We are pleased to share that OUE REIT, through its wholly owned subsidiary, has entered into an agreement with an unrelated third party on 20 Dec 2024 to divest the entire equity stake interest of Lippo Realty (Shanghai) Limited which owns 91.2% share of strata ownership of Lippo Plaza in Shanghai for a sale consideration of RMB 1,917.0 million (approximately S$357.4 million) and an agreed property value of RMB 1,680.0 ...

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...

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...

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...

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...