0238 GMT - Prime US REIT looks well-placed to capture increased leasing momentum thanks to its recent fundraising, RHB Research's Vijay Natarajan says in a research report. The fundraising is partly aimed at financing capital expenditure, which is likely to stay high at roughly US$40 million for 2025-2026 owing to tenant incentives and planned asset improvements, the analyst notes. Also, the REIT's payout ratio is expected to be increased to at least 50% from 2H 2025, thanks to improved leasing visibility and a strengthened balance sheet from the recent fundraising. RHB Research raises the unit's target price to US$0.25 from US$0.23 with an unchanged buy rating. Units are 2.5% higher at US$0.205. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 12, 2025 21:38 ET (02:38 GMT)
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