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Gamechanger if they do share buyback now
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Delvyss
Elite |
28-Jul-2026 08:25
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OUE REIT - Hospitality segment delivershttps://www.poems.com.sg/stock-research/OUECR.SG/ |
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Alignment
Elite |
24-Jul-2026 05:17
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Yes, definitely a possibility given OUE' s track record of doing M& A. It is also easier here to get a deal done given the large discount of the share price to fundamental value. It makes it much easier to agree a take private price that selling shareholders are happy with but allows the buyer to make a profit. |
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Chansenghoe1971
Elite |
23-Jul-2026 10:06
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Privatisation candidate | ||||
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Alignment
Elite |
23-Jul-2026 09:58
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Wow, all this is very impressive. And looks like strong growth to come from the organic side of things (rental reversion, interest savings). The M& A benefits (CPCA signed, 1RP TBD) will provide even more upside. |
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Joelton
Supreme |
23-Jul-2026 09:19
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OUE REIT' s 1HFY2026 DPU rose by 28.6% y-o-y OUE REIT&rsquo s Distribution per Unit (DPU) rose by 28.6% y-o-y to 1.26 cents for the six months to June 30, its 1HFY2026. The improvement was driven by stronger hospitality performance, the income contribution from the acquisition of Salesforce Tower and significantly lower interest expenses resulting from capital management. Revenue and NPI for 1H2026 were $136.1 million and $110.3 million, representing y-o-y increases of 3.8% and 4.8% respectively, mainly due to stronger hospitality performance and stable contributions from Singapore&rsquo s commercial portfolio. The share of results of joint venture and associate increased significantly to $10.4 million for 1H2026, driven by the acquisition of a 19.9% interest in Salesforce Tower and interest cost savings achieved at OUE Bayfront following its successful refinancing completed in August 2025. Finance costs decreased by 16.6% y-o-y in 1H2026 in a low-interest rate environment. In March, OUE REIT redeployed capital into Salesforce Tower. The REIT manager continued to advance its Phase 3 Value Creation Journey through the proposed divestment of Crowne Plaza Changi Airport in June 2026. The divestment allows the REIT to unlock value from a mature asset ahead of its contractual expiry. The acquisition and divestment announcement helped to narrow the 0.64x price-to-book discount, OUE REIT&rsquo s manager says. For 1H2026, OUE REIT&rsquo s office and retail segment&rsquo s revenue and NPI remained stable at $86.0 million (-0.1% y-o-y) and $65.3 million (+0.1% y-o-y) respectively. The performance was driven by sustained positive rental reversions and higher average passing rents achieved across the Singapore commercial portfolio. Positive rental reversion remained strong at 4.7% for office lease renewals in 2Q2026. As of June 2026, average passing rent of OUE REIT&rsquo s Singapore office portfolio increased by 0.9% q-o-q to $11.10 psf pm. Committed occupancy stood at 91.5%, reflecting expected transitional downtime between tenant leases as part of ongoing leasing activity. Mandarin Gallery&rsquo s operating metrics remain stable, with a positive rental reversion of 5.6% in 2Q2026. Average passing rent rose 1.6% q-o-q to $23.34 psf pm while committed occupancy edged lower to 94.7%. Salesforce Tower delivered a strong operating performance, driven by its full committed occupancy as of June 30. Its long weighted average lease expiry of 5.1 years by gross rental income also further enhances income visibility and resilience for OUE REIT. Hospitality segment revenue and NPI for 1H2026 increased significantly by 11.2% and 12.3% y-o-y to $50.1 million and $45.1 million respectively, driven by effective revenue management initiatives, enhanced guest offerings and targeted marketing campaigns, alongside a strong MICE pipeline in 1Q2026. For 1H2026, RevPAR increased by 10.7% y-o-y to $258. Hilton Singapore Orchard&rsquo s RevPAR grew by 12.6% y-o-y on the back of higher occupancy, increased corporate demand from targeted account wins, and resilient transient travel demand. Crowne Plaza Changi Airport&rsquo s 7.5% y-o-y RevPAR growth was driven by higher occupancy and room rates As of June 30, OUE REIT&rsquo s weighted average cost of debt further improved to 3.6% per annum, underpinned by effective capital management amid a lower interest rate environment. The debt maturity profile remained well-staggered, with a weighted average term of debt of 3.1 years as of June 30. Aggregate leverage remained unchanged at 41.5%. The interest coverage ratio, calculated according to the Monetary Authority of Singapore&rsquo s guidelines, improved to 2.8x and sits comfortably above bank loan covenants. |
