OUE REIT

Broker's Calls

Phillip Securities ‘overweight’ on S-REITs; expects three rate cuts next year, not five

S-REITs will take time to benefit from interest rate cuts given the high percentage of fixed-rate loans, says Phillip Securities, while naming three top picks.

Company in the news

OUE REIT issues $120 mil of green notes due 2031

The notes will bear an interest rate of 3.9% per annum and interest on the notes will be payable semi-annually in arrear.

Broker's Calls

OCBC initiates coverage on OUE REIT with ‘buy’ call and TP of 34 cents

OUE REIT has total AUM of $6.3 billion, with six properties in Singapore and one in Shanghai.

Broker's Calls

Analysts mixed on OUE REIT following stable performance in 3QFY2024

Analysts from Maybank, PhillipCapital and CGS International have maintained their “buy” and “hold” calls.

Results

OUE REIT reports $74.8 mil 3QFY2024 revenue, 1.3% lower y-o-y

This came on the back of lower contribution from the REIT’s hospitality segment, which saw a decline in its revenue and net property income.
OUE REIT issues first seven-year green notes of $180 million due 2013 at 3.90%  - THE EDGE SINGAPORE

REITs

OUE REIT issues first seven-year green notes of $180 million due 2031 at 3.90%

The manager says that under an initial price guidance of 4.15%, the offer has secured a “peak” orderbook of $320 million.
Syfe drops OUE REIT from REIT+ portfolio, adds Starhill Global REIT - THE EDGE SINGAPORE

REITs

Syfe drops OUE REIT from REIT+ portfolio, adds Starhill Global REIT

Mapletree Pan Asia Commercial Trust (10.08%) is now the largest constituent in the portfolio, followed by Mapletree Logistics Trust (10.05%) and CapitaLand Integrated Commercial Trust (10.04%).

REITs

OUE REIT prices $180 mil of green notes due 2031

The notes will bear an interest rate of 3.9% per annum and interest on the notes will be payable semi-annually in arrear.
OUE REIT ready for growth after emerging stronger from rate hike cycle - THE EDGE SINGAPORE

REITs Report 2024

OUE REIT ready for growth after emerging stronger from rate hike cycle

OUE REIT is in the plum position of owning nearly all Singapore-based assets, with just a single building in Shanghai.
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