- Prime US REIT will raise US$25mil via a private placement, issuing 129mil new units (9.9% of current units) at US$0.1935 per unit (~10% discount to 24 Sep 2025 VWAP, see Prime US REIT's announcements). The proceeds will be used to fund capital expenditure, tenant incentives, leasing costs to attract/retain tenants, and meet existing tenant obligations.
- - Read this at SGinvestors.io -
Private Placement to fund growth
- - Read this at SGinvestors.io -
- The capital raised is crucial for activating signed leases and supporting upcoming leasing commitments, paving the way for sustainable higher payouts.
Maintain BUY with a higher target price and DPU forecast.
- Read more at SGinvestors.io.