Prime US ReitUSD    Last:0.16    -0.003

Prime US Reit SGX debut 19 JUL 2019

tankoksee      ( Date: 25-Jul-2023 15:44) Posted: back to 20 cts..otw Sgvale      ( Date: 25-Jul-2023 11:06) Posted: 190 lai

 

Any chance this will go back above 20 cents soon ?

( Invest only with the $ you can afford ) 

 

superstartup      ( Date: 25-Jul-2023 11:27) Posted: Manulife episode surely knock and will make sure Prime be on its toes In this aspect, a good lesson 8 Aug 03, when Prime released its result, we will get more details and also Prime has a longer runway to work on gearing issue (if indeed becomes an issue) with its main SSH, Temasek and Keppel (Analyst briefing 10 Aug) (Will offset the upcoming half-yearly dividend of 2.5c or slightly lesser amount from my cost of investment. Bring down my cost, then hold the reit for long term, high yield. But I bought small small only)

 

back to 20 cts..otw

Sgvale      ( Date: 25-Jul-2023 11:06) Posted: 190 lai Sgvale      ( Date: 25-Jul-2023 10:09) Posted: Pumping Up now

 

Manulife episode surely knock and will make sure Prime be on its toes
In this aspect, a good lesson
8 Aug 03, when Prime released its result, we will get more details and also Prime has a longer runway to work on gearing issue (if indeed becomes an issue) with its main SSH, Temasek and Keppel
(Analyst briefing 10 Aug)

(Will offset the upcoming half-yearly dividend of 2.5c or slightly lesser amount from my cost of investment. Bring down my cost, then hold the reit for long term, high yield. But I bought small small only)
 

 

190 lai

Sgvale      ( Date: 25-Jul-2023 10:09) Posted: Pumping Up now

 

MUST management is incompetant to the max.
Prime still have not shown incompetency YET.
I hope PRIME is not afraid to call for rights if there is a really a need. 
If MUST have call for rights @ below 15c when the share is 20c. It would not be in such situation. 
STRATEGIC REVIEW ? Pui



 

 

Pumping Up now

 

KORE and Prime REIT share some common SSH. To grow, better for both to merge to scale up is my humble view and dream    So I am vested in both to cover the dream realisation.

marketuncle      ( Date: 25-Jul-2023 08:39) Posted: Amongst the 3 listed here, KORE has the most resilient assets and they still manage to divest one under-rented ppty. PRIME is still stuck with a few poorly rented ones. So while both KORE and PRIME don' t have gateway city properties that undergo servere devaluation like MUST, between the two, PRIME likely will suffer a bigger drop than KORE in the next valuation. n3wbie      ( Date: 24-Jul-2023 20:25) Posted: Sadly a victim of MUST' s situation too as investors expect similar outcome & impact for Prime. Surprisingly KORE has held up much better relatively to these two US commercial REITs. Very painful for those long-term holders including those who had previously subscribed to their placements.

 

You can google " US office reits"
The list will come out
I usually follow SL Green, Vornado, Boston Properties
These 3 are huge reits, local comparable is Keppel Reit

Notwithstanding the size and different geographical location, other smaller office reits also start to chiong
Huge upward movement since early June

But please perform your own DD
And invest based on your own risk appetite

 

RaoRao      ( Date: 25-Jul-2023 08:38) Posted: Thanks for your input. What are your thoughts about the increasing WFH culture in america? This worries me alittle.  US office reits over at US Exchanges keep chiong-ing< -- just wondering which REIT are you talking about?  superstartup      ( Date: 24-Jul-2023 21:00) Posted: But Prime has Temasek and Keppel inside So don' t think it will go like Manulife Manulife has issues, like cap on ownership, non-active sponsor, etc. etc. Prime already announced that it will release result on 10 Aug 2023, and no other announcement on potential issue like Manulife That means it has no issue like Manulife US office reits over at US Exchanges keep chiong-ing Now just have to wait for local sentiment to turn positive KepPacOak no gearing issue. Last 3 reported data on gearing, very stable Last 3 portfolio valuations also very stable Temasek and Keppel inside KepPacOak too Just sharing Please perform your own DD (am vested long term in Keppel Reit, KepPacOak and Prime)

 

Amongst the 3 listed here, KORE has the most resilient assets and they still manage to divest one under-rented ppty. PRIME is still stuck with a few poorly rented ones. So while both KORE and PRIME don' t have gateway city properties that undergo servere devaluation like MUST, between the two, PRIME likely will suffer a bigger drop than KORE in the next valuation.

n3wbie      ( Date: 24-Jul-2023 20:25) Posted: Sadly a victim of MUST' s situation too as investors expect similar outcome & impact for Prime. Surprisingly KORE has held up much better relatively to these two US commercial REITs. Very painful for those long-term holders including those who had previously subscribed to their placements.

