OUE REIT's distribution per unit climbs 5.4% YoY in H1

The growth reflects the resilience of its diversified Singapore portfolio.

OUE Real Estate Investment Trust reported that its distribution per unit (DPU) increased by 5.4% YoY to 0.98 Singapore cents for the first half of 2025.

Excluding the capital distribution, core DPU also increased by 11.4% YoY.

This gain reflects effective capital management and the resilient performance of its Singapore commercial portfolio, it said in a report on 23 July.

OUE REIT reported that its Singapore office properties’ committed occupancy remained healthy at 95.5% with positive rental reversion of 9.1% achieved in Q2 2025. Mandarin Gallery occupancy also remained high at 99.0% with positive rental reversion of 34.3% recorded in the same period.

In its report, it said that revenue and net property income (NPI) for H1 2025 were $131.1m and $105.3m, representing YoY declines of 10.6% and 10.1% respectively, mainly due to the absence of revenue contributions from Lippo Plaza Shanghai, which was divested in December 2024.

On a like-for-like basis, revenue and NPI slightly decreased by 2.7% and 2.0% YoY, respectively, with the Singapore commercial portfolio performance partially offsetting lower contributions from the hospitality segment.

Share of joint venture results increased by 41.0% YoY to $6.3m for H1 2025.

Unitholders can expect the distribution payment for H1 2025 on 3 September, after the books are closed on 31 July.

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