To change things up for this post, I will be turning my focus to a small-cap REIT instead, in the form of Prime US REIT.
For those who are unaware, Prime US REIT only debuted on SGX last year, on 19 July 2019. With an IPO price of US$0.88, the REIT has since fallen below its IPO price, closing at US$0.795 (as of 5 Sep 2020).
Looking at Prime US REIT’s performance since its IPO, there is actually really nothing much to rave about. Source: Prime US REIT stock chart
Prior to the price decline during the market correction in March this year, Prime US REIT can be considered to be performing steadily. However, its recovery