We are pleased to share that OCBC Investment Research has recently initiated coverage on OUE REIT with a 'BUY' call and a fair value (FV) estimate of S$0.340, citing attractive 12-month forward distribution yield of 6.9%.
Key points:
![]()
High-quality assets with a balanced sector mix underpins OUE REIT's ability to enhance income resilience through changing market dynamics
- Despite moderated growth in the commercial and hospitality segment, i...
Key points:
- Despite moderated growth in the commercial and hospitality segment, i...
2
Located in the vibrant Orchard Road shopping belt and close to major medical hubs, Hilton Singapore Orchard ("HSO") has long been a key beneficiary of both leisure and medical tourism. However, revenue contributions can be variable due to seasonal factors, particularly when the hotel lacks support from #MICE (Meetings, Incentives, Conventions, and Exhibitions) and corporate travellers.
Recognising this, OUE REIT took the opportunity during the asset...
Recognising this, OUE REIT took the opportunity during the asset...
1
OUE REIT is pleased to announce stable operational performance for the financial period of 1 July 2024 to 30 September 2024 ("3Q 2024"). Revenue and net property income ("NPI") reached S$74.8 million and S$60.3 million, respectively.
Resilient Operating Metrics:
![]()
Singapore office portfolio recorded positive rental reversion of 10.8% while committed occupancy remained high at 95.4% in 3Q 2024
![]()
Hospitality segment’s revenue per available...
Resilient Operating Metrics:
4
OUE REIT will be releasing our3Q 2024 business updatestomorrow after trading hour.
Interested in insights fromour CEO, Mr Han Khim Siew and CFO, Mr Lionel Chua on our latest performance and market outlook?Join us at the SIAS Corporate Connect webinar next Tuesday (29 Oct) at 7pm.
Register here: https://portal.sias.org.sg/Event/EventDetails?Id=d54c0418-5081-ef11-ac20-000d3aa04b65&EventName=Corporate_Connect_featuring_OUE_REIT
$OUEREIT (TS0U.SG)$ @sgsiasorg
Interested in insights fromour CEO, Mr Han Khim Siew and CFO, Mr Lionel Chua on our latest performance and market outlook?Join us at the SIAS Corporate Connect webinar next Tuesday (29 Oct) at 7pm.
Register here: https://portal.sias.org.sg/Event/EventDetails?Id=d54c0418-5081-ef11-ac20-000d3aa04b65&EventName=Corporate_Connect_featuring_OUE_REIT
$OUEREIT (TS0U.SG)$ @sgsiasorg
2
We are pleased to share that our wholly-owned subsidiary, OUE REIT Treasury Pte. Ltd. has successfully issued its maiden 7-year green notes (the “Notes”) of S$180 million at a 3.90% fixed rate due 2031. The Notes have been rated “BBB-" by S&P Global Ratings.
Key Highlights:
![]()
Achieved peak orderbook of S$320 million at initial price guidance of 4.15%
![]()
Offer subsequently upsized from initial target size of S$100 milli...
Key Highlights:
2
1
Formula 1 Singapore Grand Prix is just around the corner and as always, there's plenty for OUE REIT to look forward to!
With the influx of tourists and MICE travellers during the Grand Prix season, our two hotels, Hilton Singapore Orchard and Crowne Plaza Changi Airport, are well-positioned to benefit. Moreover, the event's ripple effects also extend to our retail sector, generating increased activities and footfall across our portfolio.
In anticipat...
With the influx of tourists and MICE travellers during the Grand Prix season, our two hotels, Hilton Singapore Orchard and Crowne Plaza Changi Airport, are well-positioned to benefit. Moreover, the event's ripple effects also extend to our retail sector, generating increased activities and footfall across our portfolio.
In anticipat...
1
We have a barbell strategy, with revenue almost evenly split between office (50.2%) and hospitality and retail (49.8%), providing income resilience and attractive returns.
But there’s more to our approach. Our gamma strategy is designed to thrive across market cycles, leveraging volatility to our advantage. Combined with strategically located core assets, we’re positioned defensively and ready to capitalise on ...
But there’s more to our approach. Our gamma strategy is designed to thrive across market cycles, leveraging volatility to our advantage. Combined with strategically located core assets, we’re positioned defensively and ready to capitalise on ...
2
What a great turnout of more than 140 attendees at The Edge Singapore's REITs Investment Forum last week!
Mr Geoff Howie kick-started the forum by sharing encouraging statistics on S-REITs' outlook and performance. In particular, in 2H 2024 (to 16 Aug), institutions have reversed 6% of the S$1 billion of net outflow in 1H 2024, with OUE REIT seeing one of the biggest partial reversals.
Similarly, Ms Nupur Joshi, CFA also expressed her optim...
Mr Geoff Howie kick-started the forum by sharing encouraging statistics on S-REITs' outlook and performance. In particular, in 2H 2024 (to 16 Aug), institutions have reversed 6% of the S$1 billion of net outflow in 1H 2024, with OUE REIT seeing one of the biggest partial reversals.
Similarly, Ms Nupur Joshi, CFA also expressed her optim...
2
We are pleased to share that DBS Bank, 凯基证券 KGI SECURITIES, Maybank, and Phillip Capital have expressed their confidence in OUE REIT by maintaining a 'BUY' call following our 1H 2024 results announcement. Meanwhile, CGS International Securities Singapore also maintained their 'Hold' call with an unchanged target price.
Post-results, Beansprout initiated coverage on OUE REIT, citing the underrated growth potential, with DPU expected to rebound in FY 2025.
Key analysts takeaways:
![]()
OUE REIT's unde...
Post-results, Beansprout initiated coverage on OUE REIT, citing the underrated growth potential, with DPU expected to rebound in FY 2025.
Key analysts takeaways:
4
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 c...
4
![[empty]](https://static.moomoo.com/node_futunn_nnq/assets/images/folder.5c37692712.png)
![[error]](https://static.moomoo.com/node_futunn_nnq/assets/images/no-network.991ae8055c.png)
![[loading]](data:image/svg+xml;base64,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)