OUE Com Reit Company profile
About Oue Commercial Real Estate Invest Trust
OUE Commercial Real Estate Investment Trust (the Trust) is a Singapore-based real estate investment trust. The Trust invests in income-producing real estate used primarily for commercial purposes, including real estate used primarily for office and/or retail purposes in financial and business hubs, and/or hospitality and/or hospitality-related purposes, as well as real estate-related assets. Its segments include Singapore and China. It has seven properties across the commercial and hospitality segments in Singapore and Shanghai. Its portfolio includes OUE Bayfront, One Raffles Place, OUE Downtown Office, Lippo Plaza, Mandarin Gallery, Mandarin Orchard Singapore and Crowne Plaza Changi Airport. The Trust's property portfolio consists of approximately 2.0 million square feet (sq ft) of prime office and retail space, and 1,640 upper upscale hotel rooms. Its wholly owned subsidiary is OUE Limited. Its manager is OUE Commercial REIT Management Pte. Ltd.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Oue Commercial Real Estate Invest Trust revenues decreased 14% to SP$249.9M. Net income applicable to common stockholders totaled SP$36.3M vs. loss of SP$40M. Revenues reflect Commercial segment decrease of 19% to SP$182.4M, Singapore segment decrease of 16% to SP$224.7M. Net Income reflects Net Operating Income (NOI) - Hospitality increase of 4% to SP$63.3M.
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