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Prime US REIT ( (SG:OXMU) ) has provided an update.
Prime US REIT has secured a significant 11-year lease agreement for 120,000 square feet at the newly re-branded Waterfront At Washingtonian in Gaithersburg, Maryland. This lease with an American advanced clean energy and fuel design engineering company, supported by a global e-commerce giant, boosts the building’s occupancy rate to over 85% from 33% post-renovation. The deal highlights Prime US REIT’s strategic positioning amidst a flight-to-quality trend in the U.S. office market, showcasing its ability to attract high-caliber tenants following a substantial refinancing effort.
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 Singapore-listed real estate investment trust that manages a portfolio of 13 Class A office assets across 12 diversified submarkets in the United States.
Average Trading Volume: 1,770,195
Technical Sentiment Signal: Hold
Current Market Cap: $206.7M
For detailed information about OXMU stock, go to TipRanks’ Stock Analysis page.