Prime US REIT (OXMU) AI Stock Analysis

• Market Cap: $251.19M
• Dividend Yield: 1.79%
• Average Volume (3M): 2.50M
• Price to Earnings (P/E): 30.5
• Beta (1Y): 1.50
• Revenue Growth: -11.42%
• EPS Growth: N/A
• Country: SG
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 61
• Industry: REIT - Office
• EPS (TTM): >-0.01
• Shares Outstanding: 1,308,259,200
• 10 Day Avg. Volume: 3,101,490
• 30 Day Avg. Volume: 2,496,920
• PEG Ratio: 0.13
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.97
• Enterprise Value/Market Cap: 4.50
• Enterprise Value/Revenue: 1.79
• Enterprise Value/Gross Profit: 13.92
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $0.20
• Price Target Upside: 5.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 46 Neutral
• Price Target: $0.00 ▼(-100.00%Downside)

The overall stock score reflects financial performance challenges and technical analysis risks. The company's profitability issues and high P/E ratio suggest caution. Despite recent upward price trends, technical indicators signal potential overbought conditions. The lack of earnings call data and corporate events further limits insights into future prospects.

Positive Factors

Leasing Momentum

Prime's strong balance sheet and high-quality assets are supporting leasing momentum amid the ongoing flight-to-quality trend.

Portfolio Valuation

Portfolio valuations rose 2.2% YoY to US$1.352bn, driven by stronger operating performance and positive leasing momentum.

Return-to-Office Trends

Prime is well-positioned to benefit from the trend of more employers mandating return-to-office five days a week and the improving leasing momentum.

Negative Factors

Distributable Income

Distributable Income declined significantly due to higher finance expenses and capital expenditure.

Finance Costs

Higher finance costs expected in FY25e, with the all-in cost of debt anticipated to rise to 5.5%.

Recovery Timeframe

Recovery will likely take time despite being positioned for return-to-office trends.

Prime US REIT Business Overview & Revenue Model

Company Description

Prime US REIT (OXMU) is a real estate investment trust focused on investing in a diversified portfolio of income-producing office and industrial properties in the United States. The company's primary objective is to provide stable distributions and long-term capital growth to its investors. Prime US REIT's portfolio includes Class A freehold office assets located in key markets across the U.S., catering to a diverse mix of tenants from various industries.

How the Company Makes Money

Prime US REIT generates revenue primarily through rental income from its portfolio of office and industrial properties. The company leases these properties to tenants under long-term agreements, ensuring a steady stream of income. Additionally, Prime US REIT may engage in strategic acquisitions and property enhancements to increase the value of its assets and, consequently, the rental income. The REIT also benefits from economies of scale and operational efficiencies by managing a diverse portfolio. Partnerships with experienced property managers and a focus on maintaining high occupancy rates are significant factors contributing to its earnings.

Prime US REIT Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	153.82M	132.37M	159.89M	154.50M	144.74M	136.21M
Gross Profit	81.18M	62.96M	87.02M	89.22M	88.50M	87.45M
EBITDA	0.00	41.04M	73.52M	-21.35M	88.02M	55.06M
Net Income	-130.10M	8.05M	-115.84M	-26.92M	68.19M	23.21M
Balance Sheet
Total Assets	1.48B	1.39B	1.44B	1.59B	1.67B	1.45B
Cash, Cash Equivalents and Short-Term Investments	40.79M	27.48M	11.76M	11.58M	13.87M	37.44M
Total Debt	722.76M	637.27M	696.55M	665.57M	628.97M	480.35M
Total Liabilities	756.48M	678.32M	730.46M	695.26M	681.85M	539.06M
Stockholders Equity	723.99M	716.38M	713.65M	893.79M	991.08M	907.79M
Cash Flow
Free Cash Flow	78.86M	33.99M	61.20M	59.69M	79.59M	78.12M
Operating Cash Flow	78.86M	72.19M	85.63M	89.18M	95.69M	89.85M
Investing Cash Flow	-32.04M	37.85M	-24.34M	-30.11M	-260.36M	-175.92M
Financing Cash Flow	-21.53M	-94.31M	-61.12M	-61.34M	141.14M	85.58M

Prime US REIT Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:OXMU, the sentiment is Positive. The current price of 0.19 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.15, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 89.32 is Negative, neither overbought nor oversold. The STOCH value of 95.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:OXMU.

Prime US REIT Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ODBU	74 Outperform	$283.51M	9.28	6.86%	8.62%	1.37%	-10.66%
Sector *	65 Neutral	$2.04B	18.38	2.45%	5.21%	-0.66%	2.51%
CMOU	63 Neutral	$240.22M	―	-0.96%	24.56%	-2.52%	89.81%
UD1U	56 Neutral	S$416.90M	32.80	1.60%	36.05%	16.79%	―
BTOU	47 Neutral	$126.14M	―	-34.26%	―	-19.44%	53.13%
OXMU	46 Neutral	$251.19M	30.49	1.13%	1.79%	-11.42%	―

Prime US REIT Corporate Events

Prime US REIT Extends Credit Facility Maturity to 2026

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.

Prime US REIT Secures Major Lease at Waterfront At Washingtonian

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.

Prime US REIT Issues Qualified Notice on Interest Transfers

Prime US REIT has issued a Qualified Notice regarding the transfer of interests in the trust, indicating that it is not engaged in a trade or business within the United States during the specified taxable year. This notice exempts certain transfers from withholding requirements, potentially impacting stakeholders by simplifying the process of transferring interests in the REIT.

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.