Prime US REIT

SGX stocks are well-known for their generous dividends, but PRIME US REIT takes the cake with a forecasted dividend yield of around 9% by December 2023.

The manager of Prime US REIT has reported distribution per unit (DPU) of 3.42 US cents (4.53 cents) for the 2HFY2020 ended December, outperforming its IPO forecast of 3.35 US cents by 2.1%.

Maybank Kim Eng  (MBKE) head of REITs research Chua Su Tye has issued a “buy” call on Prime US REIT due to stable occupancies and strong leasing momentum at 8.9% rent reversion despite weakened mar

PhillipCapital analyst Natalie Ong has kept her “overweight” recommendation on Singapore REITs (S-REITs) due to the spate of acquisitions spurred by low interest rates and recovery in share prices.

Singapore’s stock market seems to have caught the Covid-19 bug with the benchmark Straits Times Index (STI) falling 1.4% to 2,534.6 points last week.

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.

SINGAPORE (July 20): PhillipCapital is initiating a “buy” on US office REITs as the sector has remain resilient amid a new normal.

SINGAPORE (June 24): US office REITs are enjoying strong portfolio resiliency amid the economic uncertainty of Covid-19.

SINGAPORE (May 15): Prime US REIT has a focus on stabilised income-producing office assets in the US.