The manager of Prime US REIT has reported distribution per unit (DPU) of 3.3 US cents (4.5 cents) in 1HFY21 ended June. This is down 5.4% from the 3.5 US cents disbursed in the previous year and follows higher property expenses.

Taking into account the private placement launched on June 24, Prime US REIT announced a cumulative DPU distribution of US 3.42 cents for the period from January 1 to July 5.

Gross revenue for the first six months of the year was up by 1.2% to US$72.1 million, largely due to full half-year contributions from Park Tower, which was acquired in February 2020.

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