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TS0U OUEREIT

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  • 0.285
  • -0.005-1.72%
10min DelayMarket Closed Nov 15 17:06 CST
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    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 Transforms Underutilised Spaces at HSO
    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...
    OUE REIT Delivers Stable Operational Performance in 3Q 2024
    $OUEREIT (TS0U.SG)$
    OUE Real Estate Investment Trust (SGX:TS0U) trustee DBS Trustee and the trust's subsidiary OUE REIT Treasury have established a SG$2.0 billion euro medium-term bond program, according to a filing with the Singapore Exchange on Friday.
    DBS Bank and Oversea-Chinese Banking Corp. or OCBC (SGX:O39) have been appointed as the arrangers and dealers of the program.
    good news for stock price to go up?
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