Shares & Derivatives
Prime US REIT Review @ 13 November 2022
By REIT-TIREMENT  •  November 13, 2022
Basic Profile & Key Statistics
  • Main Sector(s): Office
  • Country(s) with Assets: United States
  • of Properties (exclude development/associate/fund): 14
Key Indicators Performance Highlight For 3Q, despite an increase in gross revenue, NPI and income available for distribution have declined yoy mainly due to a decline in occupancy, which includes WeWork who vacated in 4Q2021 and Whitney Bradley & Brown in 3Q2022. Rental Reversion Rental reversion for 2Q is at positive 10.1%. 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: Above median for more than 20%
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 2025
  • Weighted average land lease expiry: 100% freehold properties
Debt Profile
  • Gearing ratio: ± 10% from median
  • Cost of debt: Above median for more than 10%
  • Fixed rate debt %: Above median for more than 10%
  • Unsecured debt %: 0%
  • WADM: Below median for more than 20%
...
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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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