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OUE Comm-REIT is taking off, Hurry !
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Delvyss
Elite |
24-Jan-2025 16:57
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Corporate insights well presented.
With better dividend, let's look forward.
Even at 40, it's PB ratio still pretty decent.
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Delvyss
Elite |
24-Jan-2025 10:48
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OUE Reit' s H2 DPU increases 8.7% to S$0.0113The amount to be distributed to unitholders increases 8% on year to S$62.4 millionhttps://www.businesstimes.com.sg/companies-markets/oue-reits-h2-dpu-increases-8-7-s0-0113 OUE REIT Announces 1.13 Cents Distribution Per Unit for H2 2024 - Key Dates and Tax Informationhttps://www.minichart.com.sg/2025/01/23/oue-reit-announces-1-13-cents-distribution-per-unit-for-h2-2024-key-dates-and-tax-information-2/
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Joelton
Supreme |
24-Jan-2025 10:48
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OUE Reit&rsquo s H2 DPU increases 8.7% to S$0.0113
The amount to be distributed to unitholders increases 8% on year to S$62.4 million
THE distribution per unit (DPU) for OUE Real Estate Investment Trust (Reit) rose 8.7 per cent to S$0.0113 for the second half of its financial year ended Dec 31, 2024, from S$0.0104 in the year-ago period, its manager said in a bourse filing on Thursday (Jan 23).
This came as revenue increased 1.7 per cent on the year to S$148.8 million, from S$146.3 million in the corresponding period in the prior year.
The growth was mainly due to the stable operational performance of the Reit&rsquo s Singapore office portfolio, as well as the successful asset enhancement of Crowne Plaza Changi Airport, which was completed in December 2023, its manager pointed out.
On the other hand, net property income (NPI) for the half year slipped 2.3 per cent to S$116.9 million, from S$119.7 million in H2 FY2023.
This was attributed to the upward revision of prior years&rsquo property tax for Hilton Singapore Orchard and Crowne Plaza Changi Airport.
Adjusting for this revision, NPI would have recorded a year-on-year (yoy) increase of 0.3 per cent in H2 FY2024, it noted.
The Reit manager added that the share of joint venture results from OUE Bayfront, which also contributes to NPI, doubled in the six-month period to S$26 million, mainly due to fair value gains.
The amount available for distribution for H2 2024 grew 3.7 per cent on the year to S$59.9 million. This was achieved despite its higher finance cost, which was offset by the payment of 50 per cent base management fee in units in Q4 FY2024 and the removal of working capital retention, the manager noted.
Including the release of the remaining S$2.5 million capital distribution from the 50 per cent divestment of OUE Bayfront, the amount to be distributed to unitholders was S$62.4 million, marking an 8 per cent yoy increase from S$57.7 million.
The distribution for the period, comprising taxable income distribution, tax-exempt income distribution and capital distribution, will be paid on Mar 5, 2025, after books closure on Feb 4.
For the full year, the manager of the trust announced a DPU of S$0.0206, down 1.4 per cent from S$0.0209 in the year-ago period.
The amount to be distributed was S$113.7 million, a decrease of 1.4 per cent from S$115.3 million in FY2023.
Revenue expanded 3.7 per cent to S$295.5 million, from S$285.1 million a year ago, while NPI slipped a marginal 0.4 per cent to S$234 million, from S$235 million.
Its net asset value per unit stood at S$0.58 as at Dec 31, 2024.
OUE Reit comprises a commercial segment as well as a hospitality segment.
Committed occupancy of the Reit&rsquo s Singapore office properties remained healthy at 94.6 per cent as at end-December 2024, with full-year positive rent reversion of 10.7 per cent.
Said the manager: &ldquo Occupier sentiment is expected to remain weak due to global economic uncertainties, high fit-out costs and elevated interest rates.&rdquo
It added: &ldquo However, below-historical-average office supply in the Core Central Business District (Grade A) over the next four years, combined with anticipated interest rate cuts, is likely to bolster corporate confidence in expansion in 2025.&rdquo
Citing CBRE forecasts, it noted that rents in the area will grow by 2 per cent for the full year in 2025, against 2024&rsquo s modest 0.4 per cent growth, &ldquo supported by the ongoing flight-to-quality trend&rdquo .
As for its hospitality segment, the manager highlighted that tourism recovery is expected to continue, though the outlook for FY2025 remains cautious amid more affordable regional competitors, and the absence of high-profile concerts and meetings, incentives, conferences and exhibitions events.
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cobrajr
Veteran |
24-Jan-2025 10:05
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How much is the dividend, this time. Thank you kindly | ||||
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Delvyss
Elite |
24-Jan-2025 09:53
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https://www.investing.com/equities/oue-commercial-reit-technical | ||||
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Delvyss
Elite |
24-Jan-2025 09:19
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Looking forward to their " Opportunities & Growth Strategies" Favourable risk-reward ratio. https://www.theedgesingapore.com/capital/investing-ideas/beansprouts-wong-sees-favourable-risk-reward-ratio-reits-singles-out-oue |
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Delvyss
Elite |
24-Jan-2025 09:08
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Do attend their corporate insights | ||||
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HB8289
Master |
24-Jan-2025 08:56
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Hope today break 32Cts | ||||
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seanpent
Supreme |
16-Jan-2025 09:03
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40 ? | ||||
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seanpent
Supreme |
16-Jan-2025 09:01
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Very conducive for a nice recovery | ||||
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Delvyss
Elite |
13-Jan-2025 16:56
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Beansprout' s Wong sees favourable risk-reward ratio for REITs, singles out OUE REIT, Elite UK REIT and AIMS APAC REIThttps://www.theedgesingapore.com/capital/investing-ideas/beansprouts-wong-sees-favourable-risk-reward-ratio-reits-singles-out-oue |
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seanpent
Supreme |
06-Jan-2025 11:02
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Now probably cheaper than Frasers Hospitality Trust ? | ||||
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seanpent
Supreme |
03-Jan-2025 09:04
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Yeah. Sentiments for Reits reversed. Add.
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eddyeddy
Master |
03-Jan-2025 08:30
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They will buy something from Lipo Indonesia to help their patent company. Buy and sell the Sponsor make monies but not the retail investors
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Delvyss
Elite |
03-Jan-2025 07:46
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Mentioned in article: " The proceeds will provide the manager with financial flexibility to pare down debt, undertake accretive acquisitions of higher-yielding assets or asset enhancement initiatives, redeem outstanding convertible perpetual preferred units, commence a buyback programme, and distribute them to unitholders, the filing said."
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seanpent
Supreme |
02-Jan-2025 21:46
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Quite a divestment. Great.
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Delvyss
Elite |
02-Jan-2025 09:57
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NAV (SGD) b 0.6004 Price / NAV b 0.4747 https://investor.ouereit.com/stock_fundamentals.html |
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Delvyss
Elite |
02-Jan-2025 08:43
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OUE Reit divests entire stake in Shanghai office property for 1.9 billion yuanIt is expected to reap net proceeds of about S$318.2 million from the transactionhttps://www.businesstimes.com.sg/companies-markets/oue-reit-divests-entire-stake-shanghai-office-property-1-9-billion-yuan |
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Delvyss
Elite |
30-Dec-2024 10:23
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An undervalued stock in need of corporate action to spice it up. Will there be one in the near future? | ||||
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Delvyss
Elite |
30-Dec-2024 09:32
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Projected FCF: $0.73 https://www.gurufocus.com/term/intrinsic-value-projected-fcf/SGX:TS0U |
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