OUE Commercial REIT has released its 2H2021 financial results on 16 February 2022. The REIT currently makes up 2.82% of my stock portfolio. The last time I reviewed the performance of OUE Commercial REIT was in February 2021.
There has been significant updates related to OUE Commercial REIT since my last followed up on this REIT. OUE Commercial REIT had divested 50% interest in OUE Bayfront and rebranded Mandarin Orchard Singapore whereby the it was relaunched as Hilton Singapore Orchard on 1 March 2022.
OUE Commercial REIT has entered into the leading FTSE EPRA Nareit Global Developed Index
on 20 September. This has enhanced OUE C-REIT’s visibility and investability.
Now, let me look at its financial results to see how OUE Commercial REIT has performed in FY2021.
OUE Commercial REIT 2H2021 Financial Results
Net property income of S$95.2 million was 20.3% lower YoY mainly due to deconsolidation of OUE...