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Singapore REIT owning office and hotel properties including OUE Bayfront and Hilton Singapore Orchard.
Singapore REIT owning office and hotel properties including OUE Bayfront and Hilton Singapore Orchard.
Collects rent from office tenants and from the operators who lease its hotel and retail space, and distributes most of its income to unitholders to keep its tax-transparent status. It also owns an office-and-retail tower in Shanghai, though Singapore carries the portfolio.
In one line: A Singapore office and hotel REIT.
Moat: narrow (installed base). Portfolio of well-located Singapore office/hotel assets with moderate scale versus larger peers.
Headquarters: Singapore · Founded: 2010
Size OUE Real Estate Investment Trust (TS0U.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $1.50B, the 57th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.34 on 6 Nov 2026.
Performance Over six months the shares fell 5.5%, against -5.5% for the median peer and -1.2% for the Singapore market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 6.5% over the last twelve months (peer median +3.3%); the operating margin is 73.1% (peer median 49.1%).
Valuation It trades at 0.62× book value against a peer median of 0.98× (cheapest of 21).
Price implies The share price implies a return on equity of about 4.4%; OUE Real Estate Investment Trust delivers 1.1%, so the price asks more than the business earns today.
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$287M | S$273M | S$294M | S$286M | S$273M |
| Revenue growth | — | -7% | +3% | +5% | — |
| Gross profit | S$215M | S$200M | S$214M | S$217M | S$208M |
| EBITDA | S$210M | S$196M | S$208M | S$198M | S$213M |
| Net income | S$37.1M | S$28.5M | -S$68.3M | S$200M | S$276M |
| Free cash flow | S$92.7M | S$95.8M | S$93.3M | S$130M | S$135M |
| Capital expenditure | S$14.1M | S$14.1M | S$25.8M | S$10.6M | S$167,000 |
| Total debt | n/a | S$1.87B | S$2.12B | S$2.08B | S$2.07B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| OUE Real Estate Investment Trust TS0U.SI | $1.50B | -5% | +7% | 1% | 0.62× | 4.4% |
| Keppel REIT K71U.SI | $3.27B | -5% | +5% | 8% | 0.67× | 4.6% |
| Suntec Real Estate Investment Trust T82U.SI | $3.18B | -7% | +1% | 5% | 0.67× | 4.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TS0U.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.5% | +0.1% | 8th highest of 21 |
| 6-month return | -5.5% | -5.5% | 10th highest of 20 |
| Return on equity | 1.1% | 6.0% | 5th lowest of 19 |
| Price / book | 0.62× | 0.98× | cheapest of 21 |
| Trailing P/E | 57.5× | 16.8× | 3rd most expensive of 16 |
| ROE the price implies | 4.4% | 6.9% | 2nd least demanding of 21 |
| ROE delivered | 1.1% | 6.3% | 3rd lowest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| OUE Real Estate Investment Trust TS0U.SI | Singapore | $1.50B | -5% | +7% | 1% | 0.62× | 4.4% | 1.1% |
| Killam Apartment REIT KMP-UN.TO | Canada | $1.51B | -3% | +5% | 0% | 0.68× | 6.6% | 0.3% |
| Innovative Industrial Properties IIPR | United States | $1.51B | -4% | -4% | 7% | 0.89× | 10.8% | 7.4% |
| MORI TRUST REIT.Inc 8961.T | Japan | $1.48B | -13% | -14% | 6% | 1.00× | 5.2% | 5.6% |
| Ingenia Communities INA.AX | Australia | $1.48B | +36% | +8% | 11% | 1.22× | 12.4% | 11.2% |
| Japan Logistics Fund 8967.T | Japan | $1.52B | -8% | +3% | 9% | 1.70× | 6.6% | 9.4% |
| CBL & Associates Properties CBL | United States | $1.46B | 0% | +9% | 61% | 3.43× | 33.7% | 60.6% |
| Supermarket Income REIT SUPR.L | United Kingdom | $1.54B | +4% | -7% | 8% | 0.94× | 9.1% | 7.8% |
| Empire State Realty OP LP Series ES ESBA | United States | $1.46B | -6% | +2% | 5% | 0.84× | 10.8% | n/a |
| Ellington Financial EFC | United States | $1.45B | -17% | +30% | 12% | 0.82× | 8.6% | 12.3% |
| Centurion Accommodation REIT 8C8U.SI | Singapore | $1.45B | -3% | -69% | 1% | 1.22× | 6.0% | n/a |
| LaSalle LOGIPORT REIT 3466.T | Japan | $1.45B | -10% | +71% | 6% | 1.19× | 4.8% | 6.2% |
| Emperador Properties SOCIMI YEPSA.MC | Spain | $1.44B | +14% | +7% | -2% | 2.84× | 10.5% | n/a |
| Lendlease Global Commercial REIT JYEU.SI | Singapore | $1.44B | -3% | +4% | 5% | 0.78× | 4.4% | 5.1% |
| Global Net Lease GNL | United States | $1.58B | -26% | -30% | -1% | 0.96× | 9.9% | -1.0% |
| Charter Hall Retail REIT CQR.AX | Australia | $1.59B | +6% | +31% | 14% | 0.78× | 8.7% | 13.9% |
| CNAMC China Resources Commercial Asset Closed Infrastructure Real Estate Investment Trust 180601.SZ | China | $1.41B | -6% | n/a | n/a | 1.51× | 4.4% | n/a |
| Blackstone Digital Infrastructure Trust BXDC | United States | $1.61B | n/a | n/a | n/a | 0.83× | 7.3% | n/a |
| Mori Hills Reit Investment 3234.T | Japan | $1.36B | -14% | -1% | 6% | 1.07× | 4.5% | 5.9% |
| AEON REIT Investment 3292.T | Japan | $1.36B | -19% | +1% | 5% | 0.89× | 4.1% | 5.3% |
| Comforia Residential REIT 3282.T | Japan | $1.36B | -20% | +17% | 6% | 1.27× | 5.1% | 6.3% |