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Prime US Reit SGX debut 19 JUL 2019

 Post Reply 1561-1580 of 1859
 
Sgvale     15-Nov-2023 19:46  
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Straight line up
 
 
tofudidi     15-Nov-2023 14:39  
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as mentioned, going back 160. hehehe

tofudidi      ( Date: 15-Nov-2023 08:34) Posted:

pushing back to high 160.. strong US and HSI... 

 
 
Midtermer     15-Nov-2023 10:36  
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160 coming before lunch? Need Manu to BO 94. Cheers

Midtermer      ( Date: 14-Nov-2023 23:46) Posted:

Looks like maybe possible tomorrow? If US market closes high tonight. Cheers

biper66      ( Date: 13-Nov-2023 09:06) Posted:

I think prime will move back to the highs of 16/16.4
Anyone with differing views


 

 
Casilb     15-Nov-2023 08:44  
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gap up today hmm
 
 
tofudidi     15-Nov-2023 08:34  
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pushing back to high 160.. strong US and HSI... 
 
 
graham73     15-Nov-2023 08:27  
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The largest US Office REITs are:- Alexandria Real Estate Inc. (ARE) and Boston Properties Inc. (BXP). They are bellweathers of the US office REITs. And foretell the general market direction for US office REITS. The 3 US office REITs listed on SGX (MUST,Prime,KORE) have a strong price correlation with ARE and BXP, with a time delay pattern of 2-3 weeks.
 

 
Midtermer     14-Nov-2023 23:46  
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Looks like maybe possible tomorrow? If US market closes high tonight. Cheers

biper66      ( Date: 13-Nov-2023 09:06) Posted:

I think prime will move back to the highs of 16/16.4
Anyone with differing views?

Stocky901      ( Date: 09-Nov-2023 14:56) Posted:

Today shortists win big..👍 ✌ ️


 
 
tofudidi     14-Nov-2023 14:08  
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Heading back above 140. Bb train moving.. hehehe
 
 
marketuncle     13-Nov-2023 11:01  
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Provided 2 catalyst events happen:
#1. Fed resolutely announced pause in rate hike.
#2. PRIME successfully refinanced all its debts due next year. 

until then... 
 
 
biper66     13-Nov-2023 09:06  
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I think prime will move back to the highs of 16/16.4
Anyone with differing views?

Stocky901      ( Date: 09-Nov-2023 14:56) Posted:

Today shortists win big..👍 ✌ ️

FrancisLim      ( Date: 09-Nov-2023 14:39) Posted:

Good News


 

 
Stocky901     09-Nov-2023 14:56  
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Today shortists win big..👍 ✌ ️

FrancisLim      ( Date: 09-Nov-2023 14:39) Posted:

Good News?

Joelton      ( Date: 08-Nov-2023 11:16) Posted:

Prime US Reit Q3 distributable income down 23.4% to US$14.7 million
 
PRIME US Reit&rsquo s distributable income for the third quarter ended Sep 30, 2023 fell 23.4 per cent to US$14.7 million from US$19.2 million a year ago, said the manager on Tuesday (Nov 7) in a business update.
 
Net property income fell 3.3 per cent to US$23.4 million, from US$24.2 million in the corresponding year-ago period. Gross revenue was down 0.9 per cent to US$40.2 million, from US$40.6 million a year ago.
 
The real estate investment trust (Reit) manager said it has elected to receive its full base fee for FY2023 in cash. This is opposed to its previous arrangement of 20 per cent in cash and 80 per cent in the form of units.
 
If its base fee was also paid fully in cash in the same period last year, income available for distribution in Q3 would have been 16.6 per cent lower than the adjusted figure of US$17.7 million a year ago.
 
Overall occupancy stood at 85 per cent, with occupancy at eight of the Reit&rsquo s 14 assets posting rates above the sub-market, which stood at 81.3 per cent. The portfolio had a weighted average lease expiry of 3.8 years as at Sep 30.
 
Rental reversion for the third quarter came in negative at 2 per cent. This was predominantly affected by one lease, which was at a rate lower than the prior short-term extension rate, said the manager.
 
The Reit&rsquo s leverage stood at 43.7 per cent, with an interest coverage of 3.2 times. It has a debt headroom of US$203.6 million.
 
Amid cyclical headwinds in a high-interest-rate environment, the manager said it expects improvement in the US office environment in 2024 and noted positive leasing momentum, with notable leasing discussions taking place at several of the Reit&rsquo s assets.
 
It added that it plans to focus on backfilling existing vacancies, and proactively addressing 2024 and 2025 expiries.


 
 
marketuncle     09-Nov-2023 14:52  
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Not good news until debt due 2024 is refinanced. 
 
 
FrancisLim     09-Nov-2023 14:39  
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Good News?

