OUE Commercial Real Estate Investment Trust
Market Cap
S$2.0b
Last Updated
2021/03/04 11:03 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
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
| TS0U | Industry | Market | |
|---|---|---|---|
| 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of OUE Commercial REIT Management Pte. Ltd. | no data | no data | 0.012% SGD 242.1k | |
| Chief Financial Officer at OUE Commercial REIT Management Pte. Ltd. | 1.5yrs | no data | no data | |
| Senior Vice President of Investor Relations - OUE Commercial REIT Management Pte. Ltd. | no data | no data | no data | |
| Vice President of Asset & Investment Management at OUE Commercial REIT Management Pte. Ltd. | no data | no data | no data | |
| Executive Secretary of OUE Commercial REIT Management Pte. Ltd. | 8.33yrs | no data | no data | |
| Company Secretary of OUE Commercial REIT Management Pte. Ltd. | 2yrs | no data | no data | |
| Company Secretary of OUE Commercial REIT Management Pte. Ltd | 0.50yr | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of OUE Commercial REIT Management Pte. Ltd. | no data | no data | 0.012% SGD 242.1k | |
| Independent Non-Executive Director of OUE Commercial REIT Management Pte. Ltd | 1.5yrs | S$30.57k | 0.014% SGD 281.9k | |
| Chairman of OUE Commercial REIT Management Pte. Ltd. | 1.5yrs | S$28.77k | 0.00027% SGD 5.3k | |
| Lead Independent Director of OUE Commercial REIT Management Pte. Ltd. | 3.5yrs | S$127.96k | 0.018% SGD 364.9k | |
| Independent Non-Executive Director of OUE Commercial REIT Management Pte. Ltd. | 3.33yrs | S$68.75k | no data | |
| Non-Independent Non-Executive Director | 0.50yr | no data | no data | |
| Independent Non-Executive Director of OUE Commercial REIT Management Pte. Ltd. | 1.5yrs | S$30.57k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TS0U | SGX (Singapore Exchange) | Yes | UNITS | SG | SGD | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/04 11:03 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.