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OUE REIT: Delivers Higher Revenue & NPI In 1Q 2026, Driven By Resilient Commercial Performance & Double-Digit Hospitality Growth.
21 Apr 2026 17:48Revenue and Net Property Income rose 6.7% and 8.4% year-on-year respectively in 1Q 2026. Finance costs declined significantly by 17.8% YoY. Maiden foray into Australia with acquisition of a 19.9% interest in 180 George Street, also known as Salesforce Tower, Sydney, at an agreed property price of A$357.2 million, approximately S$319.8 million. OUE Bayfront obtained planning approval to create more than 22,600 square feet of prime office space, with projected stabilised return on investment exceeding 11.0%. Singapore office portfolio continues to record positive rental reversion of 6.0% in 1Q 2026. Hospitality segment revenue and NPI up 15.1% and 16.8% YoY respectively...
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Source: ShareInvestor Express
