Prime US ReitUSD OXMU

USD 0.111 -0.90% 0.00 Updated 13 Nov 2026, 17:16 SGT
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Company profile

The business, the people and the ownership behind Prime US ReitUSD.

Investor relations ↗Official company website

Business overview

About the company

Prime US REIT invests in income-producing office properties in the United States. Its portfolio comprises freehold Class A office assets spread across multiple US office markets.

Annual Report 2025 ↗ Reviewed 2026-10-23 · Source dated 2026-04-06. PDF p. 3

Listed security

Company & listing

Full Company Name
PRIME US REIT MANAGEMENT PTE. LTD.
Trading Currency
USD
Listing
Listed on 19 July 2019 on MAINBOARD
ISIN Code
SGXC75818630

Board & management

Leadership

Official FY2025 report, financial year ended 31 December 2025; USD financial statements. Units retain original thousands/millions/billions, US cents per unit, US dollars per unit, thousands of units and percentages.

The auditor enumerates Group statements and separate Trust statements of financial position and changes in unitholders’ funds; separate Trust income/distribution/cash-flow statements are not presented.

Five-year chart values span 2021–2025, with precise current callouts separate from rounded bars. Chart summary scope is not explicitly labelled Group/Trust. Historical original-report backfill remains pending.

Original dashes, Nil, N.M. and >100.0 are retained without zero inference. Financial overview change percentages are distinct from monetary columns.

Leadership is the Manager board/team; current CEO/CIO and CFO/COO redesignation is explicitly 1 March 2026, distinct from FY2025 remuneration.

The Manager explicitly does not disclose aggregate total remuneration paid to top five KMP; Cindy Teo is the only disclosed KMP other than CEO.

Richard Peter Bren

Chairman, Non-Executive Director; Member of Nominating and Remuneration Committee

PDF p. 11

Fixed fees: –; total directors’ fees: – (S$).

Directors of Prime US REIT Management Pte. Ltd. PDF p. 69

John R. French

Lead Independent and Non-Executive Director; Chairman, Audit and Risk Committee; Member of Nominating and Remuneration Committee

PDF p. 12

Fixed fees: 113,042; total directors’ fees: 113,042 (S$).

Directors of Prime US REIT Management Pte. Ltd. PDF p. 69

Kevin J. E. Adolphe

Independent Non-Executive Director; Chairman, Nominating and Remuneration Committee; Member of Audit and Risk Committee

PDF p. 12

Fixed fees: 111,681; total directors’ fees: 111,681 (S$).

Directors of Prime US REIT Management Pte. Ltd. PDF p. 69

Stephen Phua Lye Huat

Independent Non-Executive Director; Member of Audit and Risk Committee; Member of Nominating and Remuneration Committee

PDF p. 13

Fixed fees: 94,181; total directors’ fees: 94,181 (S$).

Directors of Prime US REIT Management Pte. Ltd. PDF p. 69

Chua Hsien Yang

Non-Executive Director

PDF p. 13

Fixed fees: –; total directors’ fees: – (S$).

Directors of Prime US REIT Management Pte. Ltd. PDF p. 69

Rahul Rana

Chief Executive Officer; Chief Investment Officer

Prime US REIT Management Pte. Ltd. (Manager) PDF p. 14

Above S$1,000,000 to S$1,250,000; fixed 48%; variable/performance-related 25%; benefits-in-kind –; long-term incentive 27%; total 100%.

Manager CEO PDF p. 70

S$1,207,440; long-term incentive payable in PRIME units over a 3-year period.

Manager CEO PDF p. 70

Re-designated as Chief Executive Officer and Chief Investment Officer of the Manager on 1 March 2026.

Prime US REIT Management Pte. Ltd. (Manager) PDF p. 70

Cindy Teo

Chief Financial Officer; Chief Operating Officer

Prime US REIT Management Pte. Ltd. (Manager) PDF p. 14

Above S$500,000 to S$750,000; fixed 60%; variable/performance-related 20%; benefits-in-kind –; long-term incentive 20%; total 100%.

