OUE Commercial REIT (OUE C-REIT) announced their 1H2022 Financial Results on 25th July 2022. I currently held 2.81% of OUE C-REIT in my stock portfolio. OUE C-REIT comprises of assets from the Office sector and Hospitality sector. Both sectors are hit the hardest during the COVID-19 pandemic. If you are an investor of OUE C-REIT and wonder if the REIT is bound for recovery, let us take a deeper look into its 1H2022 financial results below. OUE C-REIT 1H2022 Financial Results Gross revenue declined 13.3% year-on-year to S$115.8 million. Net property income for 1H 2022 was S$93.6 million, 14.2% lower year-on-year mainly due to the deconsolidation of OUE Bayfront’s performance post the divestment of a 50% interest in the property on 31 March 2021. Distribution amount was S$59.5 million for the financial period 1 January 2022 to 30 June 2022 (“1H 2022”), translating to a distribution per unit (“DPU”) of 1.08 cents. DPU declined 12.2% y-o-y. The financial results are definitely not so rosy....