5% higher than DPS of 4.61 cents a year ago. The lower DPS in 4Q mainly due to the absence of income support for ...
OUE Hospitality Trust upgraded on receding supply headwinds and T4 opening
SINGAPORE (April 3): RHB is upgrading OUE Hospitality Trust to “buy” from “neutral” as it sees sector headwinds receding in 2H17 with catalysts emerging. Construction of Changi Airport’s Terminal 4 has been completed and is slated to open early 2H17. T4 would be able to handle 16 million passengers p.a. bringing total annual capacity to 85 million. One of the direct ...
Keeping the Crowne on OUE Hospitality Trust
SINGAPORE (Jan 26): OCBC Investment Research is keeping OUE Hospitality Trust at “buy” with a higher fair value estimate of 75 cents, from 73 cents previously, on the back of gains from Crowne Plaza Changi Airport (CPCA). This comes despite OUE H-Trust recording a 29.6% drop in FY16 DPU to 4.61 cents, mainly due to an enlarged unit base following the rights issue. OUE H-Trust’s FY16 ...
OUE Hospitality Trust declares 4Q DPS of 1.36 cents
SINGAPORE (Jan 25): The trustee-manager of OUE Hospitality Trust (OUE H-Trust) has declared a distribution per stapled security (DPS) of 1.36 cents for 4Q16 ended Dec. This is 20% lower than the same quarter a year ago. Revenue and net property income (NPI) of $33.2 million and $29.6 million respectively were 0.7% and 2.5% higher than a year ago. Hospitality revenue was 2.9% higher at $24.5 ...
A-REIT, OKP, SATS, FCL, Sino Grandness, OUE H-Trust
SINGAPORE (Aug 2): Here are some stocks that may move the market this Tuesday morning: Ascendas Real Estate Investment Trust (A-REIT), has declared a 1Q16 DPU of 3.996 cents, 4% higher from a year ago, boosted mainly by the Australia Portfolio and [email protected] City, which were acquired in the second half of FY15. In a separate filing, A-REIT’s manager is also proposing to sell 64 million new ...