Shares & Derivatives
Prime US REIT Review @ 17 February 2023
By REIT-TIREMENT  •  February 17, 2023
Basic Profile & Key Statistics Main Sector(s): Office Country(s) with Assets: United States No. of Properties (exclude development/associate/fund): 14 Key Indicators Performance Highlight Gross revenue, NPI, income available for distribution and DPU declined yoy mainly due to high property expenses, finance expenses and the absence of a termination fee which was received in 2H 2021. Rental Reversion Rental reversion for 4Q is at a positive 20.2%. Distribution Breakdown Distributable Income Breakdown: 91.7% from Operation 0.1% from Release of Retention/Capital 8.2% from Fees Payable/Paid in Units Distribution = 100% of Distributable Income 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: Above median for more than 10% Cost of Debt: ± 10% from median Fixed Rate Debt %: ± 10% from median Unsecured Debt %: 0% WADM: Below median for more than 20% Highest Debt Maturity within 5 Years: Above median for more than 20%; Falls in 2024 Interest Coverage Ratio: Above median for more than 10%
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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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