OUE REIT said on Jul, 28 2026 that distribution per unit for the half-year ended Jun, 30 2026 rose 28.6 per cent year on year to 1.26 Singapore cents. Amount available for distribution increased to 69.8 million Singapore dollars from 54.3 million Singapore dollars a year earlier.

Revenue grew 3.8 per cent to 136.1 million Singapore dollars and net property income expanded 4.8 per cent to 110.3 million Singapore dollars, supported by a double-digit uplift from the hospitality segment and stable commercial contributions. Finance costs fell 16.6 per cent to 37.8 million Singapore dollars following earlier refinancing.

OUE REIT’s aggregate leverage stood at 41.5 per cent as at Jun, 30 2026, with a weighted average cost of debt of 3.6 per cent per annum and an average debt tenor of 3.1 years; 70.7 per cent of total debt is on fixed rates. Net asset value per unit was unchanged at 0.56 Singapore dollars.

The trust noted that its recent purchase of a 19.9 per cent stake in the 180 George Street (Salesforce Tower) in Sydney contributed 2.2 million Singapore dollars in share of results during the period, while the proposed 500 million Singapore dollar divestment of Crowne Plaza Changi Airport is expected to unlock capital for future accretive acquisitions and reduce leverage to an estimated 36.6 per cent upon completion.