Link: https://links.sgx.com/1.0.0/corporate-announcements/UVNVTHD2YV1RO7J7/d9323e8058bcd86f66f6db46f11435cbee616d2e6a85984a8670d29313a9d89d

Summary:

• PRIME US REIT is observing progress in its leasing recovery, with year-over-year leasing activity growth and a +2.6% rental reversion in 1Q 2025.
• The REIT's portfolio is strategically positioned for a net occupancy gain in 2025, supported by the commencement of rent from new leases.
• Financial stability is maintained with a 46.8% Aggregate Leverage, US$91 million in debt headroom, and no debt maturing in 2025.
• The U.S. office market environment shows encouraging signs, including limited new supply and increasing momentum in the return-to-office trend.
• PRIME US REIT remains focused on enhancing unitholder value through maintaining asset quality, driving occupancy, and strengthening fundamentals for growth.