OUE COMM Reit 2QFY2017

Revenue                          $44.2m
NPI                                  $34.8m
Amount Avail For Dist   $17.8m
DPU                                1.15 cents
NAV                                86 cents
Gearing                            36.4%
Total Debt                       $1151m
Avg Cost Of Debt            3.4%
Avg Term Of Debt           3.1 years
Interest Cover                   3.3 years

OUE Comm Reit 1QFY2017

Revenue                          $44,816K
NPI                                  $34,642K
Amount Avail For Dist   $16,642K
DPU                                1.23 cents
NAV                                86 cents
Gearing                            36.2%
Total Debt                       $1145m
Avg Cost Of Debt            3.4%
Avg Term Of Debt           3.3 years
Interest Cover                   3.2 years

OUE Comm Reit 4QFY2016

Revenue                          $45,023K
NPI                                  $34,820K
Amount Avail For Dist   $15,428K
DPU                                1.18 cents
NAV                                93 cents
Gearing                            39.8%
Total Debt                       $1261m
Avg Cost Of Debt            3.6%
Avg Term Of Debt           2.5 years
Interest Cover                   3.1 years

OUE Com Reit 3QFY16

Revenue                          $44,184K
NPI                                  $35,328K
Amount Avail For Dist   $17,214K
DPU                                1.32 cents
NAV                                89 cents
Gearing                            40.8%
Total Debt                       $1277m
Avg Cost Of Debt            3.4%
Avg Term Of Debt           2.7 years
Interest Cover                   3.1 years

OUE Comm Reit 2QFY16

Revenue                          $45.7m
NPI                                  $35.2m
Amount Avail For Dist   $17.7m
DPU                                1.36 cents
NAV                                91 cents
Gearing                            40.2%
Total Debt                       $1258m ($1228m,RMB145m)
Avg Cost Of Debt            3.53%
Avg Term Of Debt           2.72 years
Interest Cover                   3.2 years

OUE Comm Reit 1QFY2016

Revenue                          $42.9m
NPI                                  $33.3m
Amount Avail For Dist   $17.0m
DPU                                1.32 cents
NAV                                91 cents
Gearing                            40.5%
Avg Cost Of Debt            3.56%
Avg Term Of Debt           2.04 years
Interest Cover                   3.4 years

OUE Comm Reit 4QFY2015

Revenue                          $40.3m
NPI                                  $29.7m
Amount Avail For Dist   $17.6m
DPU                                1.36 cents
NAV                                96 cents
Gearing                            40.1%
Avg Cost Of Debt            3.45%
Avg Term Of Debt           2.31 years
Interest Cover                   3.7 years

OUE COM Reit Rights Issue

OUE COM Reit proposes an acquisition of an indirect interest of One Raffles Places through the acquisition of between 75% to 83.33% of OUB Centre Limited from OUE Ltd (the sponsor).Valuation of OUBC interest is at around $1734m from two independent valuers.Funding of the acquisition is a mixture of voluntary rights ($218.3m), CPPU ($500m to $550m) and debt($333.3m to $399.3m). The 9-for-20 rights issue at $0.555 will result in a TERP of $0.731 per share based on yesterday closing price of $0.81.The CPPU will be issued to the Sponsor for an annual coupon of 1% per year with a restriction period of 4 years.The CPPU will be classified as equity with a conversion price of $0.841 with no more than one third of the CPPU initially issued can be converted in any one year. This represent a 15% discount over the TERP.Assuming a 75% indirect interest, leverage will be at 40.9% of the enlarged portfolio.

OUE Comm Reit 1QFY2015

Gross Revenue                                       $20.4m
NPI                                                         $15.7m
Amount Available For Dist                    $12.6m
DPU                                                        1.44 cents
Total Assets                                            $1,706,241m
Net Assets                                               $964,252m
NAV                                                        $1.1
Leverage                                                  38.6%
Avg Cost Of Debt                                    2.88%
Interest Service Ratio                               3.9X