OUE Commercial Real Estate Investment Trust (SG:TS0U)
SGX:TS0U
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OUE Commercial Real Estate Investment Trust
(SGX:TS0U)
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Select Model
Rating:57Neutral
Price Target:
S$0.38
▲(5.00% Upside)
Action:UpgradedDate:01/27/26
The score is driven mainly by mixed financial performance: a reasonably stable balance sheet and generally positive operating cash flow are offset by 2025 revenue decline and earnings/free-cash-flow volatility. Technicals are mildly constructive with neutral momentum, while valuation is pressured by a very high P/E despite a solid dividend yield.
Positive Factors
Supportive balance sheet with declining debt
Total debt has trended down and leverage sits at moderate sector levels, which strengthens financial flexibility. Over the next 2–6 months this supports refinancing ability, funding for maintenance or selective acquisitions, and reduces short-term default or covenant risk.
Negative Factors
Material 2025 revenue decline
A ~12.7% revenue drop materially reduces rental income and distributable cash for a REIT. Unless offset by new leasing or asset rotation, the decline weakens medium-term payout sustainability and growth prospects and raises the need for active asset or tenant management.
Read all positive and negative factors
Positive Factors
Negative Factors
Supportive balance sheet with declining debt
Total debt has trended down and leverage sits at moderate sector levels, which strengthens financial flexibility. Over the next 2–6 months this supports refinancing ability, funding for maintenance or selective acquisitions, and reduces short-term default or covenant risk.
Read all positive factors
OUE Commercial Real Estate Investment Trust (TS0U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.96B
Dividend Yield6.03%
Average Volume (3M)2.87M
Price to Earnings (P/E)69.7
Beta (1Y)0.63
Revenue Growth-11.65%
EPS Growth-137.98%
CountrySG
Employees66
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding5,524,617,000
10 Day Avg. Volume2,857,760
30 Day Avg. Volume2,865,621
Financial Highlights & Ratios
PEG Ratio-0.51
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$0.42Price Target Upside16.67% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.02
Revenue Forecast (FY)S$275.77M
OUE Commercial Real Estate Investment Trust Business Overview & Revenue Model
Company Description
OUE Real Estate Investment Trust engages in investing in income-producing properties used for commercial purposes in financial and business hubs. It operates through the Commercial and Hospitality segments. The company was founded on October 10, 2...
How the Company Makes Money
OUE Commercial Real Estate Investment Trust generates revenue primarily through rental income from its portfolio of properties. The REIT leases out office spaces, retail outlets, and hotel rooms, benefitting from long-term lease agreements and hig...
OUE Commercial Real Estate Investment Trust Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 312.23M | 272.62M | 295.52M | 285.06M | 241.51M | 249.88M |
| Gross Profit | 238.73M | 200.20M | 216.98M | 217.31M | 180.16M | 184.65M |
| EBITDA | 237.82M | 196.46M | 209.10M | 296.19M | 369.79M | 139.01M |
| Net Income | -74.02M | 28.45M | -68.32M | 200.11M | 275.57M | 38.88M |
Balance Sheet | ||||||
| Total Assets | 5.94B | 5.57B | 5.94B | 6.07B | 5.99B | 5.83B |
| Cash, Cash Equivalents and Short-Term Investments | 355.76M | 103.32M | 361.67M | 54.23M | 49.48M | 59.55M |
| Total Debt | 2.15B | 1.87B | 2.12B | 2.08B | 2.07B | 2.01B |
| Total Liabilities | 2.32B | 2.01B | 2.28B | 2.29B | 2.28B | 2.24B |
| Stockholders Equity | 3.36B | 3.31B | 3.40B | 3.52B | 3.45B | 3.34B |
Cash Flow | ||||||
| Free Cash Flow | 200.28M | 95.76M | 176.54M | 202.78M | 135.73M | 109.90M |
| Operating Cash Flow | 200.29M | 109.83M | 200.62M | 213.39M | 183.53M | 166.80M |
| Investing Cash Flow | 283.50M | 20.21M | 287.72M | 1.46M | -30.85M | 902.52M |
| Financing Cash Flow | -174.79M | -388.28M | -180.40M | -208.94M | -159.12M | -1.10B |
OUE Commercial Real Estate Investment Trust Technical Analysis
Positive
0.36
Price Trends
0.36
Negative
0.35
Positive
0.33
Positive
Market Momentum
>-0.01
Positive
51.84
Neutral
33.33
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, below the 50-day MA of 0.36, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | S$3.40B | 7.22 | 4.77% | 6.04% | 2.01% | 38.17% | |
66 Neutral | S$1.39B | 13.53 | 4.06% | 1.83% | -8.06% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | S$2.63B | ― | 2.32% | 3.20% | 4.58% | -14.92% | |
57 Neutral | S$1.96B | 69.70 | -2.15% | 6.03% | -11.65% | -137.98% | |
46 Neutral | S$1.84B | ― | -4.88% | 7.91% | 10.51% | -40.93% |
* Real Estate Sector Average
SG:TS0U
OUE Commercial Real Estate Investment Trust
0.36
0.11
43.15%
SG:9A4U
ESR-REIT
2.28
0.25
12.54%
SG:BUOU
Frasers Logistics & Commercial Trust
0.90
0.10
12.72%
SG:F17
GuocoLand Limited
2.37
1.05
78.87%
SG:H13
Ho Bee Land Limited
2.09
0.38
22.22%
OUE Commercial Real Estate Investment Trust Corporate Events
OUE REIT Secures S$45 Million Unsecured Facility With Sponsor-Linked Covenants
Jan 14, 2026
OUE REIT has entered into a new S$45 million unsecured loan facility, with proceeds earmarked for capital expenditure, working capital, general corporate purposes, refinancing of existing unsecured borrowings, and associated transaction costs, pro...
OUE Commercial REIT in Exclusive Talks on Partial Stake in Sydney’s Salesforce Tower
Jan 8, 2026
OUE Commercial Real Estate Investment Trust has confirmed it is in exclusive talks with Mitsubishi Estate Asia Pte. Ltd. regarding a potential acquisition of a partial stake in Salesforce Tower in Sydney, as part of its strategy to pursue growth o...
OUE REIT Secures S$100 Million Facility with Ownership Conditions
Dec 12, 2025
OUE Commercial Real Estate Investment Trust has announced that DBS Trustee Limited, acting as trustee, has secured a S$100 million unsecured facility. The funds are intended for capital expenditures, working capital, and other corporate purposes. ...
OUE REIT Issues New Units as Base Fee Payment
Oct 28, 2025
OUE REIT Management Pte. Ltd. has issued 5,722,544 new units in OUE Real Estate Investment Trust at an issue price of S$0.3454 per unit. These units were issued as part of the payment for the base fee for the third quarter of 2025 and will be sold...
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.