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Prime US REIT reports 1HFY2022 distribution of 3.52 US cents per unit

The Edge Singapore
The Edge Singapore8/3/2022 10:34 PM GMT+08  • 2 min read
Prime US REIT reports 1HFY2022 distribution of 3.52 US cents per unit
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Prime US REIT, which holds a portfolio of 14 US office properties worth US$1.7 billion, has reported a distribution unit of 3.52 cents for 1HFY2022 ended June, up 5.7% y-o-y.

The distribution will go ex on Aug 11 and be paid on Sept 26.

Net property income for the REIT in the same period was US$50.8 million, up 9.7% y-o-y; revenue was up 13.5% y-o-y to US$81.8 million, led by contributions from two acquisitions made in July 2021, Sorrento Towers and One Tower Center.

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