To DBS analysts Rachel Tan and Derek Tan, the REIT is currently trading at an 8% yield and 0.9 times price-to-net asset value (P/NAV) for the FY2021, which they deem as “attractive” as interest rates are still at low levels.
Analysts from DBS Group Research, Maybank Kim Eng and RHB Group Research have maintained their “buy” calls on Prime US REIT, while PhillipCapital has kept its “accumulate” recommendation on Prime US REIT despite the lower distribution per unit (DPU) reported for the 1HFY2021 ended June.
During the period, Prime US REIT saw a 5.4% decline in DPU to 3.3 US cents (4.482 cents) from 3.5 US cents previously due to higher property expenses.
