Prime US REIT's Distributable Income Drops in Q3; Shares Rise 4%

MT Newswires
2024-11-15

Prime US REIT's (SGX:OXMU) income available for distribution declined to $8.5 million in the third quarter of the year, from $14.7 million in the year-ago period, mainly due to lower contribution from lower occupancy at various properties.

The trust also booked a lower net property income of $18.0 million in Q3, compared with $23.4 million a year earlier, according to a filing with the Singapore Exchange on Thursday.

Gross revenue declined to $34.1 million from $40.2 million.

Meanwhile, total portfolio occupancy came in at 83.0% while rental reversion was up 6.5%.

Shares of the REIT rose nearly 4% in recent trading.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10