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Prime US REIT
Broker's Calls
Brokers’ Digest: AEM, Prime US REIT, Hyphens Pharma, Seatrium, Valuetronics, DFI Retail Group, CDG, Centurion, Sembcorp
Here's what the analysts have to say this week.
7 days ago
Broker's Calls
RHB says that Prime US REIT is 'priming for a recovery'; keeps TP and 'buy' call unchanged
Analyst Vijay Natarajan has kept his target price at 23 US cents, saying that the REIT has good leasing momentum with improvement expected in coming quarters.
10 days ago
Results
Prime US REIT reports lower distributable income of US$8.5 mil for 3QFY2024, down 42.2% y-o-y
In 3QFY2024, gross revenue dropped by 15.1% y-o-y to US$34.1 million, while net property income fell by 22.9% y-o-y to US$18 million.
14 days ago
REITs
Prime US REIT eyes turnaround with divestment, US$550 mil credit facility
Within the $100-$200 million range of US office properties, Prime US REIT is “number one in America”, says CEO Rahul Rana.
September 12, 2024
Results
Prime US REIT announces sale of asset and refinancing of US$550 million
Prime US REIT announces DPU of 0.18 US cents for 1HFY2024; manages to divest one asset and refinance US$550 million
August 13, 2024
REITs
Prime US REIT secures one-year extension for US$72.15 mil facility
The REIT has not announced the release date of its results for 1HFY2024 ended June 30.
July 23, 2024
Broker's Calls
Brokers' Digest: Prime US REIT, Hongkong Land, Yangzijiang Shipbuilding, SIA, CICT, ST Engineering, OUE REIT, Wilmar
See what the analysts say this week.
July 18, 2024
Broker's Calls
RHB maintains ‘buy’ call on Prime US REIT with unchanged TP
This comes alongside the REIT’s recent asset divestment and likelihood of interest rate cuts, putting it on a recovery path.
July 17, 2024
Broker's Calls
Brokers’ Digest: Singtel, Prime US REIT, CDL, LHN, Hongkong Land, Fu Yu Corp, Sheng Siong, Cromwell European REIT
See what the analysts have to say this week.
May 31, 2024
Broker's Calls
Prime US REIT’s divestment a ‘positive step’ despite discount to valuation: RHB
The sale price of US$82 million is a 3% discount to the end-2023 valuation and an 18% discount to its July 2021 purchase price.
May 23, 2024