Prime US Reit
Prime US Reit raises distributable income payout ratio to at least 50%, records lower Q3 income
A distribution of only 10% of the distributable income has been declared for the last two one-year periods since Jul 1, 2023, the manager notes
US office S-Reits could be on the cusp of a comeback
The worst could be over, with interest rates now edging downwards, and leasing demand and occupancy metrics improving across major office markets
‘The worst has passed’ for US office S-Reits, but investors should not jump in just yet
Investor sentiment towards the sector appears to be stabilising, but recovery among players remains uneven
Prime US Reit H1 DPU falls by 33.3% to US$0.0012 due to higher finance expenses, asset divestment
Reit records 11.6% year-on-year decrease in net property income to US$35.8 million for period
Prime US Reit signs 120,000 sq ft lease at Class A office tower in Maryland
This new anchor lease will bring the building to above 85% occupancy
Prime US Reit distributable income for Q1 2025 down 30% at US$8.4 million
Its manager says the Reit has to retain a ‘substantial’ portion of distributable income to reinvest capital into its asset portfolio
Prime US Reit posts 51.6% fall in H2 DPU as manager continues to retain funds for capex
The Reit’s manager is cautiously optimistic about return-to-office mandates “gaining momentum”
Singapore-listed US office Reits soar on Trump’s return to office mandate
The trio of US office Reits has recorded strong weekly gains of more than 10%, respectively
Prime US Reit Q3 distributable income falls to US$8.5 million
Revenue slid to US$34.1 million from US$40.2 million the year before
Hot stocks: US office S-Reits rise on Federal Reserve’s rate cut
The Fed announces an unusually large half-percentage-point reduction
