Prime US REIT’s recent signing of a long anchor tenant lease indicates that the demand for US office space remains resilient despite tariff announcements. We expect another major lease signing by end-3Q25 and overall (FY25F) portfolio occupancy to be higher y-o-y, thereby boosting asset valuations.
- Read this at SGinvestors.io -
Signs anchor tenant lease on 120k sqf at Waterfront At Washingtonian (WAW) for a minimum 11-year term.
The tenant is a US advanced clean energy and fuel design engineering company that is backed by a global e-commerce giant. With this, the occupancy rate of the asset is expected to rise to >85%, marking a ~35% increase since 1Q25. The improved occupancy rate, coupled with long-term cash flow visibility, should also lift WAW’s valuation.
- Read this at SGinvestors.io -
Prime US REIT also signed a new 43,000 sqf lease in mid- June at Village Centre Station I, with a leading global engineering and consultancy firm, which should boost occupancy by ~20%.
Park Tower in the advanced stages of a large anchor lease signing.
Read more at SGinvestors.io.
Above is an excerpt from a report by RHB Securities Research. Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.
