Basic Profile & Key Statistics Prime US REIT (PRIME) is a pure office REIT with 12 properties in U.S.
Performance Highlight Gross revenue increased by 2.5% YoY, but NPI and distributable income decreased YoY by 2% and 1.2% respectively.
Rental reversion is at a positive 9.5%.

Related Parties Shareholding

REIT sponsor's shareholding is low at 0.91%REIT manager's shareholding is low at 0.49%Directors of REIT manager's shareholding is high at 1.45%
Lease Profile

Occupancy is slightly low at 91.7%WALE is long at 4.3 yearsHighest lease expiry within 5 years is low at 19.3% which falls in 2025All properties are freehold
Debt Profile

Gearing ratio is low at 33.8%Cost of debt is high at 2.8%Fixed rate debt % is high at 90%All debts are secured debtsWADM is long at 3.8 yearsHighest debt maturity within 5 years is slightly high at 33% which falls in 2023 and same for 2024Interest coverage ratio is high at 5.8 times
Diversification Profile...