OUE REIT Remains Buy Call on its Value-Creation Efforts -- Market Talk
Dow Jones
Jan 29
0153 GMT - OUE REIT remains a buy call for OCBC Group Research given its ongoing efforts to create value. Its focus is shifting from strengthening its capital structure to efficient capital allocation to drive growth, analyst Ada Lim says in a research report. Singapore will probably remain its core market, even as management seeks out opportunities overseas, such as a potential partial stake in Salesforce Tower in Sydney. Also, management expects to reap further interest-cost savings as it likely can refinance bonds coming due in 2026 and 2027 at lower coupon rates. OCBC raises the REIT's target price to S$0.40 from S$0.36. Units are unchanged at S$0.375. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 28, 2026 20:53 ET (01:53 GMT)
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