Analysts from DBS Group Research and RHB Group Research have maintained their “buy” calls on Prime US REIT, but have slashed their target prices on the stock.DBS analysts Rachel Tan and Derek Tan have cut their target price from 88 US cents ($1.23) to 60 US cents, while RHB’s Vijay Natarajan t...

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 9):

THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 9):

PRIME US Reit’s distributable income for the third quarter ended Sep 30 fell 4 per cent to US$19.2 million from a year ago, following a 6.1 per cent decrease in net property income (NPI) to US$24.2 million.

UOB Kay Hian (UOBKH) is keeping its “overweight” rating on the Singapore REITs (S-REITs) space with a preference on the US REITs listed on Singapore Exchange (SGX).This came on the back of the US office market eking out a mild 1.4% y-o-y increase in asking rent in 2Q2022 despite a slowdown in le...

RHB Group Research analyst Vijay Natarajan has maintained his “overweight” rating for US office REITs, despite the sector being down 35% year-to-date (ytd) on the back of concerns over empty office buildings, sharp interest rate hikes and fears of a possible deep recession.In comparison, Singapo...

PhillipCapital analyst Darren Chan has maintained his “buy” call on Prime US Reit but with a lower target price of 88 US cents ($1.23), down from his previous figure of US$1.Chan explains that the lower target price was due to a forecasted increase in the cost of equity capital (COE) for the Rei...

With effect from Sept 26, iFast Corp, IGG Inc, Olam Group and Yangzijiang Financial Holding will exit the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index.While these four companies take their leave off the index, six companies have been included into the index, namely CapitaLand Investment, L...

UOB Kay Hian analyst Jonathan Koh has maintained his “overweight” call on the overall Singapore REITs (S-REITs) sector, even as the sector declined in the two weeks from Aug 16-31.The FTSE ST Real Estate Investment Trusts Index declined 4.3% in the past two weeks, underperforming the bench Strai...

UOB Kay Hian has maintained its “overweight” rating on the Singapore REIT (S-REIT) sector.Analyst Jonathan Koh notes that S-REITs has in the first two weeks of August suffered a mild decline, but has underperformed the Straits Times Index (STI) by 1.8%. Inflation has also moderated with US CPI e...

With strong rental reversion and more than 9% yield, market pessimism on US office-focused Prime US REIT is “likely overdone”, say analysts.RHB Group Research analyst Vijay Natarajan is mtaining "buy” on Prime with a lower target price of US$1 ($1.37) from US$1.02 previously. The new target pr...

A MAJOR tenant departure is expected to drag down the earnings of Prime US Real Estate Investment Trust (Reit) in the third quarter of the year.

THE following companies saw new developments that may affect trading of their securities on Thursday (Aug 4):

Prime US REIT, which holds a portfolio of 14 US office properties worth US$1.7 billion, has reported a distribution unit of 3.52 cents for 1HFY2022 ended June, up 5.7% y-o-y.The distribution will go ex on Aug 11 and be paid on Sept 26.Net property income for the REIT in the same period was US$50.8 m...

PRIME US Reit reported on Wednesday (Aug 3) a 5.7 per cent year-on-year increase in distribution per unit (DPU) for the first half ended Jun 2022, on the back of higher gross revenue and net property income.