星展集团：Prime US REIT运营表现走强，预示着好转

Core Viewpoint - Prime US REIT's strong operational performance indicates an improvement, suggesting that it has passed its worst phase due to better macroeconomic conditions in the US and an improvement in office fundamentals [1] Group 1: Operational Performance - The occupancy rate of Prime US REIT is expected to rise from approximately 80% in the first half of the 2025 fiscal year to around 90% by the end of the 2025 fiscal year or the first quarter of 2026 [1] - The weighted average lease expiry (WALE) is projected to reach 4.7 years, enhancing revenue visibility [1] Group 2: Financial Projections - The improvement in WALE and new leases starting from the second half of the 2025 fiscal year are anticipated to increase net property income by approximately 20% over the next few years [1] - DBS Group has rated the REIT as a "buy" and adjusted the target price to $0.33, despite the REIT's stock price declining by 2.3% to $0.21 [1]