0258 GMT - OUE REIT's active capital reallocation appears to be underway, OCBC Group Research's Ada Lim says in a research report. The REIT completed the acquisition of a 19.9% interest in the 180 George Street property in Australia, which offers quality exposure to Sydney's prime district, the analyst says. Management also seems keen to exercise the REIT's right of first refusal to further boost its stake in the property should the opportunity arise. OCBC Global Research increases its 2026 and 2027 distribution-per-unit forecasts for the REIT by 0.4% and 0.7%, respectively. It raises the unit's fair value estimate to S$0.41 from S$0.40 with an unchanged buy rating. The units are unchanged at S$0.365. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 22, 2026 22:58 ET (02:58 GMT)
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