Singapore, 23 January 2025 – OUE REIT reported on 23 January that its distribution per unit (DPU) for 2H 2024 rose 8.7% year-on-year to 1.13 Singapore cents, supported by robust asset performance and strategic portfolio adjustments.
Revenue for 2H 2024 increased by 1.7% year-on-year to SGD 148.8 million, driven by the stable operations of the Singapore office portfolio and the completion of asset enhancement works at Crowne Plaza Changi Airport.
The REIT’s hospitality segment performed exceptionally, with revenue climbing 5.4% year-on-year and Crowne Plaza Changi Airport’s RevPAR surging 25.5%.
Related: OUE REIT bolsters dominance in eastern Singapore with asset upgrades
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