Case Study: 

No thanks to lower rental and one-off income.

OUE Commercial REIT's (OUE C-REIT) net property income (NPI) dipped 0.3% YoY from $34.82m to $34.7m in Q4, due to lower rental income and one-off income, as well as lower operating costs.

According to its financial statement, revenue dipped 2.3% YoY from $45.02m to $43.99m. Other income rose by $0.5m due to higher income support drawdown in relation to OUE Bayfront.

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