Prime US REIT DPU decreases by 33% YoY in H1 2025

The DPU for H1 2025 is $0.15 (US$0.12).

Prime US REIT (PRIME) has reported a 33% year-on-year (YoY) decline in its distribution per unit (DPU) for the first half of 2025 at $0.15 (US$0.12), but maintained a 10% payout ratio of distributable income.

For H1 2025, PRIME’s net property income decreased by 11.6% YoY to $45.97m (US$35.83m) while its distributable income decreased by 28.6% YoY to $21.42m (US$16.7m).

PRIME’s gross revenue for H1 2025 was $86.33m (US$67.3m), a decrease compared to the recorded $94.29m (US$73.5m) during the same period a year ago.

The decline was mainly attributed to the divestment of One Town Centre in July 2024 and higher finance expenses.

According to PRIME, its finance expenses for H1 2025 were $26.43m (US$20.6m), an increase compared to $18.99m (US$14.8m) in H1 2024, mainly due to increases in finance costs on the unhedged portion of borrowings and incremental drawdowns on debt facilities for capital expenditures.