PRIME US REIT posts 3.42 US cents DPU in 2H 2020

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Its DPU in FY2020 exceeds IPO forecasts by 3.6% to US6.94 cents. Real estate investment trust PRIME US REIT posted US3.42 cents distribution per unit (DPU) in 2H 2020 and US6.94 cents in FY 2020, outperforming IPO forecasts by 2.1% and 3.6%, respectively. The increase in PRIME’s distributional income and DPU 2H 2020 was linked to the higher net property income, lower interest costs and other trust expenses. This was driven by contributions from Park Tower, acquired in February 2020, and partially offset by temporary declines in parking revenues. read more