StocksMedium•13 November 2026•
1 min read
Prime US REIT Net Property Income Jumps 24.4% in Q3 2026
Key Facts
1Prime US REIT reported a net property income of $26.9m in Q3, a 24.4% year-on-year increase.
2Distributable income rose 27% to nearly $10.3m during the same period.
3Committed occupancy increased for the sixth consecutive quarter to 84.2%.
Prime US REIT reported a net property income of $26.9 million in the third quarter of 2026, a 24.4% increase on a year-on-year basis. Singapore Business Review reported that distributable income rose 27% to nearly $10.3 million during the same period, while committed occupancy improved for the sixth consecutive quarter to reach 84.2%.
The growth was primarily driven by the commencement of previously signed leases, with leasing volume reaching 131,000 square feet during Q3. According to company data, the REIT has extended its $707.6 million credit facilities and an $86.2 million loan to December 2026 while it works toward completing a longer-term refinancing of its existing debt structure.