Prime US ReitUSD    Last:0.155    -0.003

Prime US Reit SGX debut 19 JUL 2019

For those interested in bonds vis a vis REITs

Navigating bond volatility
Major bond markets faced renewed upward pressure on yields, particularly at very long (30-year) maturities, driven by resurgent fiscal, inflation and policy fears. While these risks appear more intense for UK bond yields, we expect US 30-year yields to remain within their 4.8-5.1% range in the absence of an inflation surprise. Gold's recent break higher, points to further gains ahead after what has been an extended period of consolidation. We would use any minor pullbacks to add to gold, which we continue to see as a solid core holding. Bond market volatility, pockets of exuberance, and reports of potential stock market cooling measures in China pose the risk of short-term equity market pullbacks. However, we expect any pullbacks to be relatively shallow and short-lived. US jobs and inflation data in the coming days remain key for the mid-September Fed decision.

Almost all Reits moving up in anticipation of rate cut. Question is which reit will benefit most? Simply those who manage their debt well.

MrBear12      ( Date: 06-Sep-2025 22:01) Posted: The next administration may reverse all that taxation. US treasuries and bonds have still the highest credit rating for the equivalent yield. If I am Singaporean, then can only buy Singapore bonds?? Pretty low yields. Why would the Chinese buy US bonds? Alignment      ( Date: 06-Sep-2025 11:42) Posted: Why would you do that, especially if you are not an american? There are rumours Trump is planning all sorts of explicit and implicit taxes and capital controls for foreigners who invest in US assets, which may come into play before the end of his term so this is a clear and present danger. The view that dedollarisation is one of the two/three big investment themes of the next decade is increasingly being expressed by even prominent US investors.

 

The next administration may reverse all that taxation.

US treasuries and bonds have still the highest credit rating for the equivalent yield.

If I am Singaporean, then can only buy Singapore bonds??
Pretty low yields.

Why would the Chinese buy US bonds?

Alignment      ( Date: 06-Sep-2025 11:42) Posted: Why would you do that, especially if you are not an american? There are rumours Trump is planning all sorts of explicit and implicit taxes and capital controls for foreigners who invest in US assets, which may come into play before the end of his term so this is a clear and present danger. The view that dedollarisation is one of the two/three big investment themes of the next decade is increasingly being expressed by even prominent US investors.   MrBear12      ( Date: 06-Sep-2025 11:35) Posted: So invest in 7 to 8 year duration bonds now.

 

Why would you do that, especially if you are not an american? There are rumours Trump is planning all sorts of explicit and implicit taxes and capital controls for foreigners who invest in US assets, which may come into play before the end of his term so this is a clear and present danger.

The view that dedollarisation is one of the two/three big investment themes of the next decade is increasingly being expressed by even prominent US investors.
 

MrBear12      ( Date: 06-Sep-2025 11:35) Posted: So invest in 7 to 8 year duration bonds now. Alignment      ( Date: 06-Sep-2025 11:27) Posted: The bigger picture issue is in the long term, the long dated US bond yield is going to go up due to Trump policies / higher inflation from deglobalisation and tariffs / debt and budget crisis / US increasingly becoming uninvestibable / de dollarisation.  There may be short term twists and turns in the meantime of course.

 

So invest in 7 to 8 year duration bonds now.

Alignment      ( Date: 06-Sep-2025 11:27) Posted: The bigger picture issue is in the long term, the long dated US bond yield is going to go up due to Trump policies / higher inflation from deglobalisation and tariffs / debt and budget crisis / US increasingly becoming uninvestibable / de dollarisation.  There may be short term twists and turns in the meantime of course.

 

The bigger picture issue is in the long term, the long dated US bond yield is going to go up due to Trump policies / higher inflation from deglobalisation and tariffs / debt and budget crisis / US increasingly becoming uninvestibable / de dollarisation. 

There may be short term twists and turns in the meantime of course.

