OUE REIT Delivers 28.6% YoY Increase in 1H 2026 DPU to 1.26 cents
OUE REIT is pleased to report a 28.6% year-on-year increase in Distribution per Unit (DPU) to 1.26 Singapore cents for the financial period from 1 January 2026 to 30 June 2026 (“1H 2026”). The strong performance was underpinned by:
✅ 𝐑𝐨𝐛𝐮𝐬𝐭 𝐡𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐢𝐭𝐲 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞, with hospitality NPI rising 12.3% YoY in 1H 2026 and portfolio RevPAR increasing 10.7% YoY to S$258.
✅ 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, resulting in a 16.6% 𝐘𝐨𝐘 𝐫𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐢𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐜𝐨𝐬𝐭𝐬 in 1H 2026.
✅ 𝐒𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐫𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠, with the 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐒𝐚𝐥𝐞𝐬𝐟𝐨𝐫𝐜𝐞 𝐓𝐨𝐰𝐞𝐫, 𝐒𝐲𝐝𝐧𝐞𝐲, contributing S$2.2 million in share of results from associates.
Mr Han Khim Siew, Chief Executive Officer of the Manager, said, “OUE REIT delivered a robust set of results in 1H 2026, supported by our diversified portfolio, active portfolio reconstitution and effective capital management.
In March, we successfully redeployed capital into Salesforce Tower, Sydney, a premium asset that is already contributing a consistent income stream for OUE REIT. We also continued to advance our Phase 3 Value Creation Journey through the proposed divestment of Crowne Plaza Changi Airport in June 2026. The divestment allows us to unlock value from a mature asset ahead of its contractual expiry, materially strengthens our balance sheet and enhances our flexibility to recycle capital into assets with superior risk-adjusted returns. Together, these decisive actions underscore our commitment to narrowing the 0.64x Price to Book gap through proactive value creation and sustainable growth.
Against a complex macroeconomic backdrop characterised by geopolitical friction, persistent inflation, and elevated interest rates, our strategic focus remains clear. We remain disciplined in elevating asset performance, pursuing selective growth opportunities, and maintaining financial discipline. Anchored by our defensive positioning and strengthened balance sheet, OUE REIT is well placed to navigate near-term volatility and capitalise on emerging asset repricing opportunities to crystallise long-term value for our investors,” Mr. Han concluded.
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Press Release: https://lnkd.in/gMZUvyNs
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Presentation: https://lnkd.in/g4xYBJRP
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