Shares & Derivatives
Prime US REIT Review @ 2 June 2022
By REIT-TIREMENT  •  June 2, 2022
Basic Profile & Key Statistics
  • Main Sector(s): Office
  • Country(s) with Assets: United States
  • of Properties (exclude development/associate/fund): 14
Performance Highlight Gross revenue, NPI and distributable income increased YoY due to contribution from One Town Center and Sorrento Tower which were acquired in July 2021. Distributable income improved more than NPI is due to amortized lease termination income. Rental Reversion Rental reversion is at 3.4% for 1Q 2022. Sensitivity to Interest Rate For every 1% increase in interest rate, the impact to DPU is less than 0.1 cents, which is around 1.4%. Related Parties Shareholding
  • REIT sponsor's shareholding: Below median for more than 20%
  • REIT manager's shareholding: Below median for more than 20%
  • Directors of REIT manager's shareholding: 0%
Lease Profile
  • Occupancy: Below median for more than 5%
  • WALE: ± 10% from median
  • Highest lease expiry within 5 years: Below median for more than 20%; Falls in 2023
  • Weighted average land lease expiry: 100% freehold properties
Debt Profile
  • Gearing ratio: ± 10% from median
...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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