OUE REIT DPU jumps 8.3% in FY 2025 as finance costs retreat
Payout climbs to 2.23 cents despite a 6.2% slide in net property income.
OUE Real Estate Investment Trust (OUE REIT) has raised its full-year distribution per unit (DPU) to 2.23 cents for the full year of 2025 (FY 2025), up 8.3% from the previous year.
For the second half of 2025 (H2 2025), OUE REIT’s DPU climbed 10.6% year-on-year (YoY) to 1.25 cents, according to the company’s press release.
Finance costs fell 18% YoY in the second half and 17.6% for the full year.
Net property income (NPI) for FY 2025 declined 6.2% to $219.6m. On a like-for-like basis, NPI increased 1.6% from a year earlier.
For H2 2025, NPI dipped 2.3% year-on-year to $114.2m, mainly due to the absence of income from Lippo Plaza Shanghai, which was divested in December 2024.
Revenue declined 4.2% to $142.5m in H2 2025 and fell 7.4% to $273.6m in FY 2025.