- Prime US REIT's 2H22 and FY22 DPU came in slightly below expectations, and the portfolio valuation decline of 6.7% was at the lower end of our anticipated range. However, rent reversions remained strong, with occupancy showing signs of stabilising.
- - Read this at SGinvestors.io -
- Prime US REIT's gearing remains within regulatory limits, and its relatively well-hedged debt position shields from rate hikes.
Prime US REIT's 2H DPU down 12.2% y-o-y
- Prime US REIT (SGX:OXMU)'s 2H DPU down 12.2% y-o-y, hit by the absence of termination income, lower occupancy, and higher finance costs. Overall (FY22) DPU fell 3.4% y-o-y – coming in at 95% of our full-year forecasts.
- - Read this at SGinvestors.io -
Occupancy volatility likely…
- Read more at SGinvestors.io.
