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OUE Commercial Trust's Q2 DPU 5.5% above forecast

Published on Jul 30, 2014 6:39 PM

SINGAPORE - OUE Commercial Trust's results for the second quarter exceeded its forecast, thanks to lower expenses and finance costs.

The trust, managed by OUE Commercial Reit Management, posted a distribution per unit (DPU) of 1.43 cents for the three months to June 30, 5.5 per cent higher over its forecast of 1.36 cents for the quarter.

This brings its DPU for the financial period from Jan 27, when it listed on the Singapore Exchange, to June 30 up to 2.43 cents - 4.7 per cent higher than predicted, said the trust's manager on Wednesday. This will be paid to unitholders on Sept 2.

Income available for distribution for the quarter was $12.5 million, 5.5 per cent more than its forecast.

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