In my article last week on the Top 5 High Yielding REITs to buy right now, I listed Prime REIT as one of the better high yielding REITs to buy. Having had the chance to go through the prospectus, I kinda still agree with my original assessment.

Let’s take a closer look.

Basics

Prime REIT has been covered quite extensively by some of the other bloggers out there (see here and here), so you can check those articles out for a brief introduction.

Very simply, Prime REIT is a US Office REIT. The closest equivalent REIT in Singapore will be Manulife REIT.

Prime REIT holds 11 assets across US, with a total asset valuation at IPO of 1.2 billion USD. I’ve set out the location of the assets below, and it’s pretty well diversified.