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Our CEO, Mr Han Khim Siew joined John Patrick Ong and Chery Kang at CNBC’s Squawk Box Asia yesterday morning to discuss our 2H/FY 2025 results and highlight Sydney as a compelling alpha-generating market in Asia, with OUE REIT in exclusive discussion with respect to a compelling partial stake acquisition opportunity in Salesforce Tower, Sydney.

[你懂的] 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐚𝐦𝐢𝐝 𝐡𝐞𝐢𝐠𝐡𝐭𝐞𝐧𝐞𝐝 𝐦𝐚𝐜𝐫𝐨𝐞𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐯𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲:

OUE REIT generated a total return of 33.5% in FY 2025. This forward momentum is further enhanced by our strong 2H 2025 results, demonstrating the income resilience of our portfolio and effective capital management.

• 2H 2025 DPU increased by 10.6% YoY to 1.25 Singapore cents. FY 2025 DPU increased by 8.3% YoY to 2.23 Singapore cents.

• Like-for-like revenue and NPI grew 2.9% and 5.2% YoY respectively in 2H 2025, driven by Singapore commercial performance and improving hospitality results, complemented by the FY 2024 divestment of Lippo Plaza Shanghai, which reduced exposure to a weak Shanghai office market.

[你懂的] 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞-𝐟𝐨𝐜𝐮𝐬𝐞𝐝 𝐚𝐧𝐝 𝐰𝐞𝐥𝐥-𝐛𝐚𝐥𝐚𝐧𝐜𝐞𝐝 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐬 𝐬𝐭𝐚𝐛𝐥𝐞 𝐫𝐞𝐭𝐮𝐫𝐧𝐬:

• Singapore office portfolio recorded positive rental reversion of 9.1% in FY 2025 while average passing rent grew by 0.6% QoQ.

• Hospitality NPI grew 4.5% YoY in 2H 2025. Overall hospitality RevPAR for 2H 2025 remained unchanged at S$277.

• Mandarin Gallery achieved positive rental reversion of 12.4% in FY 2025.

[你懂的] 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭-𝐠𝐫𝐚𝐝𝐞 𝐛𝐚𝐥𝐚𝐧𝐜𝐞 𝐬𝐡𝐞𝐞𝐭 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭:

• FY 2025 finance costs fell substantially by 17.6%, benefitting from the interest rate decline and effective balance sheet optimisation over the past 3 years.

• Weighted average cost of debt significantly decreased by 80 bps YoY to 3.9% p.a.

• Well-spread debt maturity profile with no more than 18.5% of total debt due each year.

Mr Han Khim Siew, Chief Executive Officer of the Manager, said, “Looking ahead, we will continue to optimise asset performance and actively enhance our portfolio through disciplined capital recycling and selective deployment into prime gateway assets, including targeted opportunities in Sydney. Sydney’s core prime business district currently presents an attractive combination of growth potential and a favourable risk-reward profile. Anchored by a proactive capital allocation strategy, we remain focused on delivering sustainable long-term growth for our Unitholders”

• Press Release: https://lnkd.in/giK_aYNz

• Presentation: https://lnkd.in/giyPVEFT

• CNBC Interview: https://lnkd.in/g78tcmak

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