OUE Real Estate Investment Trust Announces Distribution Per Unit Increase
THE distribution per unit for OUE Real Estate Investment Trust (Reit) rose 8.7 per cent to S$0.0113 for the second half of its financial year ended Dec 31, 2024, from S$0.0104 in the year-ago period, its manager said in a bourse filing on Thursday (Jan 23).
Revenue and Net Property Income
This came as revenue increased 1.7 per cent on the year to S$148.8 million, from S$146.3 million in the corresponding period in the prior year.
However, net property income for the half year slipped 2.3 per cent on the year to S$116.9 million, from S$119.7 million in H2 FY2023.
Distribution to Unitholders
The amount to be distributed to unitholders increased 8 per cent year on the year to S$62.4 million, from S$57.7 million.
The distribution for the period, comprising taxable income distribution, tax-exempt income distribution, and capital distribution, will be paid on Mar 5, 2025, after books closure on Feb 4.
Unit Price
Units of OUE Reit closed flat at S$0.30 on Thursday, before the announcement.
Conclusion
OUE Real Estate Investment Trust has announced an increase in its distribution per unit, along with a rise in revenue. However, net property income for the half year slipped slightly. The amount to be distributed to unitholders has increased by 8% year on year, and the distribution will be paid on March 5, 2025.
FAQs
Q: What is the distribution per unit for OUE Reit for the second half of its financial year ended Dec 31, 2024?
A: The distribution per unit is S$0.0113, an increase of 8.7% from the year-ago period.
Q: What is the revenue for OUE Reit for the half year?
A: Revenue increased 1.7% on the year to S$148.8 million.
Q: What is the net property income for OUE Reit for the half year?
A: Net property income slipped 2.3% on the year to S$116.9 million.
Q: When will the distribution be paid to unitholders?
A: The distribution will be paid on March 5, 2025, after books closure on February 4.
Q: What is the unit price of OUE Reit?
A: Units of OUE Reit closed flat at S$0.30 on Thursday, before the announcement.
