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Prime US REIT
(SGX:OXMU)
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Rating:57Neutral
Price Target:
$0.11
▼(-40.00% Downside)
Action:Reiterated
Date:09/19/26
The score is held back primarily by weakened financial quality (declining revenue and a sharp drop in free cash flow despite the return to profitability) and very bearish technicals (below major moving averages with negative momentum). These are partially offset by a supportive valuation profile (P/E of 10 and ~8.45% dividend yield).
Positive Factors
Profitability Recovery
The return to positive net income after losses in 2022–2023 indicates meaningful operating recovery. A 2025 net margin near 15% provides a stronger earnings base, although sustaining this improvement will depend on stabilizing revenue and avoiding renewed volatility.
Negative Factors
Declining Revenue
The repeated decline in revenue points to a weaker top-line trajectory rather than a single-period fluctuation. Persistent softness can constrain future net property income, reduce internal funding capacity, and make it harder to sustain earnings growth without improved leasing or portfolio performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The return to positive net income after losses in 2022–2023 indicates meaningful operating recovery. A 2025 net margin near 15% provides a stronger earnings base, although sustaining this improvement will depend on stabilizing revenue and avoiding renewed volatility.
Read all positive factors
Prime US REIT (OXMU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
$149.50M
Dividend Yield9.49%
Average Volume (3M)1.43M
Price to Earnings (P/E)8.9
Beta (1Y)1.27
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. Volume1,075,930
30 Day Avg. Volume1,431,376
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.35
Price to Sales (P/S)1.98
P/FCF Ratio-26.45
Enterprise Value/Market Cap5.67
Enterprise Value/Revenue6.36
Enterprise Value/Gross Profit13.50
Enterprise Value/Ebitda13.80
Forecast
1Y Price Target
$0.25Price Target Upside38.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.02
Revenue Forecast (FY)$138.37M
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 | -10.89M | -9.97M | 2.31M | 59.56M | 69.93M | 80.65M |
| Operating Cash Flow | 29.91M | 27.51M | 40.51M | 59.56M | 69.93M | 80.65M |
| Investing Cash Flow | -40.80M | -37.48M | 37.18M | -24.43M | -30.12M | -260.36M |
| Financing Cash Flow | 12.47M | 13.50M | -61.95M | -34.97M | -42.08M | 156.18M |
Prime US REIT Technical Analysis
Negative
0.18
Price Trends
0.13
Negative
0.14
Negative
0.16
Negative
Market Momentum
>-0.01
Negative
25.51
Positive
5.98
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 0.11, above the 50-day MA of 0.13, and above the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 25.51 is Positive, neither overbought nor oversold. The STOCH value of 5.98 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | £194.73M | 0.13 | 21.84% | 9.97% | -5.98% | 272.40% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | $262.41M | 10.51 | 5.55% | 10.37% | 2.71% | -14.82% | |
57 Neutral | $149.50M | 8.89 | 2.16% | 9.49% | -1.67% | 461.90% | |
54 Neutral | $150.40M | 36.00 | 0.60% | 4.47% | 3.79% | ― | |
48 Neutral | $130.52M | -4.93 | -6.67% | 3.78% | -3.80% | -16.28% | |
42 Neutral | $58.63M | -1.65 | -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 Key Loan Maturities to Support Long-Term Refinancing
Oct 20, 2026
Prime US REIT has secured further extensions on two major loan facilities held by its wholly owned subsidiaries, pushing the US$550 million credit facilities’ maturity to 15 December 2026 and the US$66.95 million loan tied to Sorrento Towers...
Prime US REIT Seeks Short-Term Loan Extensions Ahead of Longer-Term Refinancing
Oct 19, 2026
Prime US REIT’s manager is working with lenders to secure roughly 60-day extensions on existing loan facilities, with completion expected this week. The short-term extensions are designed to give the manager additional time to arrange longer...
Prime US REIT Issues Qualified Tax Notice on Withholding Exception for Unit Transfers
Sep 25, 2026
Prime US REIT has issued a Qualified Notice for the period from 1 October 2026 to 31 December 2026, confirming that a specific U.S. tax withholding exception applies to transfers of its interests. The trust certifies that it has not been engaged i...
Prime US REIT Details Tax Character of 0.50-Cent Per Unit Distribution
Aug 12, 2026
Prime US REIT has declared a distribution of U.S. 0.50 cents per unit for unitholders on record as of 20 August 2026, payable on 30 September 2026. The trust has issued a qualified notice under U.S. Treasury regulations to clarify the tax characte...
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.