CNBC: OUE REIT CEO discusses earnings and business outlook

OUE REIT $OUEREIT (TS0U.SG)$ Delivered Continued Revenue and NPI Growth in 1H 2024

Revenue and net property income increased by 5.7% and 1.6% YoY to S$146.7 million and S$117.1 million, respectively, mainly driven by higher contribution from the hospitality segment, and the stable performance of Singapore commercial properties

Singapore office properties achieved positive rental reversions of 11.7% in the second quarter of 2024, with committed occupancies inching up to 95.2% as of 30 June 2024

Hospitality segment RevPAR increased by 15.8% YoY to S$269 in 1H 2024

Only 14.4% of total debt due in 2025

Aggregate leverage decreased to 38.7% with well-spread out debt maturity profileat 2.7 years

Check out our CEO's interview with CNBC to get more insights!

Link: OUE REIT CEO discusses earnings and business outlook