[SINGAPORE] Analysts believe that OUE Reit : TS0U -1.35% could unlock further value from its portfolio, including its recent acquisition of Salesforce Tower, after delivering “a good start” to the financial year in its latest first-quarter results. 

OUE Reit, on Apr 21, posted an 8.4 per cent rise in net property income (NPI) to S$57.6 million for Q1 ended Mar 31 from S$53.2 million a year prior. Revenue increased 6.7 per cent year on year (yoy) to S$70.5 million from S$66 million.

Analysts maintained their buy on the real estate investment trust (Reit) on the back of its strong performance in its hospitality and commercial segments, with at least two brokers – OCBC and CGSI – raising their estimates for the company. 

https://www.businesstimes.com.sg/companies-markets/good-start-analysts-expect-oue-reit-unlock-further-value-assets-after-strong-q1-showing