OUE REIT reported revenue of 273.6 million Singapore dollars and net property income of 219.6 million Singapore dollars for the financial year ended Dec, 31 2025, down 7.4 % and 6.2 % year on year respectively after the December 2024 divestment of Lippo Plaza Shanghai. On a like-for-like basis, revenue inched up 0.1 % while net property income rose 1.6 %.

The trust generated 123.8 million Singapore dollars in amount available for distribution, 13.9 % higher than the previous year, lifting distribution per unit to 2.23 Singapore cents, an 8.3 % increase. Weighted average cost of debt fell 80 basis points to 3.9 % per annum and aggregate leverage eased to 38.5 % as at Dec, 31 2025.

During the same presentation, OUE REIT said it has agreed to acquire a 19.9 % interest in Salesforce Tower at 180 George Street, Sydney. The agreed property price for the stake is 357.2 million Australian dollars (about 319.8 million Singapore dollars), with a purchase consideration of 195.5 million Australian dollars (about 175.0 million Singapore dollars) after debt and other net assets adjustments. The transaction, expected to complete in the first half of 2026, is to be funded through a mix of debt and part of the proceeds from the earlier Lippo Plaza disposal.

The property, completed in 2022, carries an initial passing yield of 5.8 %, boasts a weighted average lease expiry of 5.5 years by gross rental income and is 99.2 % occupied. Pro forma calculations indicate the acquisition would add 0.9 % to FY2025 DPU and leave aggregate leverage at 40.2 %.

Management said the deal broadens geographical exposure while maintaining Singapore-centric earnings, with assets under management projected to rise to about 6.1 billion Singapore dollars post-acquisition.