OUE COMMERCIAL REIT- P/E : 5.5 WITH MASSIVE 8.5% DIVIDEND YIELD
NET property income (NPI) for OUE Commercial Reit : TS0U +4.26% (real estate investment trust) came in at S$56.6 million in the first quarter of 2023, an 18 per cent increase from the same period a year ago.
Its revenue rose 14.9 per cent to S$68.4 million over the same period, driven mainly by higher contributions from the Reit’s Hilton Singapore Orchard and Singapore commercial properties, said its manager on Thursday (May 4).
Modify on 2023-08-28 10:07
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“We believe that these income-generating enhancements will strengthen CPCA’s competitive positioning as a premier hospitality destination in its unique Changi Airport location”, Han added.
OUE C-REIT expects the AEI to be DPU-accretive and the estimated capital expenditure is up to approximately SGD14 million.
The AEI is expected to generate a stabilised return on investment of approximately 10%.
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