 

10 yr yields drop below 4.1
Good for us REITs

TraderBen      ( Date: 05-Sep-2025 15:58) Posted: good buy.. but i think the recent run up have alrdy factored in the 0.25 sept cuts superstartup      ( Date: 05-Sep-2025 11:52) Posted: Bought here today. Position for tonight US data. ( Please do your own DD )

 

good buy.. but i think the recent run up have alrdy factored in the 0.25 sept cuts

superstartup      ( Date: 05-Sep-2025 11:52) Posted: Bought here today. Position for tonight US data. ( Please do your own DD )

 

Bought here today.
Position for tonight US data.

( Please do your own DD )

 

with interest rates coming down.. US reits is the one to invest.. 0.3 P/B  more than double profits to come!.

DYODD..

 

Heng Huat ahhhhh!!!!!💥 💥 💥 💥 💥

 

so early profit taking.. very typical SGX..

 

ang mo collected enough..

biper66      ( Date: 23-Aug-2025 16:29) Posted: monday--USD reits may do well

 

monday--USD reits may do well

 

ang mo pressing this down.. up abit kena pressed up abit kena pressed again..
 

Newbie85      ( Date: 13-Aug-2025 12:25) Posted: Gapped up today. Looks like the rate cut in Sept might drive this up. Joelton      ( Date: 13-Aug-2025 11:57) Posted: Prime US Reit H1 DPU falls by 33.3% to US$0.0012 due to higher finance expenses, asset divestment Reit records 11.6% year-on-year decrease in net property income to US$35.8 million for period   [SINGAPORE] Prime US Real Estate Investment Trust : OXMU +0.58% (Reit) on Tuesday (Aug 12) posted a 33.3 per cent decline in its distribution per unit (DPU) for the first half of the 2025 financial year to US$0.0012, from US$0.0018 in the corresponding year-ago period.   Income available for distribution slid 28.6 per cent to US$16.7 million, from US$23.3 million.   The Reit manager attributed the drop to the divestment of One Town Center, an office tower in Florida, in July 2024 as well as higher finance expenses.   Finance expenses for the first six months increased to US$20.6 million, compared with US$14.8 million a year ago. This was mainly due to a rise in finance cost on the unhedged portion of borrowings and incremental drawdowns on debt facilities for capital expenditures, said the Reit manager.   The Reit recorded a revenue of US$67.3 million for the first six months, an 8.4 per cent decrease from US$73.5 million in H1 FY2024. The Reit manager attributed this to the divestment of the One Town Center asset.    Property operating expenses fell to US$31.5 million for H1, compared with US$32.9 million a year ago due to the divestment. As a result, net property income for the six months was lower at US$35.8 million, sliding 11.6 per cent year on year from US$40.6 million.   The weighted average interest rate, excluding amortisation of debt-related transaction costs, on loans and borrowings for H1 was 5.4 per cent per annum. As at Jun 30, 2025, the Reit&rsquo s aggregate leverage and interest coverage ratio were 46.7 per cent and 1.7 times, respectively.   &ldquo Cautiously optimistic&rdquo The manager said that the Reit is retaining capital to prepare for approximately 440,000 square feet of new leases, which are equivalent to 10.5 per cent of the Reit&rsquo s portfolio occupancy.    It expects the cash flow from rent to commence as early as the third quarter of FY2025, on a staggered basis. The capital deployment is expected to drive meaningful yield expansion as these leases transition from rent-free periods to contributing income, said the manager.    It added that US office-leasing demand is increasing as the return-to-office momentum improves. This has led to increased interest and leasing activities at several of its assets.    &ldquo Given Prime&rsquo s ample debt headroom and access to committed undrawn facilities, Prime was able to actively pursue major tenant opportunities, as prospective tenants increasingly favour landlords with robust balance sheets and strong liquidity positions,&rdquo said the manager.    It noted that Prime had secured 400,000 sq ft of leases in H1 FY2025, up 24 per cent against the second half of FY2024. The leases have annual rent escalations of 2 to 3 per cent, and a positive rental reversion of 3.4 per cent.    The Reit manager said that it is cautiously optimistic for the period ahead.    &ldquo As the economic environment progresses, Prime US Reit is expected to maintain strong leasing activity, bolstered by a diverse and resilient tenant base that ensures steadily increasing rental income,&rdquo it said in a bourse filing on Tuesday.   The distribution will be paid out on Sep 30.

