From Floor to Flight: Is Prime US REIT Ready for a Major Re-Rating?
Overview: Prime US REIT (SGX: OXMU) $Prime US ReitUSD(OXMU.SI)$ is a Singapore-listed real estate investment trust that provides investors with a "pure-play" exposure to high-quality Class A office real estate across key primary markets in the United States. Its portfolio currently features 13-14 freehold properties located in high-growth tech and business hubs such as Salt Lake City, Denver, Atlanta, and the San Francisco Bay Area.
After a challenging period for the US office sector, Prime is currently positioned as a turnaround play. With a significant portion of its debt recently refinanced and a strategic shift to increase its distribution payout ratio (from 10% to 50%+), the REIT is attracting attention for its deep value—trading at a steep discount to its Net Asset Value (NAV) of approximately US$0.55.
Technical Analysis (As of Jan 30, 2026) The provided chart illustrates a classic trend reversal and breakout pattern. Here is the breakdown of the price action:
1. Breakout Above Key Resistance The horizontal black line at US$0.196 has acted as a formidable ceiling (resistance) throughout 2024 and 2025. You can see multiple failed attempts to break this level (highlighted by the blue circles). However, in late 2025/early 2026, the price decisively cleared this hurdle. The chart now identifies this level as "Resistance Turned Support," which is a highly bullish technical signal.
2. The Power of the Trendline A clear ascending trendline (the diagonal black line) has been in play since mid-2025. The tan circles highlight where the price "tested" this line and bounced back up, confirming that buyers are stepping in at higher lows. As long as the price stays above this diagonal support, the medium-term uptrend remains intact.
3. Moving Average Alignment
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Short-Term (Red Line - 20 MA): The price is trending above the 20-day MA, showing strong immediate momentum.
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Medium-Term (Blue Line - 50 MA): The 50-day MA is sloping upward, providing a safety net for pullbacks.
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Long-Term (Green Line - 200 MA): The price is now well above the 200-day MA (US$0.180). This is the "Golden" territory for long-term investors, signaling that the bear market of previous years is officially over.
4. Current Target and Momentum The price recently hit US$0.220, marking a 52-week high. The next psychological and technical hurdles are likely near US$0.245 (the previous peak seen on the far right of the chart). With the volume supporting this move, the path of least resistance appears to be upward.
Final Verdict Technically, Prime US REIT has transitioned from a "bottom-fishing" play to a "momentum" play. The successful flip of the US$0.196 level from resistance to support is the most significant development on this chart. For a blog post, the narrative is clear: The technical recovery is finally aligning with the fundamental turnaround.
$ManulifeReit USD(BTOU.SI)$ $KepPacOakReitUSD(CMOU.SI)$ $UtdHampshReitUSD(ODBU.SI)$
Kenny Loh is a distinguished MAS Private Wealth Advisor with a specialization in holistic investment planning and estate management. He excels in assisting clients to grow their investment capital and establish passive income streams for retirement. Kenny also facilitates tax-efficient portfolio transfers to beneficiaries, ensuring tax-efficient capital appreciation through risk mitigation approaches and optimized wealth transfer through strategic asset structuring.
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