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OUE Commercial Real Estate Investment Trust
(SGX:TS0U)
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Rating:59Neutral
Price Target:
S$0.37
▲(2.78% Upside)
Action:Reiterated
Date:08/01/26
The score is primarily driven by mid-range financial performance (strong TTM revenue rebound and moderate leverage, but volatile earnings and weaker cash conversion) and a significant valuation headwind (very high P/E despite a solid dividend yield). Technicals are modestly supportive with the price slightly above key moving averages, but limited by missing momentum indicators.
Positive Factors
Revenue Rebound
The sharp TTM revenue rebound indicates renewed income generation from the property portfolio. If supported by leasing and occupancy, stronger top-line performance can improve recurring distributions and provide a base for future asset-management initiatives.
Negative Factors
Earnings Volatility
Large swings in reported earnings reduce confidence in the stability of distributable performance and make results harder to forecast. Persistent volatility may reflect valuation movements or other non-recurring items, complicating assessment of underlying portfolio profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The sharp TTM revenue rebound indicates renewed income generation from the property portfolio. If supported by leasing and occupancy, stronger top-line performance can improve recurring distributions and provide a base for future asset-management initiatives.
Read all positive factors
OUE Commercial Real Estate Investment Trust (TS0U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.97B
Dividend Yield7.07%
Average Volume (3M)2.00M
Price to Earnings (P/E)59.2
Beta (1Y)0.48
Revenue Growth6.52%
EPS GrowthN/A
CountrySG
Employees66
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)<0.01
Shares Outstanding5,535,474,600
10 Day Avg. Volume2,262,300
30 Day Avg. Volume1,996,253
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)0.60
Price to Sales (P/S)7.27
P/FCF Ratio20.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.45Price Target Upside23.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.02
Revenue Forecast (FY)S$279.52M
OUE Commercial Real Estate Investment Trust Business Overview & Revenue Model
Company Description
OUE Real Estate Investment Trust (REIT) focuses on the acquisition and management of revenue-generating commercial properties located within key financial and business hubs. Its portfolio and operations are segmented into Commercial and Hospitalit...
How the Company Makes Money
OUE C-REIT primarily makes money by owning completed commercial properties and earning recurring rental income from leasing office and retail space to tenants under contractual lease agreements. Revenue is driven by (1) base rents and contractual ...
OUE Commercial Real Estate Investment Trust Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 289.05M | 272.62M | 295.52M | 285.06M | 241.51M | 249.88M |
| Gross Profit | 219.73M | 200.20M | 216.98M | 217.31M | 180.16M | 184.65M |
| EBITDA | 217.60M | 196.46M | 209.10M | 296.19M | 369.79M | 139.01M |
| Net Income | 37.10M | 28.45M | -68.32M | 200.11M | 275.57M | 38.88M |
Balance Sheet | ||||||
| Total Assets | 5.67B | 5.57B | 5.94B | 6.07B | 5.99B | 5.83B |
| Cash, Cash Equivalents and Short-Term Investments | 14.24M | 103.32M | 361.67M | 54.23M | 49.48M | 59.55M |
| Total Debt | 2.00B | 1.87B | 2.12B | 2.08B | 2.07B | 2.01B |
| Total Liabilities | 2.12B | 2.01B | 2.28B | 2.29B | 2.28B | 2.24B |
| Stockholders Equity | 3.29B | 3.31B | 3.40B | 3.52B | 3.45B | 3.34B |
Cash Flow | ||||||
| Free Cash Flow | 158.41M | 95.76M | 176.54M | 202.78M | 135.73M | 109.90M |
| Operating Cash Flow | 158.45M | 109.83M | 200.62M | 213.39M | 183.53M | 166.80M |
| Investing Cash Flow | -139.59M | 20.21M | 287.72M | 1.46M | -30.85M | 902.52M |
| Financing Cash Flow | -371.91M | -388.28M | -180.40M | -208.94M | -159.12M | -1.10B |
OUE Commercial Real Estate Investment Trust Technical Analysis
Positive
0.36
Price Trends
0.35
Positive
0.35
Positive
0.34
Positive
Market Momentum
<0.01
Negative
55.17
Neutral
38.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:TS0U, the sentiment is Positive. The current price of 0.36 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.35, and above the 200-day MA of 0.34, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.17 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:TS0U.
OUE Commercial Real Estate Investment Trust Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | S$18.61B | 14.47 | 7.40% | 4.52% | 5.37% | 19.25% | |
68 Neutral | S$1.85B | 14.96 | 5.19% | 6.61% | 3.58% | 71.30% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | S$4.28B | 7.60 | 8.46% | 5.88% | 5.35% | 176.77% | |
64 Neutral | S$4.32B | 13.98 | 5.19% | 5.35% | 1.18% | ― | |
60 Neutral | S$6.50B | 26.00 | 2.71% | 6.39% | -4.05% | -57.18% | |
59 Neutral | S$1.97B | 59.17 | 1.12% | 7.07% | 6.52% | ― |
* Real Estate Sector Average
SG:TS0U
OUE Commercial Real Estate Investment Trust
0.36
0.04
11.99%
SG:K71U
Keppel REIT
0.87
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-7.94%
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CapitaLand Integrated Commercial Trust
2.35
0.16
7.21%
SG:N2IU
Mapletree Pan Asia Commercial Trust
1.24
-0.09
-6.84%
SG:T82U
Suntec Real Estate Investment
1.46
0.18
14.15%
SG:JYEU
Lendlease Global Commercial REIT
0.56
-0.03
-5.08%
OUE Commercial Real Estate Investment Trust Corporate Events
OUE REIT to Seek Unitholder Approval for S$500 Million Crowne Plaza Changi Airport Divestment
Aug 5, 2026
OUE Commercial Real Estate Investment Trust has announced a proposed divestment of the Crowne Plaza Changi Airport hotel for S$500 million, a transaction that will also involve terminating the related master lease agreement. As the deal qualifies ...
OUE REIT Secures S$300 Million Facility With Sponsor-Linked Covenants
Jul 31, 2026
OUE REIT has entered into a new S$300 million unsecured facility agreement, with proceeds earmarked for property investments in Singapore and abroad, capital expenditure, working capital, general corporate purposes and refinancing existing loans a...
OUE REIT boosts H1 payouts as hospitality rebound and capital recycling drive growth
Jul 28, 2026
OUE REIT reported a strong first-half 2026 performance, driven by a sharp rebound in hospitality income, stable contributions from its Singapore commercial assets and its newly acquired stake in Sydney’s Salesforce Tower. Revenue rose 3.8% y...
OUE REIT Issues New Units to Pay Management Fee, Sells Them to OUE Limited
Jul 27, 2026
OUE REIT Management Pte. Ltd. has issued 5,478,088 new units in OUE Commercial Real Estate Investment Trust at S$0.3527 per unit as payment for 50% of the base management fee for the period from 1 April 2026 to 30 June 2026. The issue price was se...
OUE REIT Fully Redeems S$150 Million Notes Due 2026
Jun 2, 2026
OUE Real Estate Investment Trust has fully redeemed the S$150 million 3.95% notes due 2026 that were issued under its S$2 billion multicurrency debt issuance programme through its wholly owned subsidiary, OUE REIT Treasury Pte. Ltd. The principal ...
OUE Commercial REIT Secures S$75 Million Facility with Sponsor-Linked Covenants
Jun 2, 2026
OUE Commercial Real Estate Investment Trust has secured a new S$75 million unsecured loan facility, with proceeds earmarked for capital expenditure, working capital, general corporate purposes and refinancing existing unsecured borrowings. Utilisa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.