OUE REIT 1H FY 2024 Financial Results and Business Outlook • 25 July 2024 •
OUE REIT Management Pte. Ltd., the manager (“the Manager”) of OUE REIT, will discuss the REIT’s performance for the first half of 2024 (“1H FY 2024”), as well as share its insights on market outlook and growth strategies.
Outline of presentation
• Introduction & Overview of OUE REIT
• Financial Highlights & Capital Management
• Portfolio Performance
• Outlook & Growth Strategies
Speaker’s Bio
Mr Han Khim Siew is the CEO of the Manager of OUE REIT, where he is responsible for strategic management, growth and operations. He works with the Board of the Manager to determine OUE REIT’s business strategies and plans, and the management team to ensure that these strategies are executed accordingly.
Mr Han has over 26 years of diverse international experience having worked in Hong Kong, Singapore, Indonesia and Brunei Darussalam spanning government, private equity, private equity real estate and real estate advisory in Asia Pacific, Africa & Europe.
His previous role was as Managing Director and Co-Head of BNP Paribas Real Estate Asia Pacific. Prior to joining BNP Paribas Real Estate in 2013, Mr Han was Head of Investments at Jones Lang LaSalle Indonesia. He started his career in the Ministry of Finance and Prime Minister’s Office, Government of Brunei Darussalam. Between 1997 – 1999, he also served on the board of COMAFIN, a pan-African private equity fund.
About OUE REIT
OUE Real Estate Investment Trust (“OUE REIT”), formerly known as OUE Commercial Real Estate Investment Trust, is one of the largest diversified Singapore REITs (“S-REITs”) with total assets under management of S$6.3 billion as of 31 December 2023.
OUE REIT aims to deliver stable distributions and provide sustainable long-term growth in return to Unitholders by investing in income-producing real estate used primarily for hospitality, retail and/or office purposes in financial and business hubs, as well as real estate-related assets. With six assets in Singapore and one in Shanghai, the property portfolio comprises 1,655 upper upscale hotel rooms and approximately 2.2 million square feet of prime office and retail space.
In Singapore, OUE REIT owns two hotels, Hilton Singapore Orchard and Crowne Plaza Changi Airport. Complementing Hilton Singapore Orchard is Mandarin Gallery, a choice location for international brands in the heart of Orchard Road. Meanwhile, OUE REIT’s office assets – OUE Bayfront, One Raffles Place and OUE Downtown Office, are situated within the Central Business District.
In Shanghai, OUE REIT’s Grade A commercial asset Lippo Plaza is located on Huaihai Middle Road, one of Shanghai’s established core CBD locations in the Huangpu district of Puxi.
Listed on the Main Board of the Singapore Exchange Securities Trading Limited since 27 January 2014, OUE REIT is managed by OUE REIT Management Pte. Ltd. (the “Manager”), a wholly-owned subsidiary of OUE Limited (the “Sponsor”). The Sponsor is a leading real estate and healthcare group, growing strategically to capitalise on growth trends across Asia. Its real estate activities include the development, investment and management of real estate assets across the commercial, hospitality, retail, residential and healthcare sectors.