Manager KMP PDF p. 70

CFO of the Manager since 25 September 2023; re-designated Chief Financial Officer and Chief Operating Officer of the Manager on 1 March 2026.

Prime US REIT Management Pte. Ltd. (Manager) PDF p. 70

Remuneration disclosure

No other stock options granted, or unit-based incentives and awards granted.

Manager directors and KMP PDF p. 70

Roles listed in PRIME US REIT Annual Report 2025; current appointments are not independently verified.

Holdings

Ownership

PDF p. 187

Official FY2025 report, financial year ended 31 December 2025; USD financial statements. Units retain original thousands/millions/billions, US cents per unit, US dollars per unit, thousands of units and percentages.

The auditor enumerates Group statements and separate Trust statements of financial position and changes in unitholders’ funds; separate Trust income/distribution/cash-flow statements are not presented.

Five-year chart values span 2021–2025, with precise current callouts separate from rounded bars. Chart summary scope is not explicitly labelled Group/Trust. Historical original-report backfill remains pending.

Original dashes, Nil, N.M. and >100.0 are retained without zero inference. Financial overview change percentages are distinct from monetary columns.

Registered/depository nominees are distinct from beneficial/direct/deemed holders; interests through overlapping holding chains must not be summed.

Substantial and registered holdings are dated 13 March 2026; director register is dated 21 January 2026, while its printed percentage denominator is 1,437,458,171 Units as at 13 March 2026.

Temasek’s source holding 113,371,578 Units has printed 7.88%, while the disclosed denominator yields 7.8869479674%; original 7.88% is retained. Top20 total 1,207,012,864 Units (83.96%) matches the original total.

KBS Real Estate Investment Trust III, Inc.

Direct: Nil units, Nil%; deemed: 237,426,088 units, 16.52%; total: 237,426,088 units, 16.52%.

As recorded in the Register of Substantial Unitholders’ Unitholdings as at 13 March 2026 As reported at 2026-03-13

KBS REIT Holdings III, LLC

Direct: Nil units, Nil%; deemed: 237,426,088 units, 16.52%; total: 237,426,088 units, 16.52%.

As recorded in the Register of Substantial Unitholders’ Unitholdings as at 13 March 2026 As reported at 2026-03-13

KBS Limited Partnership III

Direct: Nil units, Nil%; deemed: 237,426,088 units, 16.52%; total: 237,426,088 units, 16.52%.

As recorded in the Register of Substantial Unitholders’ Unitholdings as at 13 March 2026 As reported at 2026-03-13

KBS REIT Properties III, LLC

Direct: 237,426,088 units, 16.52%; deemed: Nil units, Nil; total: 237,426,088 units, 16.52%.

As recorded in the Register of Substantial Unitholders’ Unitholdings as at 13 March 2026 As reported at 2026-03-13

Temasek Holdings (Private) Limited

Direct: Nil units, Nil%; deemed: 113,371,578 units, 7.88%; total: 113,371,578 units, 7.88%.

As recorded in the Register of Substantial Unitholders’ Unitholdings as at 13 March 2026 As reported at 2026-03-13

Keppel Ltd.

Direct: Nil units, Nil%; deemed: 80,172,478 units, 5.58%; total: 80,172,478 units, 5.58%.

As recorded in the Register of Substantial Unitholders’ Unitholdings as at 13 March 2026 As reported at 2026-03-13

Keppel Capital Holdings Pte. Ltd.

Direct: Nil units, Nil%; deemed: 80,172,478 units, 5.58%; total: 80,172,478 units, 5.58%.

As recorded in the Register of Substantial Unitholders’ Unitholdings as at 13 March 2026 As reported at 2026-03-13

Mr Richard Peter Bren

Direct: 1,676,162 Units (0.12%); deemed: 21,138,112 Units (1.47%); total: 22,814,274 Units (1.59%).

Manager director; direct interest, deemed interest and total interest; source columns are units then % As reported at 2026-01-21

Mr John R. French

Direct: - Units (-%); deemed: - Units (-%); total: - Units (-%).

Manager director; direct interest, deemed interest and total interest; source columns are units then % As reported at 2026-01-21

Mr Kevin J. E. Adolphe

Direct: - Units (-%); deemed: - Units (-%); total: - Units (-%).

