Price target: PhillipCapital “buy” 94 US cents

Thumbs up as 1H20 DPU and NPI surpass IPO expectations
PhillipCapital analyst Tan Jie Hui has maintained her “buy” call with a higher target price of 94 US cents following the REIT’s 1H20 results. “We still favour Prime US REIT for its diversified portfolio and organic growth potential derived from rental reversions and escalations,” she says in a report dated Aug 11.

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