Prime US REIT

'Best leasing quarter' for Prime US REIT despite pre-terminations - THE EDGE SINGAPORE

Broker's Calls

'Best leasing quarter' for Prime US REIT despite pre-terminations

Leasing activity surged more than three times q-o-q, with leases signed for 4.9% of portfolio net lettable area (NLA).
Prime US REIT in talks with WeWork on resolution of its lease obligation in California - THE EDGE SINGAPORE

REITs

Prime US REIT in talks with WeWork on resolution of its lease obligation in California

As at 9.50am, units in Prime US REIT are trading flat at 86 US cents.
'Buy' Prime US REIT on strong leasing momentum: analysts - THE EDGE SINGAPORE

Broker's Calls

'Buy' Prime US REIT on strong leasing momentum: analysts

The analysts have all kept their target prices unchanged, ranging from 94 US cents to US$1.10.

Results

Prime US REIT sees 5.4% drop in DPU to 3.3 US cents in 1H2021

Accounting for the private placement launched on June 24, Prime US REIT announced a cumulative DPU distribution of US 3.42 cents.
RHB stays ‘overweight’ on S-REITs with Suntec, AIMS APAC and Prime US as top picks - THE EDGE SINGAPORE

Broker's Calls

RHB stays ‘overweight’ on S-REITs with Suntec, AIMS APAC and Prime US as top picks

RHB believes the valuation gap between small, mid-cap REITs and large-cap REITs will continue to narrow in the near term.
RHB ups TP for Prime US REIT on acquisitions in San Diego and Florida - THE EDGE SINGAPORE

Broker's Calls

RHB ups TP for Prime US REIT on acquisitions in San Diego and Florida

RHB raised its TP to US$1.03 from US$1 previously.
Prime US REIT issues 98.8 mil new shares under private placement, raising US$80 mil - THE EDGE SINGAPORE

REITs

Prime US REIT issues 98.8 mil new shares under private placement, raising US$80 mil

The new units were issued at a price of 81 US cents per unit.
Prime US REIT acquires offices in San Diego and Florida for US$246 mil, launches US$80 mil private placement - THE EDGE SINGAPORE

REITs

Prime US REIT acquires offices in San Diego and Florida for US$246 mil, launches US$80 mil private placement

The acquisitions mark Prime US REIT’s entry into the two markets.
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