However, taking into account "elevated macroeconomic uncertainties", he has lowered his valuation multiple from 0.4x FY2025 P/BV to 0.3x, leading to a reduced target price of 18 US cents, down from 23 US cents.
Vijay Natarajan of RHB Bank Singapore has kept his "buy" call on Prime US REIT (SGX:OXMU
) following 1QFY2025 results that were in line with his expectations.
"The impact of US tariff policies has been muted so far, with the REIT highlighting active lease negotiations and anticipating two large lease signings," says Natarajan in his May 15 note.
