OUE REIT: Delivered Steady Operating Performance In 1Q 2025 Enhanced By Significant 11.3% YoY Decline In Financing Costs.

24 Apr 2025 17:40

Proactive capital management in 2024 successfully reduced the weighted average cost of debt to 4.2% p.a. as of 31 March 2025 from 4.7% p.a. as of 31 December 2024. Financing costs decreased significantly by 11.3% YoY to S$22.6 million in 1Q 2025 versus S$25.5 million in 1Q 2024. Revenue for 1Q 2025 was S$66.0 million, 11.9% lower YoY, mainly attributed to the divestment of Lippo Plaza in Shanghai, and lower contributions from the hospitality segment amid a weaker trading environment compared to the previous year...

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Source: ShareInvestor Express