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The Issue Price Range of between US$0.1935 and US$0.2000 (both figures inclusive) represents a discount of between:
(i) approximately 7.0% and 10.0% to the volume weighted average price (&ldquo VWAP&rdquo ) of US$0.2150 per unit in Prime US REIT (&ldquo Unit&rdquo ) for all trades in the Units done on the SGX-ST for the preceding Market Day1 on 24 September 2025 up to the time the Placement Agreement was signed on 25 September 2025 and
(ii) (for illustrative purposes only) approximately 5.9% and 9.0% to the adjusted VWAP2 (&ldquo Adjusted VWAP&rdquo ) of US$0.2126 per Unit.
(i) approximately 7.0% and 10.0% to the volume weighted average price (&ldquo VWAP&rdquo ) of US$0.2150 per unit in Prime US REIT (&ldquo Unit&rdquo ) for all trades in the Units done on the SGX-ST for the preceding Market Day1 on 24 September 2025 up to the time the Placement Agreement was signed on 25 September 2025 and
(ii) (for illustrative purposes only) approximately 5.9% and 9.0% to the adjusted VWAP2 (&ldquo Adjusted VWAP&rdquo ) of US$0.2126 per Unit.
good news for prime leh.. they gonna increase distribution.. u must be havent buy again,, and there is a floor rate at 20 cents now.. i rem u sold 145?
piscesmonkey ( Date: 25-Sep-2025 09:25) Posted:
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Low baller jialat
asianguy ( Date: 25-Sep-2025 09:20) Posted:
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LAUNCH OF PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF NO LESS THAN APPROXIMATELY US$25.0 MILLION
the 3 US Reits selling on news liao.. but if drop more i will add as more cuts is confirmed on the way..
DYODD
DYODD
0.25 percent cut by " Too Late" Powell.
0.75 also unlikely.. dont say 1%..
Judging by the huge price increase, I suspect it is 0.50 percent rate cut.
Some " experts" on CNBC is even hinting at a small possibility of 1 percent cut (I think super unlikely).
If rate cut so much, this also tell us US economy super jialat, which is not good for office reits.
Some " experts" on CNBC is even hinting at a small possibility of 1 percent cut (I think super unlikely).
If rate cut so much, this also tell us US economy super jialat, which is not good for office reits.
if a 25 pts cut.. might have sell on news effect.. if FED project more cuts.. maybe will run more.. so is like betting big or small here
talonn ( Date: 15-Sep-2025 09:49) Posted:
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This is nothing yet. 17th is when the party begins
Took profits from all US Reits.
Had good % returns.
Had good % returns.
superstartup ( Date: 12-Sep-2025 14:10) Posted:
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Life getting better moving forward. Prime day coming.. 40c is near
Nice run from last week.
superstartup ( Date: 05-Sep-2025 11:52) Posted:
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no wonder KORE nvr move at all..
Joelton ( Date: 12-Sep-2025 11:03) Posted:
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Signs of US commercial real estate finding a floor emerge with Prime US REIT the favourite local proxy
Signs are emerging that the US commercial real estate sector, in particular office could have seen a floor. For instance,on July 28, Orion Properties&rsquo board of directors rejected a bid from Kawa Capital Management pricing the REIT at US$2.75 per share. On the other hand City Office REIT has entered into a merger agreement with MCME Carell Holdings LP, and MCME Carell Holdings LLC.
According to CBRE, the US office market recorded its fifth consecutive quarter of positive net absorption at 1.1 million sq ft in 2Q2025. Many tenants are renewing their leases due to the high cost of relocating and prohibitive build-out expenses, it noted. Smaller tenants signing for 10,000 to 20,000 sq ft of office space accounted for 53% of the new leases. The nationwide vacancy rate is expected to have peaked at 19% in 2Q2025.
Separately, JLL has indicated that leasing momentum is expected to recover in 2H2025. Tenants&rsquo requirements increased 5.8% q-o-q in 2Q2025 and are at the highest level since 4Q2021. JLL expects leasing activities to grow 5% in 2025. Office demand is expected to recover in 2H2025, driven by improved business sentiment as trade tension eases, positive work-from-office momentum, dwindling new supply and easing of downsizing.
During Brookfield Asset Management&rsquo s investor day on Sept 10, its management articulated that it expects employees to return to office, causing office demand to recover.
In a report dated Sept 11, UOB Kay Hian cites Trepp, a CRE loan and data analysis entity, which highlighted that the commercial mortgage-backed securities (CMBS) market saw a resurgence with issuance volume rising 35% y-o-y to US$59.6 billion in 1H2025, the strongest in 18 years. Office-backed CMBS of US$10 billion accounted for one third of new CMBS issuance in 1Q2025. Of course one of the reasons for CMBS issuance is because of the high rate of mortgage maturities this year.
Nonetheless, UOBKH says that the recovery is supported by &ldquo an expected decline in interest rates, which improves refinancing conditions and boosts leverage for new transactions.&rdquo
UOBKH is also very bullish about the Federal Reserve cutting rates, with a hefty 100 bps cut this month, October, December and January, taking rates down 3.25%. That could cause the US dollar to weaken considerably, but UOBKH does not mention this as a challenge for local retail investors.
This decline in the Fed funds rate would lower Prime US REIT&rsquo s average cost of debt to 5.2%, and Keppel Pacific Oak US REIT&rsquo s (KORE) to 4.8%. UOBKH has a buy on Prime US REIT with a target of 31 US cents, compared to its net asset value of 55 US cents as of end-June. RHB Bank also has a buy recommendation on Prime US REIT because its leasing activity has rebounded as has its occupancy rates.
