OUE REIT 1H 2025 DPU Rose 5.4% YoY to 0.98 cents

OUE REIT is pleased to announce that the DPU for 1H 2025 rose by 5.4% YoY to 0.98 Singapore cents, reflecting the REIT manager’s effective capital management and the resilience of the REIT’s diversified Singapore portfolio.

[强] 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐚𝐦𝐢𝐝 𝐡𝐞𝐢𝐠𝐡𝐭𝐞𝐧𝐞𝐝 𝐦𝐚𝐜𝐫𝐨𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐢𝐞𝐬:

• 1H 2025 Core DPU (excluding the capital distribution released in 1H 2024) increased by 11.4% YoY on a like-for-like basis

• 1H 2025 revenue and NPI slightly decreased by 2.7% and 2.0% YoY respectively on a like-for-like basis, underpinned by resilient Singapore commercial portfolio performance partially offsetting lower hospitality contributions

[强] 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞-𝐟𝐨𝐜𝐮𝐬𝐞𝐝 𝐚𝐧𝐝 𝐰𝐞𝐥𝐥-𝐛𝐚𝐥𝐚𝐧𝐜𝐞𝐝 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐬 𝐬𝐭𝐚𝐛𝐥𝐞 𝐫𝐞𝐭𝐮𝐫𝐧𝐬:

• Singapore office portfolio recorded strong rental reversion of 9.1% in 1H 2025 while average passing rent grew by 0.8% QoQ

• Mandarin Gallery’s committed occupancy remained high at 99.0% and recorded positive rental reversion of 34.3% in 2Q 2025

• Hospitality 1H 2025 RevPAR stood at S$233. Crowne Plaza Changi Airport’s RevPAR rose by 4.6% YoY to S$239

[强] 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐛𝐚𝐥𝐚𝐧𝐜𝐞 𝐬𝐡𝐞𝐞𝐭 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭:

• Finance costs declined significantly by 17.3% YoY, underpinned by active capital management amid a declining interest rate environment

• Well-spread debt maturity profile with no debt due in 2025

• Diversified funding source with 64.5% from bank loans and 35.5% from Medium Term Notes

Press Release: https://lnkd.in/g9zNQ5YH

Presentation: https://lnkd.in/gESzhP2U

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