Prime US REIT - UOB Kay Hian 2023-02-10: Stellar Positive Rental Reversion In 2H22

Prime US REIT - Stellar Positive Rental Reversion In 2H22

Published:
PRIME US REIT (SGX:OXMU) | SGinvestors.ioPRIME US REIT (SGX:OXMU)
  • Prime US REIT’s 2H22 financial performance was affected by the bunching up of expenses as it prepares to welcome more employees back to the office. It is able to continue generating positive rental reversion as in-place passing rent was 6.3% below asking rent in 2023.
  • - Read this at SGinvestors.io -
  • Valuation remains attractive with 2023 distribution yield at 12.5% and P/NAV at 0.65x. Maintain BUY on Prime US REIT with target price at US$0.76.

Prime US REIT's 2H22 Results



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