This brings its full-year DPU to 0.61 UScts, more than doubling from 0.29 UScts in FY2024.
Derek Tan of DBS Group Research has kept his "buy" call and 35 US cents target price on Prime US REIT, cheered by the REIT's plan to up its payout ratio to 65% from 50% now, which in turn, was already an increase from just 10% previously.
On Feb 11, the REIT announced its 2HFY2025 DPU of 0.49 US cents, an increase from just 0.11 US cents paid in 2HFY2024.
