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Prime US REIT ( (SG:OXMU) ) has provided an announcement.
Prime US REIT has announced the use of proceeds from its recent private placement, which raised gross proceeds of US$25.0 million. The company has utilized approximately 95.2% of these funds, equivalent to US$23.8 million, for debt repayment, and 2.4%, or US$0.6 million, for covering fees and expenses related to the private placement. This strategic allocation of funds is in line with the company’s stated plans and is expected to strengthen its financial position.
The most recent analyst rating on (SG:OXMU) stock is a Buy with a $0.30 price target. To see the full list of analyst forecasts on Prime US REIT stock, see the SG:OXMU Stock Forecast page.
More about Prime US REIT
Prime US REIT is a real estate investment trust established under the laws of the Republic of Singapore and managed by Prime US REIT Management Pte. Ltd. The company focuses on managing and investing in a diversified portfolio of income-producing commercial properties in the United States.
Average Trading Volume: 3,560,339
Technical Sentiment Signal: Buy
Current Market Cap: $281.7M
For a thorough assessment of OXMU stock, go to TipRanks’ Stock Analysis page.