- OUE REIT reported 2H DPU of 1.13 cents, +8.7% y-o-y. Full year OUE REIT's DPU of S$2.06 cents, -1.4% y-o-y. Relatively stable operating income combined with the tweaking of distribution levers enabled DPU growth.
Higher 2H24 distributions.
- - Read this at SGinvestors.io -
- While borrowing costs rose, growth in distribution was enabled by taking half of the base management fee in units for the 4Q, removal of working capital retention and top up from divestment gains related to the divestment of a 50% stake in OUE Bayfront.
Healthy operating metrics.
- - Read this at SGinvestors.io -
- Hotel portfolio saw 3.4% y-o-y growth in RevPAR for 2H led by Crowne Plaza following asset enhancement. RevPAR for Hilton Singapore Orchard slipped 4.3% y-o-y. Guide is for low single-digit RevPAR growth.
Securing financial flexibility.
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Krishna Guha Maybank Research | https://www.maybanktrade.com.sg/ 2025-01-24
Previous report by Maybank:
2024-10-24 OUE REIT - Commercial Segment Offsets Weakness In Hotels.
Price targets by 2 other brokers at OUE REIT Target Prices.
Listing of research reports at OUE REIT Analyst Reports.
Relevant links:
OUE REIT Share Price History,
OUE REIT Announcements,
OUE REIT Dividend Payout Dates & Corporate Actions,
OUE REIT News
