On Sep, 07 2026 OUE Real Estate Investment Trust told participants at The Edge Singapore’s REITs Investment Forum that distribution per unit (DPU) for the six months ended Jun, 30 2026 climbed 28.6 % year on year to 1.26 Singapore cents, supported by a 16.6 % increase in net property income from hotel recovery and a 16.6 % reduction in borrowing costs. The newly acquired 19.9 % stake in 180 George Street, Sydney (“Salesforce Tower”), contributed 2.2 million Singapore dollars to revenue during the period.

All seven covering analysts maintain “Buy” calls on the trust, assigning a consensus target price of 0.421 Singapore dollars per unit, implying an 18.7 % potential upside to the Jun, 30 2026 closing price of 0.355 Singapore dollars. From Jun 2025 to Aug 2026 the REIT’s unit price advanced 21.7 %, outperforming the FTSE ST REIT Index’s 15.8 % gain and the FTSE EPRA Nareit Global REITs Index’s 0.7 % uptick.

Management said aggregate leverage stood at 41.5 % but is projected to ease to 36.4 % after completing the planned 500 million Singapore dollar sale of Crowne Plaza Changi Airport. Net proceeds, after a proposed 20 million Singapore dollar special distribution, will be used to repay debt. The REIT’s weighted average cost of debt improved to 3.6 % per annum, with 70.7 % of borrowings on fixed rates and 88.1 % of assets unencumbered.

Capital recycling remains a core strategy. Since December 2024 the trust has unlocked 357.4 million Singapore dollars from the divestment of Lippo Plaza Shanghai and redeployed 319.8 million Singapore dollars to acquire the Sydney asset at an initial passing yield of 5.8 %.

OUE Real Estate Investment Trust said it will continue to monetise mature properties, pursue accretive acquisitions and convert under-utilised space—such as the planned 22,600 square feet office conversion at OUE Bayfront—to narrow its current price-to-book ratio of 0.65 times and support sustainable distribution growth.