UOBKH downgraded KORE on Sept 10 to a hold. KORE&rsquo s NAV was 70 US cents as of June 30. The downgrade is because operationally, KORE&rsquo s portfolio occupancy is expected to slip slightly to 86-88% by end-2025 due to known vacates of 174,000 sq ft. &ldquo We have recalibrated our assumed payout ratios to 25% in 2026, 40% in 2027, 55% in 2028 and a stabilised 70% in 2029,&rdquo UOBKH says.
Huat ah! Congrats to those who buy low
monday up?
superstartup ( Date: 05-Sep-2025 11:52) Posted:
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Thank you alignment for your clarification. You are always the most knowledgeable individual.
Pardon my boarishness. I am after all a male bear.
Yes, go for SBB singapore t bills and good corporate bonds for safety. Invest in SG govt bonds for AAA credit rating.
Don't be greedy bears and lose ourselves in the world of US bonds. We are not the Rockefeller family or privileged Americans.
Trade with Alignment advice.
Pardon my boarishness. I am after all a male bear.
Yes, go for SBB singapore t bills and good corporate bonds for safety. Invest in SG govt bonds for AAA credit rating.
Don't be greedy bears and lose ourselves in the world of US bonds. We are not the Rockefeller family or privileged Americans.
Trade with Alignment advice.
Alignment ( Date: 07-Sep-2025 09:36) Posted:
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To answer your points in order:
1) Yes the next adminstration may reverse any policies that Trump enacts, but you have to live with the uncertainty and the damage caused until (if) that happens. Note also that Vance at the moment is the favorite to be President at the next election which would likely see a continuation (and perhaps radicialisation) of Trump' s policies
2) I don' t know if that is accurate but it may be. But the credit rating agencies do not necessarily get it right. Your point also does not factor in the differences between US and non US buyers whichg was one of the points I am making, nor does it take into account currency moves. The difference between US rates and Singapore rates for instance could easily be more than made up for by a weakening in the US$, which under a dedollarisation scenario would be more than likely
3) If you are Singaporean, you do not need to only buy Singapore bonds. What you should do is to have appropriate diversifcation (you have the whole world to play with, not just the US and Singapore). Different people look at it different ways - some who think they can predict stock or currency markets like to skew their wealth in those directions. My own preference is to weight my currency holdings to my view on my liabilities over the course of my lifetime. So a Singaporean should hold a signifcant amount of wealth in S$ assets for that reason. One issue underlying my previous post is that the world as a whole is way overinvested in US$ assets compared ro their liabilities, and the fact that US policies are making it more risky for foreigners to hold US$ assets is likely to be a catalyst in an unwind of US$ holdings. And in such a scenario as I said above, a weakening US$ will more than make up for the lower S$ yield
4) China (and Japan amongst other countries) have been reducing their US$ bond holdings for some time now. But it takes time, and a lot more to come.
1) Yes the next adminstration may reverse any policies that Trump enacts, but you have to live with the uncertainty and the damage caused until (if) that happens. Note also that Vance at the moment is the favorite to be President at the next election which would likely see a continuation (and perhaps radicialisation) of Trump' s policies
2) I don' t know if that is accurate but it may be. But the credit rating agencies do not necessarily get it right. Your point also does not factor in the differences between US and non US buyers whichg was one of the points I am making, nor does it take into account currency moves. The difference between US rates and Singapore rates for instance could easily be more than made up for by a weakening in the US$, which under a dedollarisation scenario would be more than likely
3) If you are Singaporean, you do not need to only buy Singapore bonds. What you should do is to have appropriate diversifcation (you have the whole world to play with, not just the US and Singapore). Different people look at it different ways - some who think they can predict stock or currency markets like to skew their wealth in those directions. My own preference is to weight my currency holdings to my view on my liabilities over the course of my lifetime. So a Singaporean should hold a signifcant amount of wealth in S$ assets for that reason. One issue underlying my previous post is that the world as a whole is way overinvested in US$ assets compared ro their liabilities, and the fact that US policies are making it more risky for foreigners to hold US$ assets is likely to be a catalyst in an unwind of US$ holdings. And in such a scenario as I said above, a weakening US$ will more than make up for the lower S$ yield
4) China (and Japan amongst other countries) have been reducing their US$ bond holdings for some time now. But it takes time, and a lot more to come.
MrBear12 ( Date: 06-Sep-2025 22:01) Posted:
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Global bonds remain a core allocation in our foundation portfolios. A US job market slowdown has raised the prospect of the Fed resuming rate cuts from September. We expect the US 10-year bond yield to trade within the 4.00-4.25% range in the next 6-12 months, and believe 5-7-year bond maturities offer the best risk-adjusted returns by striking a balance between attractive yields and fiscal/inflation risks.
This is the Standard Chartered view. Bear thinks it reflects current situation well.
For equity, the 6 to 12 month view is upwards with short term risks/pull back. Keep investing for life. Don't let short term fluctuation influence our longer term goals.
This is the Standard Chartered view. Bear thinks it reflects current situation well.
For equity, the 6 to 12 month view is upwards with short term risks/pull back. Keep investing for life. Don't let short term fluctuation influence our longer term goals.
Alignment ( Date: 06-Sep-2025 11:27) Posted:
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