OUE HTrust   

OUE Hospitality Trust IPO Listing

1Q15 results missed, with DPU down 4.2% to 1.61¢ . Gross revenue came in at $29.3m (+2.1%) with NPI of $25.7m (+0.3%), as the quarter saw maiden contributions from Crowne Plaza Changi Airport which was acquired on 30 Jan &rsquo 15. This was however offset by weaker operating performance of Mandarin Orchard Singapore (MOS), largely as a result of the absence of the biennial Singapore Airshow in Feb this year and the weaker tourism sentiment which impacted the hospitality demand in 1Q15. Leverage ratio stood at 42.1% with average debt of cost a 2.5% and tenor of 3.2 years. NAV/unit of $0.90.

 

Nav $0.91

 

Nice counter to hold over short to mid term. $ to collect this Q :))

teeth53      ( Date: 25-Jul-2013 18:45) Posted: Got vested w/o paying commission. Oni paid $2/-. New123      ( Date: 25-Jul-2013 14:25) Posted: more than 7% yield is quite gd! What is the NAV? think can consider to buy at 88 cents.

 

Congrats to those who bot at IPO $0.88 cos returns will be 10% pa after crowne hotel is milkable. Congrats to me cos I'm one of those :)). Even at price of $0.97, the return is 7%! Vested and will continue vesting!

 

1Q2015, DPS 1.61cents.

 

Opening-0.980 Closed@$0.990 +0.010c +1.0% on volume of 2,357,800 mil shr traded.:))

 

[email protected] cents :))

 

:) 0.975 cents

teeth53      ( Date: 31-Jan-2015 11:48) Posted: Target for Securities Houses and Brokers - Flavourable (Buy) DBS Vickers SGD$1.02. --- CIMB SGD $1.00 and --- OSK-DMG SGD$0.97 cents

 

For infomation only.

The master leases for both hotels each have remaining tenors of more than 10 years with options for renewal.

Mandarin Gallery Retail mall boasting 152 meters wide frontage along Orcahrd road, it typical lease terms range from two to five years.

hmphie      ( Date: 04-Nov-2014 08:45) Posted: I believe OUEHT has income support from parent. Not sure when it is expiring though. teeth53      ( Date: 04-Nov-2014 08:33) Posted: OUE Hospitality Trust posts distributable income of $21.7m, distribution per stapled security (DPS) of 1.64c, 2.5% more than expected which is 2.7% higher than forecast. Payout can be expected on Dec 3. OUEHT closed 0.5c higher to 91.5c yesterday.

 

http://www.oueht.com/

The acquisition of Crowne Plaza Changi Airport (CPCA) and it extension (CPEX), (320 rm Hotel)  is completed on 30-Jan-2015, added value of  SGD$290 million or added 14%  to it portfolio,  the other two is Mandarin Gallery and Mandarin Orchard. It total portfolio value  has had  increased to approximately to SGD$2.05 billion. When CPEx in completed, it will add another value to approximately SGD$2.25 billion.

CPAC n CPEx will improves OUE H-Trust' s protfolio asset diversification, two hotels in two  strategic location. CPCA n CPEx is well-position to tap on Changi Airport T4 and  on Project Jewel, (a new retail and new life-style complex).

Since it listing, OUE H-Trust has had a DPU distribution yield of 7.66% based on it IPO price of $0.880 cents and based on last traded price, 31 December 2014 of SGD$0.905 cents is 7.45%  distribution rate.

 

 

 

Others related REIT' s news - Investment in REITs is up to 3% to 13% while...Investment in property is down 1% from 15%.

Manulife survey finds many here will keep faith with in volatiles times.

 

Target for Securities Houses and Brokers - Flavourable (Buy)

DBS Vickers SGD$1.02. --- CIMB SGD $1.00 and --- OSK-DMG SGD$0.97 cents

 

Jan 29 -  CIMB Research is maintaining its " add" on OUE Hospitality Trust with a target price of $1.00.

In a Jan 28 note: Research house says this should be an " exciting" year for OUE H-Trust given the more favourable outlook for Singapore' s tourism industry for 2015.

OUE-HT delivered $23.6 million in distributable income and DPU of 1.78 cents, beating forecasts made during its IPO by 1.3% and 1.1% respectively.

 

Expectation and Completion acquisition  of end of this month on Crown Plaza Changi Airport -

In line. Growth in DPU was largely attributed to increased contribution and continue to like for its exposure to a recovery in the Singapore hospitality market.

 

OUE H-Trust Q4 DPU up 6.6% - THE BUSINESS TIMES.

OUE Hospitality Trust's (OUE H-Trust) 4th-quarter distributable income rose 7.5% on the back of better per-unit revenues in its hotel and mall assets.

Income available for distribution rose to S$23.6 mil in the quarter ended Dec 31
OUE H-Trust's Q4 distributable income up 7.5%.

 

EGM on 13 Jan 2015 at 2.30pm at Mandarin Orchard Singapore, Mandarin Ballroom I, 6th Floor, Main Tower, 333 Orchard Road, Singapore 238867

hotelgrand      ( Date: 02-Dec-2014 14:00) Posted: Hve been holding since i bought at ipo..where is the AGM anyone can advise?

 

Hve been holding since i bought at ipo..where is the AGM anyone can advise?

 

I believe OUEHT has income support from parent. Not sure when it is expiring though.

teeth53      ( Date: 04-Nov-2014 08:33) Posted: OUE Hospitality Trust posts distributable income of $21.7m, distribution per stapled security (DPS) of 1.64c, 2.5% more than expected which is 2.7% higher than forecast. Payout can be expected on Dec 3. OUEHT closed 0.5c higher to 91.5c yesterday.

 

OUE Hospitality Trust posts distributable income of $21.7m, distribution per stapled security (DPS) of 1.64c, 2.5% more than expected which is 2.7% higher than forecast. Payout can be expected on Dec 3. OUEHT closed 0.5c higher to 91.5c yesterday.

 

Earning report on 3 November 2014. Hopefully it is a good quarter. 

ash902      ( Date: 19-Sep-2014 18:18) Posted: about time. Still attractive at current prices