Shares & Derivatives
Prime US REIT Review @ 24 May 2023
By REIT-TIREMENT  •  May 24, 2023
Basic Profile & Key Statistics Main Sector(s): OfficeCountry(s) with Assets: United StatesNo. of Properties (exclude development/associate/fund): 14 Key Indicators Performance Highlight Gross revenue and NPI, income available for distribution declined YoY mainly due to lower gross revenue arising from occupancy decline, high property expenses, and finance expenses. As the Manager has elected to receive 100% of its base fee for 2023 in cash, the decline would be 28.7%. For a like-for-like comparison in 2 cases, the decline is at 22.5%. Rental Reversion Rental reversion for 1Q is at -2.6%. Related Parties Shareholding REIT Sponsor's Shareholding: Below median by 20% or moreREIT Manager's Shareholding: Below median by 20% or moreDirectors of REIT Manager's Shareholding: Above median by 20% or more Lease Profile Occupancy: Below median by 5% or moreWALE: ± 10% from medianHighest Lease Expiry within 5 Years: Below median by 10% or more; Falls in 2025Weighted Average Land Lease Expiry: 100% freehold properties Debt Profile Gearing Ratio: Above 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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