Lower net property income OUE REIT reported net property income of S$53.2 million in 1Q 2025, a 12.1% year-on-year (YoY) decline. Excluding the contribution from Lippo Plaza Shanghai which was divested in December 2024, OUE REIT’s net property income would have declined by 4.1% YoY on a like-for-like basis. While the office segment performed well, OUE REIT’s hospitality segment was impacted by weakness in Hilton Singapore Orchard. Source: Company data Improvement in performance of Singapore office assets  OUE REIT’s net property income from the commercial segment grew by 2.2% YoY to reach S$32.3 million in 1Q 2025, driven by improving operating performance across its 100% Singapore-based portfolio. The occupancy across its office assets improved to 96.3% as of 31 March 2025 from 94.6% as of 31 December 2024. OUE REIT saw positive rental reversions of 9.9% in 1Q25, accelerating from the reversion of 6.4% in 4Q24. Hospitality segment...