Financial StrategyPrime US REIT will raise US$25mn via a private placement, issuing 129mn new units to fund capital expenditure, tenant incentives, and leasing costs to attract or retain tenants.
Liquidity PositionStrong liquidity position enables pursuit of larger tenants, supported by US$58mn in committed undrawn credit facilities and additional liquidity from a US$25mn private placement.
Occupancy RatesPortfolio occupancy rose from 80.2% to 80.7% and is expected to reach approximately 85% by year-end, supported by the anticipated signing of over 150k sqft of leases.