OUE Real Estate Investment Trust (OUE REIT) has released its financial results for the first half of 2025. The group's revenue for 1H 2025 was SGD 131.1 million, representing a 10.6% decline from SGD 146.7 million in the same period of 2024. Net property income also experienced a decrease, falling by 10.1% to SGD 105.3 million from SGD 117.1 million in 1H 2024. However, there was a positive trend in the amount to be distributed to unitholders, which increased by 5.9% to SGD 54.3 million from SGD 51.3 million in the previous year. The distribution per unit (DPU) rose by 5.4% to 0.98 cents, up from 0.93 cents in 1H 2024. A significant non-cash transaction during the period involved the issuance of 13,558,710 units, valued at SGD 3.9 million, to the Manager as satisfaction of management fees. No specific forward-looking guidance or outlook was provided in the report.
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