Joelton      ( Date: 08-Nov-2023 11:16) Posted:

Prime US Reit Q3 distributable income down 23.4% to US$14.7 million
 
PRIME US Reit&rsquo s distributable income for the third quarter ended Sep 30, 2023 fell 23.4 per cent to US$14.7 million from US$19.2 million a year ago, said the manager on Tuesday (Nov 7) in a business update.
 
Net property income fell 3.3 per cent to US$23.4 million, from US$24.2 million in the corresponding year-ago period. Gross revenue was down 0.9 per cent to US$40.2 million, from US$40.6 million a year ago.
 
The real estate investment trust (Reit) manager said it has elected to receive its full base fee for FY2023 in cash. This is opposed to its previous arrangement of 20 per cent in cash and 80 per cent in the form of units.
 
If its base fee was also paid fully in cash in the same period last year, income available for distribution in Q3 would have been 16.6 per cent lower than the adjusted figure of US$17.7 million a year ago.
 
Overall occupancy stood at 85 per cent, with occupancy at eight of the Reit&rsquo s 14 assets posting rates above the sub-market, which stood at 81.3 per cent. The portfolio had a weighted average lease expiry of 3.8 years as at Sep 30.
 
Rental reversion for the third quarter came in negative at 2 per cent. This was predominantly affected by one lease, which was at a rate lower than the prior short-term extension rate, said the manager.
 
The Reit&rsquo s leverage stood at 43.7 per cent, with an interest coverage of 3.2 times. It has a debt headroom of US$203.6 million.
 
Amid cyclical headwinds in a high-interest-rate environment, the manager said it expects improvement in the US office environment in 2024 and noted positive leasing momentum, with notable leasing discussions taking place at several of the Reit&rsquo s assets.
 
It added that it plans to focus on backfilling existing vacancies, and proactively addressing 2024 and 2025 expiries.

 
 
SmallSmall     09-Nov-2023 09:53  
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Prime US REIT (PRIME SP)       BUY

3Q23: Closing In On Several Leasing Discussions
Analysts: Jonathan Koh, CFA   Tel: (65) 6590 6620
  • PRIME has maintained portfolio occupancy stable at 85% despite executing 145,600sf of leases, predominantly renewals, in 3Q23.
  • PRIME is closing in on several leasing discussions, which have the potential to significantly improve occupancies at Village Center Station I in Denver (technology company) and Park Tower in Sacramento (government department).
  • Maintain BUY. Target price: US$0.53. Valuation is attractive with 2024 distribution yield at 19.2% and P/NAV at 0.38x.
  •  
 
 
SmallSmall     08-Nov-2023 11:24  
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Positive soon ...
 

 
Joelton     08-Nov-2023 11:16  
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Prime US Reit Q3 distributable income down 23.4% to US$14.7 million
 
PRIME US Reit&rsquo s distributable income for the third quarter ended Sep 30, 2023 fell 23.4 per cent to US$14.7 million from US$19.2 million a year ago, said the manager on Tuesday (Nov 7) in a business update.
 
Net property income fell 3.3 per cent to US$23.4 million, from US$24.2 million in the corresponding year-ago period. Gross revenue was down 0.9 per cent to US$40.2 million, from US$40.6 million a year ago.
 
The real estate investment trust (Reit) manager said it has elected to receive its full base fee for FY2023 in cash. This is opposed to its previous arrangement of 20 per cent in cash and 80 per cent in the form of units.
 
If its base fee was also paid fully in cash in the same period last year, income available for distribution in Q3 would have been 16.6 per cent lower than the adjusted figure of US$17.7 million a year ago.
 
Overall occupancy stood at 85 per cent, with occupancy at eight of the Reit&rsquo s 14 assets posting rates above the sub-market, which stood at 81.3 per cent. The portfolio had a weighted average lease expiry of 3.8 years as at Sep 30.
 
Rental reversion for the third quarter came in negative at 2 per cent. This was predominantly affected by one lease, which was at a rate lower than the prior short-term extension rate, said the manager.
 
The Reit&rsquo s leverage stood at 43.7 per cent, with an interest coverage of 3.2 times. It has a debt headroom of US$203.6 million.
 
Amid cyclical headwinds in a high-interest-rate environment, the manager said it expects improvement in the US office environment in 2024 and noted positive leasing momentum, with notable leasing discussions taking place at several of the Reit&rsquo s assets.
 
It added that it plans to focus on backfilling existing vacancies, and proactively addressing 2024 and 2025 expiries.
 
 
noobnub     08-Nov-2023 09:41  
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its thinly traded compared to manulife so up down and down faster

SmallSmall      ( Date: 08-Nov-2023 09:35) Posted:

Later will go positive perhaps

 
 
SmallSmall     08-Nov-2023 09:35  
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Later will go positive perhaps
 
 
noobnub     08-Nov-2023 09:28  
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Q to buy back 146

noobnub      ( Date: 08-Nov-2023 09:26) Posted:

round 2 shorted 151 small

 
 
noobnub     08-Nov-2023 09:26  
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round 2 shorted 151 small
 
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