Distributable Income PayoutPrime reinstated its distributable income payout to at least 50% with improving visibility of the trajectory in cash inflows and recent liquidity injection from fund raising.
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.
Portfolio OccupancyPortfolio occupancy rose from 80.2% to 80.7% QoQ and is expected to reach approximately 85% by year-end, supported by the anticipated signing of over 150k sqft of leases.