Prime US REIT (OXMU) AI Stock Analysis

• Market Cap: $210.63M
• Dividend Yield: 1.39%
• Average Volume (3M): 1.72M
• Price to Earnings (P/E): 26.4
• Beta (1Y): 1.31
• Revenue Growth: -11.42%
• EPS Growth: N/A
• Country: SG
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 52
• Industry: REIT - Office
• EPS (TTM): <0.01
• Shares Outstanding: 1,308,259,200
• 10 Day Avg. Volume: 3,205,710
• 30 Day Avg. Volume: 1,717,146
• 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: 5.36
• Enterprise Value/Revenue: 1.79
• Enterprise Value/Gross Profit: 13.92
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $0.20
• Price Target Upside: 25.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 56 Neutral
• Price Target: $0.00 ▼(-100.00%Downside)

Prime US REIT's financial performance is the most significant factor, facing challenges in revenue growth and profitability, which lowers the score. Technical analysis provides some support with positive momentum indicators, but valuation concerns due to a high P/E ratio and low dividend yield counteract this. The absence of recent earnings call data or corporate events leaves these factors unaddressed.

Positive Factors

Financial Position

Prime's strong balance sheet supports leasing efforts, with US$91mn in debt headroom backed by committed undrawn facilities.

Leasing Performance

Leases signed achieved a positive rental reversion of 2.6%, with expectations to lift portfolio occupancy towards c.85%.

Negative Factors

Financial Costs

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

Income Decline

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

Prime US REIT Business Overview & Revenue Model

Company Description

Prime US REIT (OXMU) is a real estate investment trust that primarily focuses on owning and managing a diversified portfolio of high-quality, income-producing office properties in key markets across the United States. The company's assets are strategically located in urban centers with strong economic fundamentals, targeting stable and growing demand from a diversified tenant base. Prime US REIT aims to provide investors with a stable income stream and potential for long-term capital appreciation.

How the Company Makes Money

Prime US REIT generates revenue primarily through leasing office spaces to a diverse range of tenants, including multinational corporations, government agencies, and other businesses. The company's income is largely derived from rental payments made by these tenants, which are typically secured through long-term lease agreements. Prime US REIT benefits from its strategic property locations, which attract high occupancy rates and enable competitive rental pricing. Additionally, the company may engage in strategic property acquisitions and asset enhancements to boost revenue and value creation. Significant partnerships with property managers and brokers can enhance the operational efficiency and occupancy levels of its properties, further 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: 0.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.16 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.14, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 69.02 is Neutral, neither overbought nor oversold. The STOCH value of 70.27 is Neutral, 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	$274.56M	8.98	6.86%	9.07%	1.37%	-10.66%
Sector *	65 Neutral	$1.99B	17.55	2.40%	5.17%	-0.31%	5.93%
CMOU	62 Neutral	$219.33M	―	-0.96%	24.56%	-2.52%	89.81%
OXMU	56 Neutral	$210.63M	26.39	1.13%	1.39%	-11.42%	―
UD1U	56 Neutral	S$383.28M	30.65	1.60%	13.92%	16.79%	―
BTOU	47 Neutral	$119.03M	―	-34.26%	―	-19.44%	53.13%

Prime US REIT Corporate Events

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.

Prime US REIT Removed from Mandatory Quarterly Reporting List

Prime US REIT has been removed from the mandatory quarterly reporting list by the Singapore Exchange due to an unmodified and unqualified audit opinion on its financial statements for the year ending December 2024. This change follows the completion of a US$550 million credit facility, improving the REIT’s financial position and removing previous concerns about its ability to continue as a going concern.

Prime US REIT Receives Clean Audit for FY2024

Prime US REIT Management Pte. Ltd. announced that the independent auditor’s report for the financial year ending December 31, 2024, issued by Ernst & Young LLP, has expressed a clean audit opinion on the company’s financial statements. This announcement signifies financial transparency and stability, potentially reinforcing investor confidence and impacting market perceptions positively.