- Prime US REIT’s 3Q24 operational numbers were in line but distributable income was slightly below.
- We recently visited three of its assets in California. Key takeaways being management’s pursuit for all-out leasing efforts that are slowly starting to bear fruit although the lead time remains long.
- - Read this at SGinvestors.io -
US election outcome a net positive for office demand but offset by likely delay in interest rate cuts.
- Managements of Prime US REIT views the recent election result as a net positive for US office market demand – Donald Trump’s tax cut proposals and policies are centred on creating more manufacturing jobs in the US, which in turn will likely spur employment for sectors such as R&D and production, as well as sales-related roles. Also, tariffs could prompt more multinational corporations (MNCs) to onshore jobs.
- - Read this at SGinvestors.io -
Good leasing momentum with occupancy improvement expected in the coming quarters.
- Read more at SGinvestors.io.
