CGS-CIMB Research is keeping its “hold” recommendation on OUE Commercial REIT (OUE C-REIT) with an unchanged target price of 48.2 cents, as there is limited scope for outperformance in the near term with the continued challenging hospitality earnings outlook. This came following the REIT posting...

The manager of OUE Commercial REIT (OUE C-REIT) says that its 1H20 DPU has fallen by 40.5% to 1.0 cent from 1.68 cents in 1H19. However, the REIT’s amount distributable to unitholders saw a 12.1% increase to $54.5 million from $48.6 million a year ago. The reason for the lower DPU despite the high...

SINGAPORE (May 5): The manager of OUE Commercial REIT (OUE C-REIT) has declared a distributable income of $37.6 million for 1Q2020 ended March, a 44.5% increase y-o-y from last year’s $26.0 million. The REIT did not report a DPU for this quarter, as they will be distributing the DPU to unitholder...

The amount available for distribution by OUE Commercial Real Estate Investment Trust (C-Reit) rose 44.5 per cent year on year to S$37.63 million for the first quarter ended March 31, 2020, on the back of contributions from Mandarin Gallery, Mandarin Orchard Singapore and Crowne Plaza Changi...

SINGAPORE (Feb 4): OUE Commercial REIT (OUECT) could well have started to reap profits from its merger with OUE Hospitality Trust (OUEHT).  Following the merger, OUECT has become one of the largest diversified REITs with total assets of some $6.8 billion and seven properties across the commercial ...

SINGAPORE (Jan 23): Adrian Chui, CEO of ESR-REIT’s manager may have started a trend. In 2018, ESR-REIT merged with Viva Industrial Trust in a share and cash offer. VIT unitholders were paid 96 cents per unit of which 90% was with ESR-REIT units, and 10% in cash. In 2019, two mergers were complete...

SINGAPORE (Dec 16): This year, a total of 19 listed companies are undergoing privatisation, and being merged or acquired – more than the eight last year and the 14 in 2017. As it is, close to $20 billion worth of mergers and acquisition (M&A) deals involving the four major developers in Sin...

SINGAPORE (Dec 9): Singapore’s real estate investment trusts (S-REITs) continue to excite market watchers, amid a flurry of mergers and acquisitions this year. In the largest deal, CapitaLand in January announced it is forking out $6 billion to acquire Temasek Holdings' subsidiary Ascendas-Singbr...

SINGAPORE (Nov 19): OUE Commercial Trust (OUECT) seems poised to thrive on its recent merger with OUE Hospitality Trust (OUEHT), which appears to have ticked all the boxes for the REIT.  OUECT’s latest set of financial results for 3Q19 ended September saw it register increases across several key...

OUE Limited's third-quarter net profit surged to S$124.1 million, almost 60 times that of the S$2.1 million net profit for the year-ago period due to higher earnings before interest and taxes (Ebit) and a one-off non-cash gain of S$90.9 million arising from the merger of OUE Commercial ...