 

Gapped up today.

Looks like the rate cut in Sept might drive this up.

Joelton      ( Date: 13-Aug-2025 11:57) Posted: Prime US Reit H1 DPU falls by 33.3% to US$0.0012 due to higher finance expenses, asset divestment Reit records 11.6% year-on-year decrease in net property income to US$35.8 million for period   [SINGAPORE] Prime US Real Estate Investment Trust : OXMU +0.58% (Reit) on Tuesday (Aug 12) posted a 33.3 per cent decline in its distribution per unit (DPU) for the first half of the 2025 financial year to US$0.0012, from US$0.0018 in the corresponding year-ago period.   Income available for distribution slid 28.6 per cent to US$16.7 million, from US$23.3 million.   The Reit manager attributed the drop to the divestment of One Town Center, an office tower in Florida, in July 2024 as well as higher finance expenses.   Finance expenses for the first six months increased to US$20.6 million, compared with US$14.8 million a year ago. This was mainly due to a rise in finance cost on the unhedged portion of borrowings and incremental drawdowns on debt facilities for capital expenditures, said the Reit manager.   The Reit recorded a revenue of US$67.3 million for the first six months, an 8.4 per cent decrease from US$73.5 million in H1 FY2024. The Reit manager attributed this to the divestment of the One Town Center asset.    Property operating expenses fell to US$31.5 million for H1, compared with US$32.9 million a year ago due to the divestment. As a result, net property income for the six months was lower at US$35.8 million, sliding 11.6 per cent year on year from US$40.6 million.   The weighted average interest rate, excluding amortisation of debt-related transaction costs, on loans and borrowings for H1 was 5.4 per cent per annum. As at Jun 30, 2025, the Reit&rsquo s aggregate leverage and interest coverage ratio were 46.7 per cent and 1.7 times, respectively.   &ldquo Cautiously optimistic&rdquo The manager said that the Reit is retaining capital to prepare for approximately 440,000 square feet of new leases, which are equivalent to 10.5 per cent of the Reit&rsquo s portfolio occupancy.    It expects the cash flow from rent to commence as early as the third quarter of FY2025, on a staggered basis. The capital deployment is expected to drive meaningful yield expansion as these leases transition from rent-free periods to contributing income, said the manager.    It added that US office-leasing demand is increasing as the return-to-office momentum improves. This has led to increased interest and leasing activities at several of its assets.    &ldquo Given Prime&rsquo s ample debt headroom and access to committed undrawn facilities, Prime was able to actively pursue major tenant opportunities, as prospective tenants increasingly favour landlords with robust balance sheets and strong liquidity positions,&rdquo said the manager.    It noted that Prime had secured 400,000 sq ft of leases in H1 FY2025, up 24 per cent against the second half of FY2024. The leases have annual rent escalations of 2 to 3 per cent, and a positive rental reversion of 3.4 per cent.    The Reit manager said that it is cautiously optimistic for the period ahead.    &ldquo As the economic environment progresses, Prime US Reit is expected to maintain strong leasing activity, bolstered by a diverse and resilient tenant base that ensures steadily increasing rental income,&rdquo it said in a bourse filing on Tuesday.   The distribution will be paid out on Sep 30.

 

 

Lucky sold off prime. What a lousy set of results!! 

 

?

 

sold 186 easy huat USD

noobnub      ( Date: 18-Jul-2025 14:31) Posted: bought 174 morning hope to add more 174 and 175

 

no cheerleader come in means can go up more hahaha