Home Capital Results

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
Photo: Prime US REIT
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.