SGX:TS0U

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OUE Commercial Real Estate Investment Trust

Executive Summary

OUE C-REIT is a real estate investment trust listed on the Main Board of Singapore Exchange Securities Trading Limited since 27 January 2014. More Details


Snowflake Analysis

Fair value with moderate growth potential.

Share Price & News

How has OUE Commercial Real Estate Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TS0U is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: TS0U's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.4%

TS0U

0.5%

SG REITs

1.1%

SG Market


1 Year Return

-24.0%

TS0U

-12.3%

SG REITs

-4.0%

SG Market

Return vs Industry: TS0U underperformed the SG REITs industry which returned -12.3% over the past year.

Return vs Market: TS0U underperformed the SG Market which returned -4% over the past year.


Shareholder returns

TS0UIndustryMarket
7 Day-1.4%0.5%1.1%
30 Day-8.8%-3.3%1.9%
90 Day-5.2%1.3%6.1%
1 Year-19.1%-24.0%-7.8%-12.3%1.0%-4.0%
3 Year-29.8%-48.6%18.4%-1.3%-7.1%-18.5%
5 Year-12.5%-44.3%46.5%8.2%17.0%-4.4%

Long-Term Price Volatility Vs. Market

How volatile is OUE Commercial Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is OUE Commercial Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TS0U (SGD0.37) is trading below our estimate of fair value (SGD0.74)

Significantly Below Fair Value: TS0U is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TS0U is unprofitable, so we can't compare its PE Ratio to the SG REITs industry average.

PE vs Market: TS0U is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TS0U's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TS0U is good value based on its PB Ratio (0.6x) compared to the SG REITs industry average (0.9x).


Next Steps

Future Growth

How is OUE Commercial Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

54.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TS0U is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: TS0U is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TS0U's is expected to become profitable in the next 3 years.

Revenue vs Market: TS0U's revenue is expected to decline over the next 3 years (-2.3% per year).

High Growth Revenue: TS0U's revenue is forecast to decline over the next 3 years (-2.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TS0U's Return on Equity is forecast to be low in 3 years time (3.3%).


Next Steps

Past Performance

How has OUE Commercial Real Estate Investment Trust performed over the past 5 years?

3.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TS0U is currently unprofitable.

Growing Profit Margin: TS0U is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TS0U is unprofitable, but has reduced losses over the past 5 years at a rate of 3.3% per year.

Accelerating Growth: Unable to compare TS0U's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TS0U is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-29.3%).


Return on Equity

High ROE: TS0U has a negative Return on Equity (-1.08%), as it is currently unprofitable.


Next Steps

Financial Health

How is OUE Commercial Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: TS0U's short term assets (SGD1.4B) exceed its short term liabilities (SGD498.2M).

Long Term Liabilities: TS0U's short term assets (SGD1.4B) do not cover its long term liabilities (SGD2.5B).


Debt to Equity History and Analysis

Debt Level: TS0U's debt to equity ratio (72.5%) is considered high.

Reducing Debt: TS0U's debt to equity ratio has increased from 65.4% to 72.5% over the past 5 years.

Debt Coverage: TS0U's debt is not well covered by operating cash flow (8.6%).

Interest Coverage: TS0U is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is OUE Commercial Real Estate Investment Trust current dividend yield, its reliability and sustainability?

6.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TS0U's dividend (6.66%) is higher than the bottom 25% of dividend payers in the SG market (1.98%).

High Dividend: TS0U's dividend (6.66%) is in the top 25% of dividend payers in the SG market (4.79%)


Stability and Growth of Payments

Stable Dividend: TS0U has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TS0U has only been paying a dividend for 7 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50%), TS0U's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TS0U's dividends in 3 years are not forecast to be well covered by earnings (142.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Shu Lin Tan (47 yo)

no data

Tenure

Ms. Shu Lin Tan, CFA serves as the Chief Executive Officer of OUE Commercial REIT Management Pte. Ltd., the Manager of OUE Commercial Real Estate Investment Trust and has been its Executive Director since ...


Leadership Team

NamePositionTenureCompensationOwnership
Shu Lin Tan
CEO & Executive Director of OUE Commercial REIT Management Pte. Ltd.no datano data0.012%
SGD 242.1k
Lionel Chua
Chief Financial Officer at OUE Commercial REIT Management Pte. Ltd.1.5yrsno datano data
Elaine Cheong
Senior Vice President of Investor Relations - OUE Commercial REIT Management Pte. Ltd.no datano datano data
Philip Mah
Vice President of Asset & Investment Management at OUE Commercial REIT Management Pte. Ltd.no datano datano data
Celine Kam
Executive Secretary of OUE Commercial REIT Management Pte. Ltd.8.33yrsno datano data
Thia Jackie
Company Secretary of OUE Commercial REIT Management Pte. Ltd.2yrsno datano data
Hua Yeow Chua
Company Secretary of OUE Commercial REIT Management Pte. Ltd0.50yrno datano data

1.8yrs

Average Tenure

Experienced Management: TS0U's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Shu Lin Tan
CEO & Executive Director of OUE Commercial REIT Management Pte. Ltd.no datano data0.012%
SGD 242.1k
Chee Ming Liu
Independent Non-Executive Director of OUE Commercial REIT Management Pte. Ltd1.5yrsS$30.57k0.014%
SGD 281.9k
Yi Shyan Lee
Chairman of OUE Commercial REIT Management Pte. Ltd.1.5yrsS$28.77k0.00027%
SGD 5.3k
Lian Huat Loh
Lead Independent Director of OUE Commercial REIT Management Pte. Ltd.3.5yrsS$127.96k0.018%
SGD 364.9k
Usha Ranee Chandradas
Independent Non-Executive Director of OUE Commercial REIT Management Pte. Ltd.3.33yrsS$68.75kno data
Brian Riady
Non-Independent Non-Executive Director0.50yrno datano data
Kian Min Ong
Independent Non-Executive Director of OUE Commercial REIT Management Pte. Ltd.1.5yrsS$30.57kno data

1.5yrs

Average Tenure

57yo

Average Age

Experienced Board: TS0U's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

OUE Commercial Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OUE Commercial Real Estate Investment Trust
  • Ticker: TS0U
  • Exchange: SGX
  • Founded: 2013
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: S$1.981b
  • Shares outstanding: 5.43b
  • Website: https://www.ouect.com

Number of Employees


Location

  • OUE Commercial Real Estate Investment Trust
  • 50 Collyer Quay
  • No. 04-08, OUE Bayfront
  • Singapore
  • 49321
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TS0USGX (Singapore Exchange)YesUNITSSGSGDJan 2014

Biography

OUE C-REIT is a real estate investment trust listed on the Main Board of Singapore Exchange Securities Trading Limited since 27 January 2014. OUE C-REIT completed the merger with OUE Hospitality Trust in S...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 11:03
End of Day Share Price2021/03/04 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.