OUE REIT

Broker's Calls

Analysts remain mixed on OUE REIT following release of 1HFY2024 results

DBS, Maybank and PhillipCapital have lowered their DPU estimates; CGSI has kept its estimates intact.
OUE REIT’s 1HFY2024 DPU falls by 11.4% y-o-y to 0.93 cents on higher finance costs - THE EDGE SINGAPORE

Results

OUE REIT’s 1HFY2024 DPU falls by 11.4% y-o-y to 0.93 cents on higher finance costs

Unitholders will receive their DPUs on Sept 4.

Broker's Calls

Maybank initiates ‘buy’ on OUE REIT, calling REIT ‘too cheap to ignore’

Analyst Krishna Guha has initiated a target price of 30 cents and forecasted a DPU of 2 cents for FY2024.

Broker's Calls

PhillipCapital starts this ‘50% discounted investment-grade REIT’ at ‘buy’ with 27% TP upside

PhillipCapital expects DPU of 2.0 cents for FY2024 and 2.9 cents for FY2025, translating into yields of 7.8% and 11.4%.

REITs

OUE REIT prices $250 mil of green notes due 2027

The notes will bear an interest rate of 4.1% per annum and interest on the notes will be payable semi-annually in arrear.

Broker's Calls

KGI starts OUE REIT at ‘outperform’ with TP of 30.9 cents

Analyst Alyssa Tee’s optimism comes from the group’s positive rental reversions and committed occupancy in Singapore.
OUE REIT makes first interest rate swap with carbon credits sourced from OCBC - THE EDGE SINGAPORE

Environmental, Social and Governance

OUE REIT makes first interest rate swap with carbon credits sourced from OCBC

The $75 million structured derivative transaction enables OUE REIT to hedge against interest rate risks.
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