OUE Commercial REIT (OUE C-REIT)

OUE Commercial REIT rebrands to OUE REIT - THE EDGE SINGAPORE

REITs

OUE Commercial REIT rebrands to OUE REIT

The new name better reflects the REIT’s current focus on growth opportunities in the hospitality, office and retail sectors.
OUE Commercial REIT ready to receive travellers with renovated Hilton Singapore Orchard, Changi Airport hotel: UOBKH - THE EDGE SINGAPORE

Broker's Calls

OUE Commercial REIT ready to receive travellers with renovated Hilton Singapore Orchard, Changi Airport hotel: UOBKH

The REIT completed enhancements for Hilton Singapore Orchard in January 2023 and Crowne Plaza Changi Airport this month.

Company in the news

OUE Group completes $22 mil asset enhancement at Crowne Plaza Changi Airport

The AEI saw the addition of a dozen guest rooms to a total of 575 rooms, a revamped all-day dining area and new MICE spaces.

Broker's Calls

DBS upgrades OUE Commercial REIT to ‘buy’ as hospitality sector recovers ahead of expectations

DBS's target price of 35 cents on the REIT implies a target yield of 6% and 0.6x P/NAV.
OUE C-REIT reports net property income of $62.7 mil in 3QFY2023, 28.9% higher y-o-y - THE EDGE SINGAPORE

Results

OUE C-REIT reports net property income of $62.7 mil in 3QFY2023, 29.8% higher y-o-y

The hospitality segment continued to be the REIT’s growth driver.

REITs Report 2023

OUE C-REIT’s prime Singapore portfolio delivers sustained growth

The prime core locations of OUE-REIT’s portfolio assets could see it benefit from both sectoral upswings and downturns.
OUE Group announces $22 million AEI at Crowne Plaza Changi Airport, slated to complete by year-end - THE EDGE SINGAPORE

REITs

OUE Group announces $22 million AEI at Crowne Plaza Changi Airport, slated to complete by year-end

Works include the addition of 12 guest rooms and repurposing a former restaurant space into a 352 sq m function room.

Broker's Calls

CGS-CIMB maintains 'hold' on OUE C-REIT and TP of 36 cents citing lack of near-term catalysts

The REIT’s DPU of 1.05 cents for 1HFY2023, down 2.8% y-o-y, was in line with 49.5% of the brokerage's full-year forecast.

Results

OUE C-REIT reports 1HFY2023 DPU of 1.05 cents, 2.8% lower y-o-y

Unitholders will receive their DPUs on Aug 25.
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