Prime US REIT

Prime US REIT is a real estate investment trust ("REIT") focused on stabilised income-producing prime office assets in the United States ("U.S."). 

See below for the Latest Prime US REIT News, Analysis, Profit Results, Share Price Information, and Commentary.

Prime US REIT divests One Town Center to Miles Capital for US$82m

It sold the property below its valuation.
4 days ago

Prime US REIT divests One Town Center to Miles Capital for US$82m

It sold the property below its valuation.
4 days ago

Prime US REIT's net property income dips 11.7% YoY to US$20.8m

The REIT faced lower occupancy and higher finance expenses.

Prime US REIT’s distributable income slips 2.1% YoY to US$28.6m in 2H23

The REIT attributed the decline to higher finance costs.

Prime US REIT posts 3.3% YoY lower net property income of US$23.4m in 3Q23

The REIT also reported a lower income available for distribution of US$12.7m.

Cindy Teo is Prime US Reit’s new CFO

She previously had top posts in LOGOS and OUE Hospitality Reit.

Prime US REIT’s net property income drops 7.2% YoY to US$47.2m in 1H23

The REIT attributed the decline to lower occupancy and higher operating expenses.

Barbara Cambon bows out as Prime US REIT CEO

CFO Harmeet Singh Bedi will take over the post on 8 March. 

How S-Reits are performing in ESG

Maybank said sustained efforts must be continued to improve ESG scores.

Here's a peek of S-Reits performance in stocks in the past two weeks

In the past two weeks, there were hardly any gainers at the index.

Prime US Reit’s net property income up 9.7% in H1 22

The net property income was at $70m (US50.8m).

Prime US REIT's net income jumps 10.4% YoY to $35.28m in Q12022

The REIT's new assets, Sorrento Towers and One Town Center, contributed to the growth.

Prime US REIT profit up 10.7% to $36.2m in Q3

Its leasing activity more than tripled in the same period, QoQ. 

Prime US REIT distributable income slips 1.3% YoY in H1, remains stable

Prime said its gross revenue and net property income also remained stable.

SGX-listed Prime US Reit raises US$80m in private placements

The issue price of US$0.81 was subscribed more than two times.

Prime US REIT to undergo lease restructuring with WeWork

A wholly-owned subsidiary of WeWork is occupying 56,977 sq ft of Prime’s California property.