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Prime US REIT
REITs
Prime US REIT to divest asset at below valuation as it focuses on reducing leverage
Net gearing on a pro forma basis will be reduced from 48.4% as of Dec 31 2023 to 45.8%.
May 15, 2024
Broker's Calls
PhillipCapital downgrades Prime US REIT to ‘accumulate’ as it prices in refinancing risk
Analyst Darren Chan has lowered his target price to 12 US cents.
May 14, 2024
REIT Watch
Tenant improvements sink US office S-REITs but the trough is nigh
In Singapore, tenants usually pay for renovations of their office property. In the US, the landlord pays.
April 04, 2024
Broker's Calls
Brokers’ Digest: CLINT, Marco Polo Marine, Hong Leong Asia, Dyna-Mac, Prime US REIT, SGX, ISDN, ISEC Healthcare, Hyphens
See what the analysts have to say this week.
March 21, 2024
REITs
Top leaders at US office S-REITs announce resignations
Top executives from Manulife US REIT and Prime US REIT announced their resignations within a week of each other.
March 21, 2024
Broker's Calls
Differing views on Prime US REIT
UOB Kay Hian and DBS Research have differing views on the departure of the CEO Prime US REIT's manager, and the outlook.
March 18, 2024
REITs
CEO of Prime US REIT's manager resigns, Board announces replacement
CEO of Prime US REIT's manager resigns to pursue other opportunities
March 15, 2024
Broker's Calls
Analysts slash Prime US REIT target price on US$600 mil debt expiring July, enlarged share base
Gearing, at 48.4%, is “a little too high for comfort”, says DBS Group Research.
February 26, 2024
Results
Prime US REIT reports 2HFY2023 cash DPU of 0.25 US cents and 1-for-10 bonus issue
The cash distribution is equivalent to about 10% of the REIT's total distributable income for the half-year.
February 22, 2024
Broker's Calls
DBS downgrades Prime US REIT to ‘fully valued’ on potential domino effect from KORE’s distribution suspension
The analysts are taking a "preemptive stance" prior to Prime US REIT’s results release.
February 16, 2024