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The latest update is out from Prime US REIT ( (SG:OXMU) ).
Prime US REIT Management Pte. Ltd. has successfully exercised the second extension option for its credit facility secured on Sorrento Towers, extending the maturity date to July 22, 2026. This strategic move ensures continued financial flexibility for Prime US REIT, with an outstanding balance of $66.95 million, potentially enhancing its market positioning and stability.
The most recent analyst rating on (SG:OXMU) stock is a Hold with a $0.19 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 in Singapore, managed by Prime US REIT Management Pte. Ltd. The company focuses on managing and investing in a diversified portfolio of income-producing office properties in the United States.
Average Trading Volume: 1,861,317
Technical Sentiment Signal: Buy
Current Market Cap: $231.6M
For a thorough assessment of OXMU stock, go to TipRanks’ Stock Analysis page.