Committed portfolio occupancy improved to 83.1% as at Mar 31, with the weighted average lease expiry (WALE) at 5.6 years. Almost all leases carry annual rent escalations of 2% to 3%, providing a built-in, contractual income growth mechanism.
In 1Q2026 business updates, Prime US REIT made progress during the quarter with further improvements in portfolio occupancy, financial metrics, and leasing momentum. The REIT’s manager secured approximately 99,000 square feet of leasing volume in 1Q2026, with a positive rental reversion of +4.0%.
In late March 2026, Prime US REIT signed an 11-year lease for approximately 40,000 square feet with S&P Global at Village Center Station I in Greenwood Village, within the Denver, Colorado primary market. The new lease increased committed occupancy at Village Center Station I from 63.0% to 80.1%. This signing follows a series of large long-term leases at other assets in the portfolio such as Park Tower in Sacramento and Waterfront at Washingtonian in Gaithersburg.
