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Securities

Prime US REIT

OXMU.SI : Singapore Exchange

0.177

+2.31%

Share Price in USD. As of 04 Oct 13:28:38 SGT

Prime US REIT
0.177
+2.31%
All

Chart

Key stats

Prime US REIT’s share price has decreased by 18.9% over the past 1 year. It has underperformed the Singapore stock market during this period.

Share Price Performance

  • 52 Week Range

    $0.079 - 0.241

  • Price vs 5-year high/low

    Not close

  • OXMU.SI Market
    1 Month -5.9% 4.0%
    YTD -20.5% 10.8%
    1 Year -18.9% 10.4%
    5 Year -79.6% 11.0%
Valuation
Financial
Dividend

Recently happened to Prime US REIT

Prime US REIT has announced 1Q2024 financial update.

Earnings

View earnings highlights
Beansprout Analysis

Beansprout's Checklist

Fundamental

  • Occupancy Rate of 80.9% is lower than sector average of 88.3%

  • Net property income yield of 6.68% is higher than its dividend yield of 0%

Financial

  • Gearing Ratio of 0.48x is higher than sector average of 0.45x

  • Interest Coverage Ratio of 2.9x is above 2.5x

  • Net Book Value of $0.60 is lower than its net book value of $0.75 in the previous year

Valuation

  • No Dividend Yield data available

  • Distribution per unit growth is -58.63%

  • Price to Book of 0.32x is lower than sector average of 0.55x

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Revenue Breakdown by Asset

Revenue Breakdown by Geography

Market Analysis

Consensus Share Price Target

Prime US REIT’s price target is $0.244, according to consensus estimates as of 04 Oct 2024. Prime US REIT’s with a price target of $0.244 and current price of $0.177, has an upside potential of 37.9%.

Price Target: $0.244

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 04 Oct 2024

Analyst Ratings

  • DBS Research

    23 Feb 2024

    Hold

    (prev Buy)

    0.070

  • Phillip Securities

    13 May 2024

    Add

    (prev Buy)

    0.120

    (prev 0.300)

  • RHB Invest

    21 May 2024

    Buy

    0.230

  • UOB Kay Hian

    11 Mar 2024

    Buy

    0.450

Analyst Reports

Valuation
Earnings
Financials
News
Profile

Company Description

Listed on 19 July 2019 on the Main Board of the Singapore Exchange, Prime US REIT (“PRIME”) is a well diversified real estate investment trust ("REIT") focused on stabilised income-producing prime office assets in the United States ("U.S."). With the objectives to achieve long-term growth in distributions per unit and net asset value per unit while maintaining a robust capital structure, PRIME offers investors unique exposure to a high-quality portfolio of 14 Class A freehold office properties, strategically-located in 13 key U.S. office markets, with a portfolio carrying value of about US$1.66 billion.