Manager director; direct interest, deemed interest and total interest; source columns are units then % As reported at 2026-01-21

Professor Stephen Phua Lye Huat

Direct: - Units (-%); deemed: - Units (-%); total: - Units (-%).

Manager director; direct interest, deemed interest and total interest; source columns are units then % As reported at 2026-01-21

Mr Chua Hsien Yang

Direct: - Units (-%); deemed: - Units (-%); total: - Units (-%).

Manager director; direct interest, deemed interest and total interest; source columns are units then % As reported at 2026-01-21

Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.

Registered & depository holders 20 holders

Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-03-13 · PDF p. 186

Registered holderInterestShares / unitsSource
DBS NOMINEES (PRIVATE) LIMITED479,574,483 units; 33.36%.PDF p. 1862026-03-13
CITIBANK NOMINEES SINGAPORE PTE LTD137,740,569 units; 9.58%.PDF p. 1862026-03-13
RAFFLES NOMINEES (PTE.) LIMITED82,875,334 units; 5.77%.PDF p. 1862026-03-13
HSBC (SINGAPORE) NOMINEES PTE LTD82,070,693 units; 5.71%.PDF p. 1862026-03-13
MAYBANK SECURITIES PTE. LTD.70,533,189 units; 4.91%.PDF p. 1862026-03-13
KEPPEL CAPITAL INVESTMENT HOLDINGS PTE LTD68,750,000 units; 4.78%.PDF p. 1862026-03-13
DBSN SERVICES PTE. LTD.65,398,835 units; 4.55%.PDF p. 1862026-03-13
TIMES PROPERTIES PRIVATE LIMITED33,199,100 units; 2.31%.PDF p. 1862026-03-13
DBS VICKERS SECURITIES (SINGAPORE) PTE LTD28,853,303 units; 2.01%.PDF p. 1862026-03-13
OCBC SECURITIES PRIVATE LIMITED28,071,819 units; 1.95%.PDF p. 1862026-03-13
PHILLIP SECURITIES PTE LTD25,353,187 units; 1.76%.PDF p. 1862026-03-13
ABN AMRO CLEARING BANK N.V.21,620,955 units; 1.50%.PDF p. 1862026-03-13
IFAST FINANCIAL PTE. LTD.17,263,865 units; 1.20%.PDF p. 1862026-03-13
CGS INTERNATIONAL SECURITIES SINGAPORE PTE. LTD.15,377,112 units; 1.07%.PDF p. 1862026-03-13
DB NOMINEES (SINGAPORE) PTE LTD14,830,342 units; 1.03%.PDF p. 1862026-03-13
MOOMOO FINANCIAL SINGAPORE PTE. LTD.9,962,472 units; 0.69%.PDF p. 1862026-03-13
LEE YIAN PING (LI YANBIN)6,723,970 units; 0.47%.PDF p. 1862026-03-13
TIGER BROKERS (SINGAPORE) PTE. LTD.6,466,177 units; 0.45%.PDF p. 1862026-03-13
EE AH HOCK6,356,200 units; 0.44%.PDF p. 1862026-03-13
UOB KAY HIAN PRIVATE LIMITED5,991,259 units; 0.42%.PDF p. 1862026-03-13

Group structure

Main operating subsidiaries

Official FY2025 report, financial year ended 31 December 2025; USD financial statements. Units retain original thousands/millions/billions, US cents per unit, US dollars per unit, thousands of units and percentages.

The auditor enumerates Group statements and separate Trust statements of financial position and changes in unitholders’ funds; separate Trust income/distribution/cash-flow statements are not presented.

Five-year chart values span 2021–2025, with precise current callouts separate from rounded bars. Chart summary scope is not explicitly labelled Group/Trust. Historical original-report backfill remains pending.

Original dashes, Nil, N.M. and >100.0 are retained without zero inference. Financial overview change percentages are distinct from monetary columns.

All 25 named subsidiary rows in Note7 are preserved; two are comparative-only dissolved entities (18 July 2025 and 15 July 2025), leaving 23 current rows. Interests are effective equity held by the Trust, with 2025/2024 comparative columns. No associate or joint-venture entity schedule is presented in this report.

