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OUE Hospitality Trust 2Q2019 Financial Results Weaker Than Expected
By My Sweet Retirement  •  August 26, 2019

The opening of Jewel this year failed to act as a catalyst for OUE Hospitality Trust.  I am expecting it to attract more tourists which can possibly give the hospitality segment a boost but it didn’t.

OUE Hospitality Trust makes up 4% of my stock portfolio. OUE Hospitality Trust has announced their 2Q2019 financial results on 6th August 2019. Net Property Income (NPI) was lower by S$1.2 million mainly due to lower gross revenue from both the hospitality and retail segments. Distribution Per Unit was 1.06 cents, 9.4% lower y-o-y, mainly due to lower income and higher interest expense.

The current gearing ratio stood at 38.5% which I felt that it is not on the high side but neither is it safe haven. The good thing is that there is no refinancing required until December 2020.

2Q2019 Financial Results 2Q2019
(S$’mil) 2Q2018
(S$’mil) Change Gross Revenue 29.4 30.7 (4.4)% Net...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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