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OUE Commercial REIT Posts A 23% Higher DPU In H1 2021

OUE Commercial REIT Posts A 23% Higher DPU In H1 2021

August 4, 2021 – OUE Commercial REIT announced a distribution amount of S$67.2 million for the financial period 1 January 2021 to 30 June 2021, translating to a distribution per unit (DPU) of 1.23 cents, an increase of 23% over the same period last year.

OUE C-REIT pays out its distribution on a semi-annual basis. With the books closure date being Friday, 6 August 2021, payment of 1H 2021 distribution can be expected on Friday, 10 September 2021.

Ms Tan Shu Lin, Chief Executive Officer of the Manager, said, “We are pleased to report a year-on-year increase in both distribution and DPU for 1H 2021. Operating performance for the Singapore commercial properties remained stable despite disruptions in business activities from the tightened safe management measures imposed in May.”

“The impact of a lower contribution from OUE Bayfront due to the divestment of 50% interest on 31 March 2021 was mitigated by lower rental rebates extended to tenants, as well as lower interest expense.”

Read more here..

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