CompanyMarketOwnership interest
Prime US REIT S1 Pte. Ltd.Direct subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 Singapore; Investment holding; 100%; 100%
Prime US REIT S2 Pte. Ltd.Direct subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 Singapore; Investment holding; 100%; 100%
Prime US REIT S3 Pte. Ltd.Direct subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 Singapore; Investment holding; 100%; 100%
Prime US-Sub REIT, IncIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 United States of America; Investment holding; 100%; 100%
Prime US-Upper Tier, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 United States of America; Investment holding; 100%; 100%
Prime US-Middle Tier, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 United States of America; Investment holding; 100%; 100%
Prime US-Lower Tier, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 United States of America; Investment holding; 100%; 100%
Prime US Properties, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 United States of America; Investment holding; 100%; 100%
Prime US-Acquisition I, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 United States of America; Investment holding; 100%; 100%
Prime US-Acquisition II, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 United States of America; Investment holding; –; 100%
Prime US-Acquisition III, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 United States of America; Investment holding; 100%; 100%
Prime US-Towers At Emeryville, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 United States of America; Property owner; 100%; 100%
Prime US-222 Main, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 158 United States of America; Property owner; 100%; 100%
Prime US-Village Center Station, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%
Prime US-Village Center Station II, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%
Prime US-101 South Hanley, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%
Prime US-Tower At Lake Carolyn, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%
Prime US-Promenade, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%
Prime US-CrossPoint At Valley Forge, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%
Prime US-One Washingtonian, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%
Prime US-Reston Square, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%
Prime US-171 17th Street, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%
Prime US-Park Tower,LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%
Prime US-One Town Center, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; –; 100%
Prime US-Sorrento Towers, LLCIndirect subsidiary; effective equity held by the Trust; columns 2025 then 2024PDF p. 159 United States of America; Property owner; 100%; 100%

Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.

Senior executives

Key management

Key management

ItemValuePeriod / scopeSource
MR RAHUL RANA Chief Executive Officer; Chief Investment Officer Manager PDF p. 14
MS CINDY TEO Chief Financial Officer; Chief Operating Officer Manager PDF p. 14

Extracted from PRIME US REIT Annual Report 2025 and checked against the cited pages; see the original report for full context.

Shareholding statistics

Share capital & shareholders

Share capital

ItemValuePeriod / scopeSource
ISSUED AND FULLY PAID UNITS 1,437,458,171 Units as at 13 March 2026 · As at 2026-03-13 PDF p. 186
Voting rights one vote per Unit as at 13 March 2026 · As at 2026-03-13 PDF p. 186
Class of Units There is only one class of Units in PRIME. PDF p. 186
Market Capitalisation US$247,242,805 based on closing price of US$0.172 per Unit on 13 March 2026 · As at 2026-03-13 PDF p. 186

Treasury shares

ItemValuePeriod / scopeSource
Treasury units and subsidiary holdings There are no treasury units and no subsidiary holdings held. as at 13 March 2026 · As at 2026-03-13 PDF p. 186

