Listed on 19 July 2019 on the Main Board of the Singapore Exchange, Prime US REIT (“PRIME”) is a well-diversified real estate investment trust ("REIT") focused on stabilised income-producing office assets in the United States ("U.S."). With the objectives to achieve long-term growth in distributions per unit and net asset value per unit while maintaining a robust capital structure, PRIME offers investors unique exposure to a high-quality portfolio of 14 Class A freehold office properties which are strategically located in 13 key U.S. office markets. PRIME's portfolio has a total carrying value of US$1.41 billion as at 31 December 2023.
Metrics to compare | PRIE | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipPRIEPeersSector | |
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P/E Ratio | 22.8x | −1.4x | 8.5x | |
PEG Ratio | 0.21 | 0.00 | 0.01 | |
Price / Book | 0.3x | 0.3x | 0.9x | |
Price / LTM Sales | 1.3x | 0.8x | 3.7x | |
Upside (Analyst Target) | 53.6% | 57.7% | 16.4% | |
Fair Value Upside | Unlock | 17.3% | 2.3% | Unlock |