OUE C-REIT
OUE C-REIT is a real estate investment trust (“REIT”) listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) since 27 January 2014. It invests in real estate used primarily for commercial purposes (including real estate used primarily for office and/or retail purposes) in financial and business hubs, and/or hospitality and/or hospitality-related purposes, as well as real estate-related assets.
See below for the Latest OUE C-REIT News, Analysis, Profit Results, Share Price Information, and Commentary.
Singapore properties boost OUE Commercial REIT’s NPI by 6.9% YoY
Singapore properties boost OUE Commercial REIT’s NPI by 6.9% YoY
These properties include Hilton Singapore Orchard.
OUE REIT’s net property income up 15.9% to $119.7m in H2 2023
Hilton Singapore Orchard’s full reopening helped drive OUE REIT’s profits in 2023.
Cindy Teo is Prime US Reit’s new CFO
She previously had top posts in LOGOS and OUE Hospitality Reit.
OUE Group kickstarts enhancement of Crowne Plaza Changi Airport
Enhancement activities for the property will cost $22m.
OUE C-REIT’s distributable income drops 3.3% YoY to $57.6m in 1H23
This translates to a 2.8% YoY lower distribution per unit.
OUE C-REIT subsidiary clinches S$430m green loan for refinancing
The proportion of green loans to the REIT’s total borrowings increased to 69.6%.
OUE C-REIT says they are not involved in independent director’s litigation
The board is retaining Tan Huay Lim as independent director.
OUE Commercial REIT’s NPI up 18% YoY in Q1
Its revenue also grew due to Hilton Singapore Orchard's contributions.
OUE C-REIT posts 4.4% YoY higher income of $48.3m in Q3
The increase was mainly due to lower property expenses.
OUE C-REIT to refinance debt using $978m sustainability-linked loan
It was financed by mandated lead arrangers and bookrunners.
OUE Commercial REIT’s net property income down by 21.5% in Q1
This is due to the OUE Bayfront’s performance.
OUE C-REIT prices $100m 4.20% notes due 2027
The notes are expected to be issued on 5 May 2022.
What to expect from newly opened Hilton’s largest hotel in APAC
The Hilton Singapore Orchard has 1,080 rooms and suites and enhanced facilities.
OUE C-REIT NPI falls 20.3% YoY for H2 2021
The divestment of 50% of OUE Bayfront highly affected the result.
OUE C-REIT net property income down 17.1% YoY in Q3
Meanwhile, its amount for distribution also decreased by 7.5%.
OUE C-REIT acquires first sustainability-linked loan at $540m
The loan targets to improve Singapore's and Shanghai's energy, water efficiency.
Moody's assigns definite Ba1 rating to OUE Commercial REIT
Rating outlook is stable.
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