XSESOXMU
Market cap223mUSD
Dec 23, Last price
0.17USD
1D
0.59%
1Q
-9.52%
IPO
-82.37%
Name
Prime US REIT
Chart & Performance
Profile
Prime US REIT (PRIME) is a diversified Singapore real estate investment trust ("REIT") with a focus on stabilised income-producing office assets in the United States ("U.S."). PRIME offers investors a unique exposure to a high-quality portfolio of 12 prime and freehold office properties, strategically located in ten primary markets in the U.S., with a total appraised value of US$1.42 billion. With a geographically diversified portfolio of strategically-located prime office assets in key U.S. office markets, PRIME is well-positioned to achieve its key objectives to provide Unitholders with regular and stable distributions through long-term growth in distributions per unit and net asset value per unit growth while maintaining an appropriate capital structure.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | |
Income | ||||||||
Revenues | 159,894 3.49% | 154,504 6.75% | 144,735 6.26% | |||||
Cost of revenue | 73,478 | 75,419 | 65,429 | |||||
Unusual Expense (Income) | ||||||||
NOPBT | 86,416 | 79,085 | 79,306 | |||||
NOPBT Margin | 54.05% | 51.19% | 54.79% | |||||
Operating Taxes | 45 | (13,890) | 4,709 | |||||
Tax Rate | 0.05% | 5.94% | ||||||
NOPAT | 86,371 | 92,975 | 74,597 | |||||
Net income | (115,837) 330.35% | (26,917) -139.47% | 68,188 193.80% | |||||
Dividends | (64,317) | (76,852) | (69,441) | |||||
Dividend yield | 18.67% | 14.68% | 6.80% | |||||
Proceeds from repurchase of equity | 80,000 | |||||||
BB yield | -7.84% | |||||||
Debt | ||||||||
Debt current | 478,403 | (6,777) | (9,329) | |||||
Long-term debt | 218,143 | 665,572 | 628,973 | |||||
Deferred revenue | 6,777 | 9,033 | ||||||
Other long-term liabilities | 4,238 | 3,945 | 3,428 | |||||
Net debt | 669,078 | 617,260 | 604,191 | |||||
Cash flow | ||||||||
Cash from operating activities | 85,627 | 89,179 | 95,687 | |||||
CAPEX | (24,429) | (29,489) | (16,097) | |||||
Cash from investing activities | (24,338) | (30,105) | (260,360) | |||||
Cash from financing activities | (61,122) | (61,338) | 141,142 | |||||
FCF | 1,600,564 | 200,484 | (165,775) | |||||
Balance | ||||||||
Cash | 11,756 | 11,581 | 13,873 | |||||
Long term investments | 15,712 | 29,954 | 1,580 | |||||
Excess cash | 19,473 | 33,810 | 8,216 | |||||
Stockholders' equity | 713,655 | 1,547,909 | 1,641,912 | |||||
Invested Capital | 1,394,966 | 1,524,625 | 1,609,388 | |||||
ROIC | 5.92% | 5.93% | 5.00% | |||||
ROCE | 6.11% | 5.10% | 4.86% | |||||
EV | ||||||||
Common stock shares outstanding | 1,435,347 | 1,292,784 | 1,222,782 | |||||
Price | 0.24 -40.74% | 0.41 -51.50% | 0.84 5.70% | |||||
Market cap | 344,483 -34.21% | 523,577 -48.72% | 1,021,023 13.38% | |||||
EV | 1,013,561 | 1,794,953 | 2,276,042 | |||||
EBITDA | 86,416 | 79,085 | 79,306 | |||||
EV/EBITDA | 11.73 | 22.70 | 28.70 | |||||
Interest | 26,248 | 19,454 | 15,121 | |||||
Interest/NOPBT | 30.37% | 24.60% | 19.07% |