OUE REIT Unveils HSBC 9th Annual Asia Credit Conference Presentation Highlighting Prime Assets and Stable Credit Profile
Summary:
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OUE REIT, with S$5.8 billion in total assets, presented at HSBC’s 9th Annual Asia Credit Conference on 16 June 2025.
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It manages six prime Singapore assets, including OUE Bayfront, One Raffles Place, OUE Downtown Office, Mandarin Gallery, Hilton Singapore Orchard, and Crowne Plaza Changi Airport, covering approximately 1.8 million sq ft of net lettable area.
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The REIT holds a BBB– credit rating from S&P with a stable outlook and maintains prudent leverage and liquidity: 40.6% aggregate leverage, 4.2% cost of borrowings, 87% unsecured debt, and 87% of assets unencumbered, with an average debt maturity of 2.8 years.
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Financial performance shows revenue and net property income growing at ~15% CAGR since IPO, with FY2024 revenue around S$295 million and net property income at S$235 million.
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OUE REIT emphasized its sustainability credentials — awarded 4 stars in GRESB 2024, issued green notes totaling S$550 million, and operates under a S$2 billion EMTN program.
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Strategic efforts include value-creating acquisitions, asset recycling (e.g., Lippo Plaza Shanghai divestment), AEIs, and a merged portfolio that includes hospitality and office assets.
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The REIT continues to adopt green financing tools, including sustainability-linked loans and other environmental initiatives.