Prime US REIT's Leasing Momentum Seems Strong -- Market Talk

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Prime US REIT's Leasing Momentum Seems Strong -- Market Talk

Dow Jones2024-11-20

0618 GMT - Prime US REIT's leasing momentum seems to be strong, UOB Kay Hian's Jonathan Koh says in a research report as the brokerage maintains a buy rating. Its volume of leases signed more than doubled on quarter in 3Q, the analyst notes. The REIT focuses on Class A buildings with modern amenities that are sought after by companies to motivate employees to return to the office. The REIT is expected to sign leases for an additional 35,000 square feet at its Waterfront at Washingtonian property by end-2024. However, the brokerage lowers its distribution-per-unit forecast for the REIT by 10% for 2025 and 9% for 2026 due to narrower net-property-income margin assumptions. It trims the target price to US$0.36 from US$0.37. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 20, 2024 01:19 ET (06:19 GMT)

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khorsoo
·01-16
Don't forget they have amazon as their customer and their CEO has mandated them back to office by March
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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 01:19 ET (06:19 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Prime US REIT's Leasing Momentum Seems Strong -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrime US REIT's Leasing Momentum Seems Strong -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 14:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0618 GMT - Prime US REIT's leasing momentum seems to be strong, UOB Kay Hian's Jonathan Koh says in a research report as the brokerage maintains a buy rating. 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Its volume of leases signed more than doubled on quarter in 3Q, the analyst notes. The REIT focuses on Class A buildings with modern amenities that are sought after by companies to motivate employees to return to the office. The REIT is expected to sign leases for an additional 35,000 square feet at its Waterfront at Washingtonian property by end-2024. However, the brokerage lowers its distribution-per-unit forecast for the REIT by 10% for 2025 and 9% for 2026 due to narrower net-property-income margin assumptions. It trims the target price to US$0.36 from US$0.37. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 01:19 ET (06:19 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK6520":"工商业服务概念","NEX.SI":"绿达环球有限公司","BK6512":"房地产股","BK6039":"环境与设施服务","REIT":"ALPS Active REIT ETF","CFA.SI":"NikkoAM-STC Asia REIT","BK6132":"办公室房地产信托","OXMU.SI":"Prime US ReitUSD","BK6099":"办公房地产投资信托"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2484159325","content_text":"0618 GMT - Prime US REIT's leasing momentum seems to be strong, UOB Kay Hian's Jonathan Koh says in a research report as the brokerage maintains a buy rating. Its volume of leases signed more than doubled on quarter in 3Q, the analyst notes. 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