Prime US ReitUSD    Last:0.16   -

Prime US Reit SGX debut 19 JUL 2019

Virtually impossible they need restructuring.period.

marketuncle      ( Date: 21-Feb-2024 11:11) Posted: suspending distribution and single digit drop in ppty valuation like KORE likely already priced in. Anything more than that (e.g. loan restructuring like, much higher devuation in ppty like MUST etc) will cause it to plunge even more.  piscesmonkey      ( Date: 21-Feb-2024 10:17) Posted: once result out it will go up liaoz.sicne already priced in

 

suspending distribution and single digit drop in ppty valuation like KORE likely already priced in. Anything more than that (e.g. loan restructuring like, much higher devuation in ppty like MUST etc) will cause it to plunge even more. 

piscesmonkey      ( Date: 21-Feb-2024 10:17) Posted: once result out it will go up liaoz.sicne already priced in? piscesmonkey      ( Date: 21-Feb-2024 09:42) Posted: Bought 102 100lots rebound soo

 

I don' t care. I bought because YOLO

 

Since Prime is slightly cheaper than Kore, it would be a better buy for now. 

 

once result out it will go up liaoz.sicne already priced in?

piscesmonkey      ( Date: 21-Feb-2024 09:42) Posted: Bought 102 100lots rebound soon piscesmonkey      ( Date: 21-Feb-2024 09:29) Posted: Price in before result out???

 

Prime is supported at 10ct. Buy away .

 

Bought 102 100lots rebound soon

piscesmonkey      ( Date: 21-Feb-2024 09:29) Posted: Price in before result out???

 

Price in before result out???

 

Kore12.7 Converging to Prime price as expected.

 

Kore buildings r a little older. So need more capital to maintain. In any case, the main reasons these 3 reits were hit is almost purely dependent on mortgage IR rise. They will come back, given time , once they delever. By cutting dividend, Kore wld save up to 50 to 60million a yr , to clear debt. Within 2 yrs , their leverage ratio wld be easily in the 35% range which is Excellent for a reit. This is same for Prime, debt is 670m , distributable income is abt 55m a yr.... even IF prime stops div for 2y , their debt wld be down to 550m , crazy low compared to their assets which is easily above 1.4BILLION. 10ct is a GIFT for Prime.

Alignment      ( Date: 19-Feb-2024 20:40) Posted: One other point I took away from KORE&rsquo s presentation related to the US commercial estate market as a whole, which is that unlike the Singaporean market the US market constantly requires more capex. If this is the case then US commercial properties are inherently unsuitable to be held in REIT structures. If you want to invest in office REITs which don&rsquo t face the risk of overleveraging due to heavy capex requirements then you should focus on those that invest in Singaporean properties like Keppel REIT and OUE REIT.

 

One other point I took away from KORE&rsquo s presentation related to the US commercial estate market as a whole, which is that unlike the Singaporean market the US market constantly requires more capex. If this is the case then US commercial properties are inherently unsuitable to be held in REIT structures. If you want to invest in office REITs which don&rsquo t face the risk of overleveraging due to heavy capex requirements then you should focus on those that invest in Singaporean properties like Keppel REIT and OUE REIT.

 

Today's support at around 0.100. tomorrow should be lower..🤔

Stocky901      ( Date: 19-Feb-2024 11:30) Posted: all sold down before results.. those bought today all trapped 😕 😕 tomorrow t+4 another round throw down.. be careful..🤔

 

We will see KORE price converge w Prime. And if Prime results are better or more stable thankore, they will easily overtake. The current trade is, to short kore and buy prime.

 

all sold down before results.. those bought today all trapped 😕 😕 tomorrow t+4 another round throw down.. be careful..🤔

 

most probably way below 10 cts but above 5 cts.

in terms of biz health (in terms of vacancies, leverage etc) KORE > PRIME > MUST
so in terms of price (ie. value) should be the same too. 

 

Once result annouce. Prine going 7cents?

 

KORE mgt is just being prudent. Even if they divert all distribution towards loan repayment, can at most barely cover the debt due this year. It won' t be able to refinance the debt due subsequently. Hence quite sure if PRIME will have to follow suit. In fact, it has debt due even sooner this yr.

 

kore mgt has set the bar so low even a token dividend will make prime pump. anyway we shall see. competition is always good esp if competitors are brought up during agm.

delsolvtec      ( Date: 18-Feb-2024 17:01) Posted: Kore management was too cocky. I remember them saying that they had this under control in an article written last year in the second half of 2023. Note that last year they did not take evaluation Hit but Prime already underwent a devaluation. Basically, kore is at evaluation points where Prime was last 2023. They had not bittenn the bullet yet. Primes buildings have been very recently refurbished and do not need much Capital maintenance onlinekore. If somehow Prime maintains dividend it will overtake in share price and will most likely hit 20 cents. Close my shorts of 3 million shares at 11 cents and now we look forward to Thursday. Alignment      ( Date: 17-Feb-2024 22:22) Posted: Look at the KORE presentation. They are saying that Prime (and Manulife) is underinvesting with a resulting impact on occupancy.  Rare to see a company be so openly critical of peers in this way. Things must be desperate in the industry.

 

I wish you good fortune in the wars to come.

 

Kore management was too cocky. I remember them saying that they had this under control in an article written last year in the second half of 2023. Note that last year they did not take evaluation Hit but Prime already underwent a devaluation. Basically, kore is at evaluation points where Prime was last 2023. They had not bittenn the bullet yet. Primes buildings have been very recently refurbished and do not need much Capital maintenance onlinekore. If somehow Prime maintains dividend it will overtake in share price and will most likely hit 20 cents. Close my shorts of 3 million shares at 11 cents and now we look forward to Thursday.

Alignment      ( Date: 17-Feb-2024 22:22) Posted: Look at the KORE presentation. They are saying that Prime (and Manulife) is underinvesting with a resulting impact on occupancy.  Rare to see a company be so openly critical of peers in this way. Things must be desperate in the industry.