A property in the initial portfolio of Prime US REIT. (Photo: Prime US REIT)

Data from Prime US REIT's latest results have been updated into the Singapore REITs table. 

Another US-focused office REIT has come out to defend the role that offices would play in the future, despite the growing popularity of work-from-home (WFH) arrangements.

This role was re-emphasised during a call with the management of Prime US REIT on 7 August, hours after it released its financial results for 1H 2020.

Prime US REIT reported net property income and distributable income of USD47.5 million and USD35.9 million for the period.

These metrics outperformed the REIT’s IPO projections by 7.6% and 15.0%, respectively.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.