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seanpent
Supreme |
23-Jul-2026 09:11
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38 turned support? | ||||
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Delvyss
Elite |
23-Jul-2026 08:57
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OUE Reit' s H1 DPU jumps 28.6% to S$0.0126https://www.businesstimes.com.sg/companies-markets/oue-reits-h1-dpu-jumps-28-6-s0-0126 |
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HVRRVH
Elite |
22-Jul-2026 18:54
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Last 6 distributions: $0.0104, $0.0093, $0.0113, $0.0098, $0.0125, $0.0126. In term of yearly distributions, it was $0.0197, $0.0211 and $0.0251 for 2024, 2025 and 2026 respectively. 2025 and 2026 see increase in DPUs of 7.107% and 18.96% over preceding years respecively .Ok, Han has talked and has kind of delivered so next natural question will be whether the increase in the DPU is sustainable. Market will tell us and if market think so, unit price may head to yield of 6% which could see the unit price hitting $0.42 at least. Let' s see.
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governor
Veteran |
22-Jul-2026 18:06
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Wolf Money(OUE REIT 1H26 results) OUE REIT reported a strong 1H26. Distribution went up 28.6% for the half year to 1.26c per unit. On an annualised basis, the reit is offering close to 7% yield. https://lonewolfinvestor.blogspot.com/2026/07/wolf-moneyoue-reit-1h26-results.html |
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Alignment
Elite |
19-Jul-2026 00:56
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That has largely come true. | ||||
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Delvyss
Elite |
17-Jul-2026 10:43
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" With the planned relocation of container port facilities at the southern part of Singapore by 2030 and long-term master-planning by the Urban Redevelopment Authority to redevelop the waterfront area as an extension of the Singapore CBD, OUE Downtown Office is primed to benefit from the transformation of Tanjong Pagar into a business and lifestyle hub." https://investor.ouereit.com/misc/ar2019.pdf |
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Alignment
Elite |
12-Jul-2026 22:58
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The price to book value here is just so low, and has been for so long. Time for an activist investor to come in and take a look? | ||||
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governor
Veteran |
10-Jul-2026 14:18
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Wolf Money(OUE REIT)cash managementhttps://lonewolfinvestor.blogspot.com/2026/07/wolf-moneyoue-reitcash-management.html |
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seanpent
Supreme |
03-Jul-2026 08:31
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Time to review this too ... https://www.businesstimes.com.sg/opinion-features/reits-dont-trade-well-should-be-privatised-or-sell-assets-and-be-liquidated | ||||
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Delvyss
Elite |
01-Jul-2026 08:48
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SIA and OUE REIT in focus: Weekly Review with SIAShttps://growbeansprout.com/weekly-market-review-29-june-2026 |
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Joelton
Supreme |
30-Jun-2026 09:13
