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Broker's Calls
PhillipCapital and RHB analysts lower TP for Prime US REIT, but keep 'buy' calls
PhillipCapital has lowered its target price for Prime US REIT to US 37 cents, while RHB has lowered to 35 US cents.
November 09, 2023
Results
Prime US REIT reports distributable income of US$14.7 mil for 3QFY2023, down 23.4% y-o-y
Gross revenue slipped by 0.9% y-o-y to US$40.2 million, while NPI fell by 3.3% y-o-y to US$23.4 million.
November 07, 2023
Broker's Calls
DBS downgrades Prime US REIT on high gearing, refinancing risks, falling occupancy
DBS Group Research has downgraded Prime US REIT to “hold” following its results for 1HFY2023 ended June.
August 11, 2023
Results
Prime US REIT reports DPU of 2.46 US cents for 1HFY2023, down 30.1% y-o-y
Unitholders will receive their DPUs on Sept 28.
August 08, 2023
Broker's Calls
Analysts cut Prime US REIT's TP following 1QFY2023 results
DBS Group Research analysts have slashed their target price to 33 US cents from 63 US cents previously.
May 12, 2023
Broker's Calls
'Rewards for the brave' who dare to bet on US office S-REITs now: DBS
“We believe that at 0.5x P/B, it is close to the bottom and awaiting a catalyst.”
March 31, 2023
REITs
US office REITs continue to face challenges
US REITs may continue to face challenges following declines in FY2022 and 2H2022 DPU.
February 10, 2023
Broker's Calls
Analysts stay positive on Prime US REIT, citing negatives priced in
Prime US REIT is still providing a “lucrative” yield of 12.5%
February 10, 2023
Results
Prime REIT’s 2HFY2022 DPU falls 12.5% y-o-y within challenging sector, messaging is cautiously optimistic
Prime US REIT reports lower 2H2022 and FY2022 DPU, lower valuations, higher gearing
February 09, 2023
Results
Prime US REIT reports 2HFY2022 DPU of 3.03 US cents, down 12.2% y-o-y
DPU for the FY2022 declined 3.5% y-o-y to 6.55 US cents.
February 08, 2023