PRIME US REIT declared a dividend of 49 cents for the second half of last year | Lianhe Zaobao
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Prime US REIT paid a distribution of 49 cents per unit in the second half of last year, a significant increase from 11 cents in the same period the previous year. Despite a nearly 19% year-on-year decline in distributable income to USD 12.06 million and a 5.6% drop in net rental income to USD 33.42 million, the trust's occupancy rate was 82.7%, with a weighted average lease term of 5.6 years. For the full year, the trust's distributable income decreased nearly 25% year-on-year to USD 28.73 million, and net rental income fell nearly 9% to USD 69.25 million. The CEO stated that the trust will prudently increase distributions to reward investors
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