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PRIME US REIT: Survivial Mode, Need for Deleveraging to Protect Itself

PRIME US REIT has released its 3Q results. Net property income has reduced slightly and leverage ratio has remained at 43.7%. With an expected downward valuation in properties, my take is that the leverage ratio will be at 49-50% for its 4Q results ; this means the Interest Coverage ratio (ICR) is key to the […]

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