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Prime US REIT (SG:OXMU)
SGX:OXMU
Singapore Market

Prime US REIT (OXMU) AI Stock Analysis

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SG:OXMU

Prime US REIT

(SGX:OXMU)

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Neutral 56 (OpenAI - 5.2)
Rating:56Neutral
Price Target:
$0.19
▲(10.59% Upside)
Action:ReiteratedDate:03/11/26
The score is driven primarily by mixed financial performance: profitability has recovered and margins are strong, but multi-year revenue softness and a sharp 2025 free-cash-flow decline raise durability and flexibility risks. Technical indicators are weak (below major moving averages with negative MACD), while valuation is only moderately supportive (P/E ~13 and ~3.34% yield).
Positive Factors
Stable rental income model
The REIT’s core cash flow derives from contractual, often multi‑year office leases in the U.S., which provides predictable base rental income and recoveries. That structural lease profile supports distribution visibility and underwriting over a 2–6 month horizon, reducing short‑term revenue volatility risk.
Negative Factors
Persistent revenue decline
Multi‑year revenue erosion signals structural demand pressure or lease roll/repricing challenges in the office portfolio. Continued top‑line weakness undermines long‑term distribution sustainability and requires either rent recovery or portfolio repositioning to restore durable growth and tenant mix quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable rental income model
The REIT’s core cash flow derives from contractual, often multi‑year office leases in the U.S., which provides predictable base rental income and recoveries. That structural lease profile supports distribution visibility and underwriting over a 2–6 month horizon, reducing short‑term revenue volatility risk.
Read all positive factors

Prime US REIT (OXMU) vs. iShares MSCI Singapore ETF (EWS)

Prime US REIT Business Overview & Revenue Model

Company Description
Prime US REIT ("PRIME") is a diversified Singapore real estate investment trust ("REIT") with a focus on stabilised income-producing office assets in the United States ("U.S."). PRIME offers investors a unique exposure to a high-quality portfolio ...
How the Company Makes Money
Prime US REIT makes money primarily by collecting contractual rent from tenants leasing space in its U.S. office properties. Its core revenue stream is gross rental income under lease agreements (often structured as multi-year leases), which may i...

Prime US REIT Financial Statement Overview

Summary
Profitability improved with a return to positive net income in 2024–2025 and strong operating margins, but revenue has been slightly declining for several years and free cash flow fell sharply in 2025, reducing confidence in earnings and distribution durability. Leverage is manageable but still a constraint given modest ROE.
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue133.43M132.37M159.89M163.01M156.74M
Gross Profit64.63M62.96M87.02M90.06M92.98M
EBITDA61.87M41.04M73.52M87.24M90.93M
Net Income20.33M8.05M-115.84M-26.92M68.19M
Balance Sheet
Total Assets1.44B1.39B1.44B1.59B1.67B
Cash, Cash Equivalents and Short-Term Investments31.03M27.48M11.76M11.58M13.87M
Total Debt638.02M637.27M696.55M665.57M628.97M
Total Liabilities684.85M678.32M730.46M695.26M681.85M
Stockholders Equity754.88M716.38M713.65M893.79M991.08M
Cash Flow
Free Cash Flow26.00M33.99M61.20M59.69M79.59M
Operating Cash Flow63.48M72.19M85.63M89.18M95.69M
Investing Cash Flow-37.35M37.85M-24.34M-30.11M-260.36M
Financing Cash Flow-22.60M-94.31M-61.12M-61.34M141.14M

Prime US REIT Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.17
Price Trends
50DMA
0.19
Negative
100DMA
0.19
Negative
200DMA
0.19
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
45.49
Neutral
STOCH
75.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:OXMU, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.19, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.49 is Neutral, neither overbought nor oversold. The STOCH value of 75.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:OXMU.

Prime US REIT Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
64
Neutral
$309.67M14.904.67%8.23%-1.34%-6.08%
63
Neutral
£210.96M15.666.30%8.36%-9.87%
56
Neutral
$248.68M12.972.75%2.40%-12.01%
52
Neutral
$147.93M-11.15-4.00%5.06%-6.01%-36.46%
51
Neutral
$192.18M-2.16%-1.55%78.22%
43
Neutral
$103.04M-2.04-36.54%-27.66%-106.71%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:OXMU
Prime US REIT
0.17
0.06
54.46%
SG:XZL
ARA US Hospitality Trust
0.26
0.06
32.12%
SG:CMOU
Kore US Reit
0.18
0.01
6.36%
SG:BTOU
Manulife US REIT
0.06
>-0.01
-1.69%
SG:MXNU
Elite UK REIT
34.50
8.86
34.54%
SG:ODBU
United Hampshire US Real Estate Investment Trust
0.51
0.10
24.69%

Prime US REIT Corporate Events

Prime US REIT Clarifies Tax Treatment of March 2026 Distribution
Feb 13, 2026
Prime US REIT has issued a qualified notice for a forthcoming distribution of U.S. 0.25 cents per unit to unitholders of record on 23 February 2026, with payment scheduled for 31 March 2026. The distribution is classified entirely as U.S. source p...
Prime US REIT redeploys placement proceeds into capex and tenant incentives
Feb 11, 2026
Prime US REIT has provided an update on the deployment of proceeds from its earlier US$25 million private placement of 129,199,000 new units. The manager has redirected a substantial portion of previously debt-repaid funds back into the business t...
Prime US REIT Issues Qualified Notice on U.S. Withholding Tax Exception for Unit Transfers
Dec 26, 2025
Prime US REIT has issued a Qualified Notice under U.S. Treasury regulations confirming that, for transfers of its interests between 1 January and 31 March 2026, it qualifies for an exception from certain withholding tax rules applicable to publicl...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 11, 2026