- Prime US REIT (SGX:OXMU)'s 1Q26 NPI and DI declined 2.8% and 22.6% y-o-y to US$17.2mil and US$6.4mil, respectively, in line with expectations and forming 24% and 23% of our FY26e forecasts. The decline was due to lease expiries and rent-free periods associated with newly signed leases.
- - Read this at SGinvestors.io -
- Assuming a 65% payout ratio in FY26e, the current Prime US REIT's share price implies a DPU yield of 7.3%.
The Positive
Improving portfolio fundamentals
- - Read this at SGinvestors.io -
- With 11% of occupancy staggered to commence cash rentals from 3Q26 and only 5.4% of leases by rental income due for renewal in FY26, Prime US REIT is well-positioned to deliver higher cash rental income and improved earnings visibility going forward.
The Negative
Expect all-in interest costs to edge up
- Read more at SGinvestors.io.
Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
Darren Chan Phillip Securities Research | https://www.poems.com.sg/ 2026-05-14
Previous report by Phillip:
2026-02-16 Prime US REIT - Higher Payout Ratio Backed By Cash Flow Visibility.
Price targets by 2 other brokers at Prime US REIT Target Prices.
Listing of research reports at Prime US REIT Analyst Reports.
Relevant links:
Prime US REIT Share Price History,
Prime US REIT Announcements,
Prime US REIT Dividend Payout Dates & Corporate Actions,
Prime US REIT News
