The REIT’s revenue for 1QFY2025 increased marginally to US$33.6 million from the US$34.2 reported in 1QFY2024. However, including its divested assets, this revenue declined slightly from the US$37.1 million reported in the quarter a year ago.
Prime US REIT has reported a net property income (NPI) of US$17.7 million ($23.10 million) for the 1QFY2025 ended March 31, 2025, down 7.33% y-o-y from the US$19.1 million reported in the same period a year ago.
The REIT’s distributable income for the reporting period came in at US$8.4 million, down 24.3% from the US$11.1 million in 1QFY2024.
