OUE C-REIT's NPI up 54.8% to $50.1m in Q3

Submitted By:  Staff Reporter Case Study:  No This was mainly due to contribution from the OUE Downtown office. OUE Commercial Real Estate Investment Trust (REIT) continued its strong growth throughout the first half of the year as its net profit income (NPI) jumped 54.8%% YoY to $50.1m in Q3 from $32.3m last year, its SGX filing revealed. Revenue also climbed 53.7% YoY to $63.3m from $41.2m in the previous year. For the first nine months of 2019, NPI rose 32.2% YoY to $134.4m from $101.6m in H1 2018 whilst revenue increased by 32.9%% YoY to $170.5m from $128.4m in the previous year. read more