Prime US REIT (“Prime”) has amazingly announced a better than expected results. I was expecting it to have breached its banking covenants after valuation decline. However, its aggregate leverage ratio is still within 50% and that it is giving out bonus units and 10% of its distributable income as dividends while retaining the rest for […]

source: https://thefinance.sg/2024/02/23/prime-us-reit-on-survival-mode-and-signs-of-green-shoots-for-entire-us-office-segment/