Prime US REIT posts 3.3% YoY lower net property income of US$23.4m in 3Q23

The REIT also reported a lower income available for distribution of US$12.7m.

SGX-listed Prime US REIT reported a 3.3% YoY lower net property income of US$23.4m in 3Q23.

In the same period, the REIT reported a 23.4% YoY decline in its income available for distribution (US$14.7m).

Income available for distribution for 3Q23 would have only declined by 16.6% YoY if the REIT’s manager also elected to receive 100% of its base fee in 2022, which was the setup for 2023.

In 2022, the manager received 20% of its base fee in cash and 80% in units.

Follow the link for more news on

Prime US REIT

Financial Statements

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia