Prime USD Reit - 1st quarter results update! Gross Revenue is down 7.6 percent to 37m. NpI is down 11.7 percent to 20.8m.
Distribution income is down 19.5 percent to 11.9m. Gearing 48.1 percent seem anytime may hit the max 50 percent. ICR 2.9x.
The results is lousy!
All nos are down.
Pls dyodd.
https://www.spore-share.com/2024/05/prime-usd-reit-1st-quarter-results.html
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1. refinance
2. sell property
3. dilute shares further.
best is no 1. of course they can also choose to hold by dividends to keep more cash