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Prime US REIT reports lower DPU of 0.29 US cents for FY2024 to preserve distributable income for capex needs

Nicole Lim
Nicole Lim • 2 min read
Prime US REIT reports lower DPU of 0.29 US cents for FY2024 to preserve distributable income for capex needs
The REIT’s DPU is based on the number of units entitled to distribution for 2HFY2024 and FY2024, taking income account bonus issue of new units on 1 bonus unit to 10 existing units. Photo: Prime US REIT
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Prime US REIT has reported a distribution per unit (DPU) of 0.29 US cents (0.39 cents) for the FY2024 ended Dec 31, 2024, 88.2% y-o-y lower than the DPU of 2.46 US cents declared in FY2023. 

Accordingly, the REIT’s 2HFY2024 DPU came in 51.6% y-o-y lower at 0.11 US cents. 

This DPU is based on the number of units entitled to distribution for 2HFY2024 and FY2024 of 1,308,259,171. 

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