OUE REIT Posts 4.6% YoY Rise in 3Q 2026 NPI
OUE REIT is pleased to report a resilient set of results for 3Q2026, with revenue and NPI increasing by 3.1% and 4.6% YoY.
Key highlights of the quarter:
𝐁𝐚𝐫𝐛𝐞𝐥𝐥 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐒𝐮𝐩𝐩𝐨𝐫𝐭𝐬 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐫𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞
🔸Hospitality achieved strongest 3Q performance since Hilton Singapore Orchard’s rebranding with NPI rising 12.6% YoY.
🔸Singapore office rental reversion remained positive at 4.6%
𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐓𝐡𝐫𝐨𝐮𝐠𝐡 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞
🔸12.4% YoY reduction in finance costs in 3Q 2026.
𝐏𝐫𝐮𝐝𝐞𝐧𝐭 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐎𝐩𝐭𝐢𝐦𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐃𝐫𝐢𝐯𝐞𝐬 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐆𝐫𝐨𝐰𝐭𝐡
🔸S$1.6 million contribution from 180 George Street, Sydney, supporting distribution growth.
🔸Crowne Plaza Changi Airport divestment to complete on 30 Oct 2026, unlocking approximately S$498.5 million of capital, with a S$20 million special distribution expected to commence from FY 2027
Mr Han Khim Siew, Chief Executive Officer of the Manager, said, “OUE REIT delivered robust performance in 3Q 2026, reflecting the strength of our barbell strategy across the commercial and hospitality segments. Effective capital management contributed to a substantial reduction in finance costs.”
“We continue to advance Phase 3 Value Creation Journey through effective capital reallocation, with a focus on progressively reshaping the portfolio towards stronger income quality, greater capital efficiency and sustainable long-term value creation. We have received strong Unitholders’ support to divest Crowne Plaza Changi Airport and are on track for completion in 4Q 2026.” Mr Han concluded.
🔹Press release: https://lnkd.in/gs_zkFTi
🔹Presentation: https://lnkd.in/gdK46DGv
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