 

Thanks for your input.

What are your thoughts about the increasing WFH culture in america? This worries me alittle. 

US office reits over at US Exchanges keep chiong-ing< -- just wondering which REIT are you talking about? 

superstartup      ( Date: 24-Jul-2023 21:00) Posted: But Prime has Temasek and Keppel inside So don' t think it will go like Manulife Manulife has issues, like cap on ownership, non-active sponsor, etc. etc. Prime already announced that it will release result on 10 Aug 2023, and no other announcement on potential issue like Manulife That means it has no issue like Manulife US office reits over at US Exchanges keep chiong-ing Now just have to wait for local sentiment to turn positive KepPacOak no gearing issue. Last 3 reported data on gearing, very stable Last 3 portfolio valuations also very stable Temasek and Keppel inside KepPacOak too Just sharing Please perform your own DD (am vested long term in Keppel Reit, KepPacOak and Prime) n3wbie      ( Date: 24-Jul-2023 20:25) Posted: Sadly a victim of MUST' s situation too as investors expect similar outcome & impact for Prime. Surprisingly KORE has held up much better relatively to these two US commercial REITs. Very painful for those long-term holders including those who had previously subscribed to their placements.

 

But Prime has Temasek and Keppel inside
So don' t think it will go like Manulife
Manulife has issues, like cap on ownership, non-active sponsor, etc. etc.

Prime already announced that it will release result on 10 Aug 2023, and no other announcement on potential issue like Manulife
That means it has no issue like Manulife

US office reits over at US Exchanges keep chiong-ing
Now just have to wait for local sentiment to turn positive

KepPacOak no gearing issue.
Last 3 reported data on gearing, very stable
Last 3 portfolio valuations also very stable
Temasek and Keppel inside KepPacOak too

Just sharing
Please perform your own DD
(am vested long term in Keppel Reit, KepPacOak and Prime)

n3wbie      ( Date: 24-Jul-2023 20:25) Posted: Sadly a victim of MUST' s situation too as investors expect similar outcome & impact for Prime. Surprisingly KORE has held up much better relatively to these two US commercial REITs. Very painful for those long-term holders including those who had previously subscribed to their placements.

 

Sadly a victim of MUST' s situation too as investors expect similar outcome & impact for Prime. Surprisingly KORE has held up much better relatively to these two US commercial REITs. Very painful for those long-term holders including those who had previously subscribed to their placements.

 

Itchy hand cannot help but tempted to buy some for its yield and a short term punt. Probably will hold till next qtr results are out or any dpu declared. 😅

 

The 3 mapletree reits have a performance based fee (extra) tied to the DPU growth
This detail can be found in MapleTree PanAsia slides, while the other 2 reits generally keep quiet

Just sharing what I know
Hence these 3 reits, their focus is on DPU growth
Someone asked about their priority at Mapletree Log AGM, and the answer is on DPU growth, instead of focusing on share price

So far, I yet to see or hear other reits doing something similiar to align the Manager' s interest with the unit-holders (or maybe I did not focus on this aspect for other reits)


 

 

Maybe we should internalised the manager. Either paying cash or units as management fee to the manager is going to have huge impact to the future DPU. The manager takes a fixed fee, and is not feeling the pain like us, given the poor performance of the unit. 

superstartup      ( Date: 21-Jul-2023 14:57) Posted: This manner of looking at things also can I looking at sequential quarters earnings instead 4Q22 versus1Q23 had stablised, after adjusting for the changes in Manager' s fee payment structure 1Q23 is 1.25c dividend I am assuming stable earnings now (in view 4Q22 and 1Q23 stable) after the overall huge drop last FY, partly also due to the changes in Manager' s fee payment structure marketuncle      ( Date: 21-Jul-2023 14:30) Posted: last interim biz update already reported 22.5% drop in NPI, so reducing the DPU by the same amount, can' t expect anything more than 2.3 cts. Given current operating environment for US office, having DPU already v. good. Just don' t end up like MUST.

 

Still easing?

 

i think can start to jeep hmmm

 

I just got in last Friday too. Couldn' t resist the dip

 

At this price, worth a calculated punt. Unless it goes belly up, else the risk return is there. Buy an amount u prep to write off totally & save some bullets if they issue more shares.

Vested 

FearValueGreed      ( Date: 22-Jul-2023 16:53) Posted: Time to buy, DCA once it goes below 15cents. Let's say the DPU just cut to 3cents. I will still get my capital after 5 years, the rest are evergreen profit, not withstanding the capital gain. Of course the caveat is that it will just blow up and become insolvent which is very unlikely. However, issue of more shares is highly likely.