SINGAPORE (June 24): US office REITs are enjoying strong portfolio resiliency amid the economic uncertainty of Covid-19. DBS Research’s Rachel Tan and Derek Tan have reported healthy rent collections of more than 90% in the April-May period and portfolio occupancy of 94-97% as of 1Q20. On top of t...

THE manager of Prime US Reit has appointed Harmeet Singh Bedi as its new deputy chief executive officer (CEO) and chief financial officer (CFO), it said in a bourse filing on Tuesday.

Submitted By:  Staff Reporter Case Study:  No The outpermance is driven by acquisition of Park Tower in Sacramento. Prime US REIT's net property income (NPI) ex...

IN A business update, Prime US Reit on Tuesday announced that its first-quarter net property income stood at US$23.5 million, exceeding IPO projections by 6.7 per cent.

THE following companies saw new developments that may affect trading of their securities on Monday:

SINGAPORE (Mar 20): DBS Group Research has “buy” call on all three US office Singapore REITs. It has target prices of $1.15 on Manulife US REIT, $1.05 on Prime US REIT and 90 cents on Keppel Pacific Oak US REIT. Following the recent development of the Covid-19 spreading to North America and Eur...

Submitted By:  Clarist Zablan Case Study:  No This will fund its acquisition in California. Mainboard-listed Prime US REIT has issued 125.39 million units priced $1...

ABOUT 125.4 million new units in Prime US Reit will start trading on the Singapore bourse at 9am on Friday.

MAYBANK Kim Eng has reiterated its "buy" call on Prime US Reit, raising its target price to US$1.10 from US$1 on Wednesday.

PRIME US Reit is shelling out S$165.5 million for a US property located in Sacramento, California - its first property acquisition following its initial public offering (IPO) in July 2019.