OUE REIT

REITs

OUE REIT prices $250 mil of green notes due 2027

The notes will bear an interest rate of 4.1% per annum and interest on the notes will be payable semi-annually in arrear.

Broker's Calls

KGI starts OUE REIT at ‘outperform’ with TP of 30.9 cents

Analyst Alyssa Tee’s optimism comes from the group’s positive rental reversions and committed occupancy in Singapore.
OUE REIT makes first interest rate swap with carbon credits sourced from OCBC - THE EDGE SINGAPORE

Environmental, Social and Governance

OUE REIT makes first interest rate swap with carbon credits sourced from OCBC

The $75 million structured derivative transaction enables OUE REIT to hedge against interest rate risks.
CGS lowers OUE REIT’s TP due to lower payout ratio - THE EDGE SINGAPORE

Broker's Calls

CGS International lowers OUE REIT’s TP due to lower payout ratio

CGS analysts Lock Mun Yee and Natalie Ong have kept their "hold" call due to a lack of near-term catalysts.

Results

OUE REIT reports $60.5 mil 1QFY2024 net property income, up 6.9% y-o-y

The REIT's hospitality segment was able to capitalise on the strong concerts and MICE pipelines in the first quarter of 2024.
Syfe drops Starhill Global REIT from REIT+ portfolio, adds OUE REIT - THE EDGE SINGAPORE

REITs

Syfe drops Starhill Global REIT from REIT+ portfolio, adds OUE REIT

Excluding US dollar-denominated REITs like Manulife US REIT has helped REIT+ outperform the iEdge S-REIT Leaders index, says Syfe.
×