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Prime US REIT
Results
Prime US REIT reports 2HFY2022 DPU of 3.03 US cents, down 12.2% y-o-y
DPU for the FY2022 declined 3.5% y-o-y to 6.55 US cents.
February 08, 2023
Broker's Calls
UOB Kay Hian initiates Prime US REIT at 'buy' with TP of 78 US cents
At its current share price levels, the REIT’s valuations are “bombed-out”, says UOB Kay Hian's Jonathan Koh.
January 18, 2023
Broker's Calls
Analysts maintain “buy” on Prime US REIT, but cut target prices
The analysts believe that the REIT is oversold, having lost almost 50% of its share price since the start of the year.
November 10, 2022
Broker's Calls
RHB remains 'overweight' on US office REITs despite drop in unit prices
Analyst Vijay Natarajan remains positive on the sector as recessionary fears in the US could force workers back to the office.
September 30, 2022
Broker's Calls
PhillipCap maintains ‘buy’ on Prime US REIT, but lowers TP on lower DPU forecasts
Prime will be "minimally impacted from rising interest rates, PhillipCap thinks
September 19, 2022
Broker's Calls
With healthy assets and debt headroom, pessimism on Prime US REIT 'likely overdone': analysts
“Prime compares well with its US office S-REIT peers, as it has low near-term leasing and refinancing risks.”
August 11, 2022
Results
Prime US REIT reports 1HFY2022 distribution of 3.52 US cents per unit
As at June 30, its gearing was 37.8%, suggesting a debt headroom of US$417 million at the 50% limit.
August 03, 2022
REITs
Prime US REIT completes consolidation of property management function for 13 of its properties
According to the manager, the consolidation of the management services is a “key step” in the REIT’s evolution
June 08, 2022
Broker's Calls
RHB keeps ‘buy’ on Prime US REIT with promising leasing momentum
Photo: Prime US REIT
May 20, 2022
Results
Prime US REIT reports 19.0% higher distributable income of US$20.9 mil for 1QFY2022
The REIT’s two new assets, Sorrento Towers and One Town Center contributed to the growth in the 1QFY2022.
May 11, 2022