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Prime US REIT ( (SG:OXMU) ) has issued an announcement.
Prime US REIT reported continued leasing momentum in the first quarter of 2026, with committed occupancy edging up to 83.1% and leasing volume of 99,000 square feet delivering a 4.0% positive rental reversion. The trust’s weighted average lease expiry remained at 5.6 years, underpinned by long-term leases, built-in annual rent escalations and a diversified top-tenant base across communications, finance and legal industries.
Management highlighted that 463,000 square feet of leases signed but not yet commenced, mostly starting from the third quarter of 2026, are expected to bolster distributable income and support a higher payout ratio of at least 65%. Net property income rose 3.3% quarter-on-quarter to US$17.2 million, while Prime US REIT maintained aggregate leverage at 45.2% with substantial undrawn debt facilities, positioning the vehicle to strengthen fundamentals and distributions as U.S. office demand and transaction volumes continue to improve.
The most recent analyst rating on (SG:OXMU) stock is a Buy with a $0.21 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 Singapore-listed real estate investment trust focused on owning Class A freehold office properties in non-gateway U.S. cities. Its portfolio spans 13 assets across markets such as Denver, Dallas, Sacramento and suburban Washington, D.C., targeting high-quality tenants in diversified sectors including communications, finance, legal services and healthcare.
Average Trading Volume: 1,498,717
Technical Sentiment Signal: Sell
Current Market Cap: $254.4M
See more data about OXMU stock on TipRanks’ Stock Analysis page.