Committed occupancy in the office portfolio rose 0.8 percentage points from the previous quarter, to 94.5 per cent as at end-September. With positive rental reversions of 2.9 per cent to 22.1 per cent in the quarter, average passing rents rose year on year.
Across the Reit's full portfolio, rental collections remain healthy at above 90 per cent; rent deferments have been"manageable" at S$1.2 million, said the Reit's manager. From Q3, half of base management fees are to be paid in cash - up from 20 per cent previously - with the rest in units, said OUE C-Reit's manager, adding that this is in line with its objective of delivering long-term sustainable distribution per unit.As OUE C-Reit has a semi-annual distribution policy, any distribution or retention will be announced with its full-year resultsFor daily updates on weekdays and specially selected content for the weekend.