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 REIT sees increased occupancy at US assets in Q3
Prime REIT sees increased occupancy at US assets in Q3
The firm’s Washingtonian and Utah portfolios saw 85% and above 90% occupancy, respectively.
Prime US REIT appoints new board chairman
Professor Annie Koh has announced her retirement from the position.
Prime US REIT’s leasing volume doubles to 209,800 sq ft in Q3
In Q2, it recorded a leasing volume of 97,300 sq ft.
Prime US REIT’s distributable income drops 14.0% YoY to US$23.3m
The REIT credited the drop to higher finance costs and lower occupancy.
Prime US REIT divests One Town Center to Miles Capital for US$82m
It sold the property below its valuation.
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.
Harmeet Singh Bedi takes over as Prime US REIT CEO
He began his stint as CEO on 8 March.
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.
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