Business
OUE REIT Delivers Higher Revenue and NPI in 1Q 2026
OUE REIT Management Pte. Ltd., in its capacity as manager (the "Manager") of OUE Real Estate Investment Trust ("OUE REIT"), announces that revenue and net property income for the financial period 1 January 2026 to 31 March 2026 ("1Q 2026") increased by 6.7% and 8.4% YoY to S$70.5 million and S$57.6 million respectively. The higher revenue and NPI were mainly driven by strong YoY growth in the hospitality segment, which recorded a double-digit increase in the quarter, coupled with resilient opera
About this update from Oue Real Estate Investment Trust
[{"type":"text","content":"Driven by Resilient Commercial Performance and Double-Digit Hospitality Growth","length":78,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue and Net Property Income ("NPI") rose 6.7% and 8.4% year-on-year ("YoY") respectively in 1Q 2026","length":123,"tagName":"p"}]},{"val":[{"type":"text","content":"Finance costs declined significantly by 17.8% YoY","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"Maiden foray into Australia with acquisition of a 19.9% interest in 180 George Street (also known as Salesforce Tower), Sydney, at an agreed property price of A$357.2 million (approximately S$319.8 million[1])","length":209,"tagName":"p"}]},{"val":[{"type":"text","content":"OUE Bayfront obtained planning approval to create more than 22,600 square feet of prime office space, with projected stabilised return on investment ("ROI") exceeding 11.0%.","length":183,"tagName":"p"}]},{"val":[{"type":"text","content":"Singapore office portfolio continues to record positive rental reversion of 6.0% in 1Q 2026","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"Hospitality segment revenue and NPI up 15.1% and 16.8% YoY respectively","length":71,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":726,"olType":false},{"type":"text","content":"SINGAPORE, April 21, 2026 /PRNewswire/ -- OUE REIT Management Pte. Ltd., in its capacity as manager (the "Manager") of OUE Real Estate Investment Trust ("OUE REIT"), announces that revenue and net property income for the financial period 1 January 2026 to 31 March 2026 ("1Q 2026") increased by 6.7% and 8.4% YoY to S$70.5 million and S$57.6 million respectively. The higher revenue and NPI were 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.","length":619,"tagName":"p"},{"type":"text","content":"Share of results of joint venture and associate rose by 57.2% YoY, mainly driven by higher contribution from OUE Bayfront arising from significant interest cost savings following its refinancing completed in August 2025, as well as the acquisition of 180 George Street on 16 March 2026.","length":286,"tagName":"p"},{"type":"text","content":...