OUE REIT Delivers Higher Revenue and NPI in 1Q 2026
OUE REIT is pleased to announce that revenue and NPI for 1Q 2026 increased by 6.7% and 8.4% YoY, mainly driven by strong YoY growth in the hospitality segment, which recorded a double-digit increase in the quarter, coupled with resilient operating performance from the commercial portfolio.
[强] 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐫𝐞𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐚𝐬𝐬𝐞𝐭 𝐞𝐧𝐡𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭
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Successfully redeployed capital from the divestment of Lippo Plaza Shanghai to 180 George Street (also known as Salesforce Tower), a freehold, newly built asset in Sydney’s core precinct
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OUE Bayfront obtained planning approval to convert Level 17 into more than 22,600 sf of prime office space
[强] 𝐇𝐢𝐠𝐡-𝐪𝐮𝐚𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐩𝐫𝐢𝐦𝐞-𝐥𝐨𝐜𝐚𝐭𝐞𝐝 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐞𝐝 𝐫𝐨𝐛𝐮𝐬𝐭 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞
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Hospitality NPI grew 16.8% YoY in 1Q 2026, mainly driven by proactive revenue management, refreshed offerings alongside an improved strong MICE pipeline. Overall hospitality RevPAR for 1Q 2026 rose 11.7% YoY to S$277.
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Singapore office portfolio recorded positive rental reversion of 6.0% in 1Q 2026 while average passing rent grew by 0.2% QoQ.
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Mandarin Gallery achieved a positive rental reversion of 12.4% in FY 2025.
[强] 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭-𝐠𝐫𝐚𝐝𝐞 𝐛𝐚𝐥𝐚𝐧𝐜𝐞 𝐬𝐡𝐞𝐞𝐭 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭
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1Q 2026 finance costs fell substantially by 17.8% YoY due to effective capital management and lower interest rate environment.
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Well-spread debt maturity profile with not more than 22.0% of total debt due each year.
Mr Han Khim Siew, Chief Executive Officer of the Manager, said, “Looking ahead, our portfolio fundamentals remain resilient, underpinned by the continued attractiveness of Singapore and Sydney as safe haven markets amid heightened global uncertainty. Building on these strengths, we will continue to advance our Phase 3 Value Creation Journey with a focus on disciplined capital allocation, active asset management and long-term value creation for Unitholders.”
Press Release: https://investor.ouereit.com/newsroom/20260421_174038_TS0U_6L5FAL4DBKWWTB08.1.pdf
Presentation: https://investor.ouereit.com/newsroom/20260421_174038_TS0U_6L5FAL4DBKWWTB08.2.pdf
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