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Prime US REIT
(SGX:OXMU)
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Rating:57Neutral
Price Target:
$0.17
▼(-6.67% Downside)
Action:Reiterated
Date:08/06/26
The score is driven mainly by mixed financial performance: strong operating margins and a return to profitability are offset by declining revenue, weaker free cash flow, and meaningful leverage with modest returns. Technicals are neutral-to-weak with the price still below longer-term averages and negative MACD. Valuation is a relative positive due to a low P/E and a moderate dividend yield.
Positive Factors
High operating margins
Sustained high gross and EBIT margins provide a durable earnings buffer for an office REIT, helping absorb rental volatility and vacancy shocks. The return to positive net income in 2024–2025 signals operational resiliency and supports longer-term distributable income if margins persist.
Negative Factors
Declining revenue trend
Persistent top-line decline weakens the foundation for a cash-flow REIT: lower rent roll or occupancy erodes NOI and constrains margin sustainability. Over a 2–6 month horizon this trend limits distributable income growth and forces reliance on rent increases or acquisitions to sustain distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
High operating margins
Sustained high gross and EBIT margins provide a durable earnings buffer for an office REIT, helping absorb rental volatility and vacancy shocks. The return to positive net income in 2024–2025 signals operational resiliency and supports longer-term distributable income if margins persist.
Read all positive factors
Prime US REIT (OXMU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
$205.56M
Dividend Yield6.91%
Average Volume (3M)727.86K
Price to Earnings (P/E)12.2
Beta (1Y)1.19
Revenue Growth-1.67%
EPS Growth461.90%
CountrySG
Employees6
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,437,458,100
10 Day Avg. Volume478,900
30 Day Avg. Volume727,860
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.35
Price to Sales (P/S)1.98
P/FCF Ratio10.15
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$0.29Price Target Upside61.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.02
Revenue Forecast (FY)$139.99M
Prime US REIT Business Overview & Revenue Model
Company Description
PRIME US REIT ("PRIME") operates as a diversified, Singapore-listed real estate investment trust, focusing its investments primarily on stable, revenue-generating office properties located across the United States. The trust provides investors wit...
How the Company Makes Money
Prime US REIT makes money primarily by collecting rental income from tenants leasing space in its U.S. commercial properties. Its core revenue stream is base rent under lease agreements, which may be structured as long-term leases; depending on le...
Prime US REIT Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 133.19M | 133.43M | 132.37M | 159.89M | 163.01M | 156.74M |
| Gross Profit | 62.79M | 64.63M | 62.96M | 87.02M | 90.06M | 92.98M |
| EBITDA | 61.41M | 61.87M | 41.04M | 73.52M | 89.41M | 92.48M |
| Net Income | 16.31M | 20.33M | 8.05M | -115.84M | -26.92M | 68.19M |
Balance Sheet | ||||||
| Total Assets | 1.47B | 1.44B | 1.39B | 1.44B | 1.59B | 1.67B |
| Cash, Cash Equivalents and Short-Term Investments | 38.60M | 31.03M | 27.48M | 11.76M | 11.58M | 13.87M |
| Total Debt | 654.69M | 638.02M | 637.27M | 696.55M | 665.57M | 628.97M |
| Total Liabilities | 718.21M | 684.85M | 678.32M | 730.46M | 695.26M | 681.85M |
| Stockholders Equity | 755.23M | 754.88M | 716.38M | 713.65M | 893.79M | 991.08M |
Cash Flow | ||||||
| Free Cash Flow | -8.41M | 26.00M | 33.99M | 61.20M | 59.69M | 79.59M |
| Operating Cash Flow | 47.87M | 63.48M | 72.19M | 85.63M | 89.18M | 95.69M |
| Investing Cash Flow | -40.70M | -37.35M | 37.85M | -24.34M | -30.11M | -260.36M |
| Financing Cash Flow | 12.47M | -22.60M | -94.31M | -61.12M | -61.34M | 141.14M |
Prime US REIT Technical Analysis
Negative
0.18
Price Trends
0.15
Negative
0.16
Negative
0.17
Negative
Market Momentum
>-0.01
Positive
25.80
Positive
-36.51
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:OXMU, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.15, and above the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 25.80 is Positive, neither overbought nor oversold. The STOCH value of -36.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:OXMU.
Prime US REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | £197.92M | 0.13 | 21.84% | 9.35% | -5.98% | 272.40% | |
61 Neutral | $294.97M | 11.86 | 5.55% | 11.59% | 2.71% | -14.82% | |
57 Neutral | $205.56M | 12.22 | 2.16% | 6.91% | -1.67% | 461.90% | |
54 Neutral | $127.62M | -4.50 | -6.67% | 4.15% | -3.80% | -16.28% | |
54 Neutral | $180.69M | 43.50 | 0.60% | 3.72% | 3.79% | ― | |
46 Neutral | $81.72M | -2.40 | -10.70% | 16.96% | -25.31% | 87.46% |
* Real Estate Sector Average
SG:OXMU
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Prime US REIT Corporate Events
Prime US REIT Extends US$616.95 Million in Loan Maturities
Jul 22, 2026
Prime US REIT has secured extensions on two key loan facilities, pushing the maturity of a US$550 million credit line for Prime US-Lower Tier, LLC to 16 October 2026 and a US$66.95 million loan for Prime US-Sorrento Towers, LLC to 20 October 2026....
Prime US REIT Confirms Withholding Exception on Unit Transfers for 92-Day Period
Jun 26, 2026
Prime US REIT has issued a Qualified Notice for the period from 1 July 2026 to 30 September 2026, confirming that an exception under U.S. Treasury Regulation § 1.1446(f)-4(b)(3)(ii)(A) applies to transfers of its interests. The REIT states it...
Prime US REIT Signals Stable Outlook and Prudent Strategy at 2026 AGM
May 28, 2026
Prime US REIT held its annual general meeting in Singapore on 28 April 2026, where its board, management and advisers briefed unitholders on the trust’s performance for FY2025 and operational strategy. Management highlighted efforts to enhan...
Prime US REIT fully deploys US$25m placement to bolster leasing and capex
May 12, 2026
Prime US REIT has fully deployed the US$25 million raised from its earlier private placement of 129.2 million new units, with the manager reallocating an additional US$10.9 million from interim debt repayment to fund capital expenditure, tenant in...
Prime US REIT lifts occupancy, locks in future cash flows to raise payout
May 12, 2026
Prime US REIT reported continued leasing momentum in the first quarter of 2026, with committed occupancy edging up to 83.1% and leasing volume of 99,000 square feet delivering a 4.0% positive rental reversion. The trust’s weighted average le...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.