OUE Commercial Real Estate Investment Trust (SG:TS0U) has released an update.
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OUE Commercial REIT reported a stable operational performance for Q3 2024, with its Singapore office portfolio achieving a positive rental reversion of 10.8% and maintaining a high occupancy rate of 95.4%. The Crowne Plaza Changi Airport also saw a significant 30.3% year-on-year growth in RevPAR, following an asset enhancement program. Additionally, OUE REIT issued its first 7-year investment-grade green notes at 3.90%, strengthening its financial position with robust demand from institutional investors.
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