Prime US REIT May Continue Generating Positive Rental Reversion -- Market Talk

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Prime US REIT May Continue Generating Positive Rental Reversion -- Market Talk

Dow Jones2023-02-14

0019 GMT - Prime US REIT may continue generating positive rental reversion as its in-place rents remain below asking rents by 6.3% this year, says UOB Kay Hian analyst Jonathan Koh in a research report, maintaining a buy rating. The REIT, which focuses on Class-A office buildings, benefits from demand for high-quality Class-A office space, the analyst says. The REIT also has sizeable exposure to high-growth cities, which attract companies and people, the analyst adds. However, the brokerage trims its 2023 DPU forecast for the REIT by 3% owing to narrower net-property-income margin, and pares the target price to $0.76 from $0.78. Units closed 1.0% lower at $0.48 on Monday. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 13, 2023 19:19 ET (00:19 GMT)

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Take courage
·2023-04-20
This would be bad investments as we forward to date status.
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However, the brokerage trims its 2023 DPU forecast for the REIT by 3% owing to narrower net-property-income margin, and pares the target price to $0.76 from $0.78. Units closed 1.0% lower at $0.48 on Monday. 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Prime US REIT may continue generating positive rental reversion as its in-place rents remain below asking rents by 6.3% this year, says UOB Kay Hian analyst Jonathan Koh in a research report, maintaining a buy rating. The REIT, which focuses on Class-A office buildings, benefits from demand for high-quality Class-A office space, the analyst says. The REIT also has sizeable exposure to high-growth cities, which attract companies and people, the analyst adds. However, the brokerage trims its 2023 DPU forecast for the REIT by 3% owing to narrower net-property-income margin, and pares the target price to $0.76 from $0.78. Units closed 1.0% lower at $0.48 on Monday. 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