0729 GMT - Prime US REIT's leasing activity is likely to improve in 2025, RHB Research's Vijay Natarajan says in a research report. The REIT expects to sign around 105,000 square feet of lease at Park Tower in California by 1H, the analyst notes. Enhancement of its Waterfront at Washingtonian asset in Maryland was completed in October with leasing rising to 49% from 40% in 3Q, and more leasing is anticipated in 1H, the analyst adds. The REIT's gearing and debt refinancing worries have mostly eased, and 2025 will probably be a year of stabilization before a full recovery in 2026. RHB maintains the REIT's buy rating and target price of US$0.23 on the units which are 0.6% higher at US$0.16. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 21, 2025 02:29 ET (07:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。