OUE REIT

CGS lowers OUE REIT’s TP due to lower payout ratio - THE EDGE SINGAPORE

Broker's Calls

CGS International lowers OUE REIT’s TP due to lower payout ratio

CGS analysts Lock Mun Yee and Natalie Ong have kept their "hold" call due to a lack of near-term catalysts.

Results

OUE REIT reports $60.5 mil 1QFY2024 net property income, up 6.9% y-o-y

The REIT's hospitality segment was able to capitalise on the strong concerts and MICE pipelines in the first quarter of 2024.
Syfe drops Starhill Global REIT from REIT+ portfolio, adds OUE REIT - THE EDGE SINGAPORE

REITs

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

Excluding US dollar-denominated REITs like Manulife US REIT has helped REIT+ outperform the iEdge S-REIT Leaders index, says Syfe.

Bonds and treasuries

Spotlight on travel and hospitality credit issuers as industry bounces back

Well-located, high-quality hospitality assets in key gateway cities have become attractive to investors shifting away from office

Broker's Calls

DBS keeps OUE REIT at 'buy', mulls asset recycling before new acquisitions

OUE REIT now trades at close to an 8% FY2025 yield, 0.5x P/NAV
OUE REIT maintains 2HFY2023 DPU at 1.04 cents - THE EDGE SINGAPORE

Results

OUE REIT maintains 2HFY2023 DPU at 1.04 cents

Full year DPU hit 2.09 cents, versus 2.12 cents paid for FY2022
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.
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