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Analysts keep &lsquo buy&rsquo on OUE REIT following latest proposed divestment of Crowne Plaza Changi Airport Analysts from DBS Group Research, Maybank Securities and OCBC Group Research remain positive on OUE REIT (SGX:TS0U) following the recent announcement on the proposed divestment of Crowne Plaza Changi Airport for $500 million. Tabitha Foo of DBS Group Research feels that this divestment is a positive development for the REIT given the upcoming hotel management agreement and master lease expiry in 2028. &ldquo OUE REIT would likely face significant refurbishment capex, potential rebranding costs, operational downtime and the loss of minimum rent protection,&rdquo Foo says. Foo believes that this divestment is aligned with her value unlocking thesis on OUE REIT. &ldquo If further value unlocking is seen, investors will likely be looking at further dividends to be rewarded for the rise in asset values,&rdquo Foo predicts. &ldquo Given that the exit price is close to book, this also signifies that OUE REIT&rsquo s net asset value (NAV) of 56 cents is realisable and can be achieved. If further divestments materialise, it implies that the current 40% discount is conservative,&rdquo Foo explains. Following this divestment, Foo predicts that there will be questions surrounding an eventual privatisation, given the smaller portfolio size if a sale materialises for One Raffles Place that is currently on the market. Given that pro forma distribution yield at 6.6% appears attractive for a largely Singapore-focused portfolio and with a price/book ratio at 0.6 times, Foo is maintaining a &ldquo buy&rdquo call on OUE REIT with a target price of 45 cents. Meanwhile, Liu Miaomiao of Maybank Securities is keeping her &ldquo buy&rdquo call on OUE REIT with unchanged target price of 45 cents, given the upcoming special distribution of $20 million over the first two years following completion of the divestment and potential saving in finance expenses. &ldquo On a pro-forma basis, aggregate leverage is expected to decline from 41.5% to 36.6%, creating meaningful debt headroom to support further acquisitions, including an increased stake in Salesforce Tower,&rdquo Liu predicts. Liu adds that while Crowne Plaza Changi Airport contributed 10% of OUE REIT&rsquo s FY2025 revenue and will result in a loss in income from FY2027 onwards, OUE REIT&rsquo s management has guided that distribution per unit (DPU) could increase by 5.8% after taking into account the special distribution. &ldquo As such,we have incorporated the loss in income from FY2027 onwards while factored potential savings in finance expense alongside the special distribution,&rdquo Liu concludes. Finally, Ada Lim of OCBC Group Research has maintained a &ldquo buy&rdquo call with unchanged fair value of 41 cents on OUE REIT. Lim states that the divestment is part of the REIT&rsquo s capital recycling strategy to exit from mature assets with lower yields and redeploy proceeds into high quality assets with better returns to close its NAV gap. &ldquo This is a sizeable transaction, in our view &ndash with Crowne Plaza Changi Airport contributing to around 10% of FY2025 revenue and 9.3% of portfolio value &ndash and we are watchful of how the REIT eventually deploys the proceeds, as well as the timing and quality of any potential acquisitions,&rdquo Lim says. Lim added that OUE REIT previously announced that it is exploring the divestment of One Raffles Place (ORP), and this remains ongoing. &ldquo As the buyer is a joint venture involving OUE Limited, unitholders&rsquo approval is required at an extraordinary general meeting (EGM) to be convened in 3QFY2026 thereafter, the transaction is expected to be completed in 4QFY2026. With that, we are leaving our forecast and fair value estimate unchanged in the interim,&rdquo Lim states. As at 10.04am, Units in OUE REIT are trading 0.5 cents higher, or 1.4% up at 36 cents. |
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Delvyss
Elite |
29-Jun-2026 15:12
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Analysts keep ' buy on OUE REIT following latest proposed divestment of Crowne Plaza Changi Airporthttps://www.theedgesingapore.com/capital/brokers-calls/analysts-keep-buy-oue-reit-following-latest-proposed-divestment-crowne-plaza |
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seanpent
Supreme |
29-Jun-2026 08:59
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Gradually turning | ||||
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Alignment
Elite |
28-Jun-2026 16:44
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The sale is a nice win, but more of the proceeds should be paid back to shareholders. The deal needs independent shareholder approval to go through. Perhaps large independent shareholders should speak to management to get more special dividends. |
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seanpent
Supreme |
26-Jun-2026 16:11
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Wait for the big move
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