Shareholding distribution

ItemValuePeriod / scopeSource
1 - 99 105 holders No. of Unitholders, size band 1 - 99 · As at 2026-03-13 PDF p. 186
1 - 99 2.38% % of Unitholders, size band 1 - 99 · As at 2026-03-13 PDF p. 186
1 - 99 5,187 Units No. of Units, size band 1 - 99 · As at 2026-03-13 PDF p. 186
1 - 99 0.00% % of Units, size band 1 - 99 · As at 2026-03-13 PDF p. 186
100 - 1,000 180 holders No. of Unitholders, size band 100 - 1,000 · As at 2026-03-13 PDF p. 186
100 - 1,000 4.07% % of Unitholders, size band 100 - 1,000 · As at 2026-03-13 PDF p. 186
100 - 1,000 90,608 Units No. of Units, size band 100 - 1,000 · As at 2026-03-13 PDF p. 186
100 - 1,000 0.01% % of Units, size band 100 - 1,000 · As at 2026-03-13 PDF p. 186
1,001 - 10,000 1,706 holders No. of Unitholders, size band 1,001 - 10,000 · As at 2026-03-13 PDF p. 186
1,001 - 10,000 38.61% % of Unitholders, size band 1,001 - 10,000 · As at 2026-03-13 PDF p. 186
1,001 - 10,000 7,783,549 Units No. of Units, size band 1,001 - 10,000 · As at 2026-03-13 PDF p. 186
1,001 - 10,000 0.54% % of Units, size band 1,001 - 10,000 · As at 2026-03-13 PDF p. 186
10,001 - 1,000,000 2,384 holders No. of Unitholders, size band 10,001 - 1,000,000 · As at 2026-03-13 PDF p. 186
10,001 - 1,000,000 53.95% % of Unitholders, size band 10,001 - 1,000,000 · As at 2026-03-13 PDF p. 186
10,001 - 1,000,000 158,303,263 Units No. of Units, size band 10,001 - 1,000,000 · As at 2026-03-13 PDF p. 186
10,001 - 1,000,000 11.01% % of Units, size band 10,001 - 1,000,000 · As at 2026-03-13 PDF p. 186
1,000,001 AND ABOVE 44 holders No. of Unitholders, size band 1,000,001 and above · As at 2026-03-13 PDF p. 186
1,000,001 AND ABOVE 0.99% % of Unitholders, size band 1,000,001 and above · As at 2026-03-13 PDF p. 186
1,000,001 AND ABOVE 1,271,275,564 Units No. of Units, size band 1,000,001 and above · As at 2026-03-13 PDF p. 186
1,000,001 AND ABOVE 88.44% % of Units, size band 1,000,001 and above · As at 2026-03-13 PDF p. 186
TOTAL 4,419 holders Total No. of Unitholders · As at 2026-03-13 PDF p. 186
TOTAL 1,437,458,171 Units Total No. of Units · As at 2026-03-13 PDF p. 186

Free float

ItemValuePeriod / scopeSource
FREE FLOAT 72.89% Units held in the hands of the public as at 13 March 2026 · As at 2026-03-13 PDF p. 187
FREE FLOAT Rule 723 of the Listing Manual of the SGX-ST is complied with. as at 13 March 2026 · As at 2026-03-13 PDF p. 187

Extracted from PRIME US REIT Annual Report 2025 and checked against the cited pages; see the original report for full context.

Related parties, people & properties

Other disclosures

Related party transactions

ItemValuePeriod / scopeSource
Prime US REIT Management Pte Ltd – Manager’s base management fees 3,329 US$'000 FY2025, Manager of PRIME; excluding Rule 920 mandate column PDF p. 185
Manager’s performance fee 1,239 US$'000 FY2025, Prime US REIT Management Pte Ltd (Manager of PRIME) PDF p. 185
Trustee fees 182 US$'000 FY2025, DBS Trustee Limited (Trustee of PRIME) PDF p. 185
Marketing & advertising 123 US$'000 FY2025, KBS Realty Advisors, LLC and related entities (Sponsor-related entity) PDF p. 185
Property audit fees 154 US$'000 FY2025, KBS Realty Advisors, LLC and related entities (Sponsor-related entity) PDF p. 185
Total 5,027 US$'000 FY2025, all interested persons PDF p. 185

Contingent liabilities

ItemValuePeriod / scopeSource
Capital commitments in respect of investment properties 45,753 US$'000 Group, 2025 (2024: 18,538) · As at 2025-12-31 PDF p. 184

Director remuneration

ItemValuePeriod / scopeSource
Mr John Robert French 113,042 S$ FY2025 total Directors' Fees PDF p. 69
Mr Kevin J. E. Adolphe(2) 111,681 S$ FY2025 total Directors' Fees PDF p. 69
Professor Stephen Phua(3) 94,181 S$ FY2025 total Directors' Fees PDF p. 69
Mr. Rahul Rana(2) Above S$1,000,000 to S$1,250,000 FY2025 CEO remuneration band PDF p. 70

Properties

ItemValuePeriod / scopeSource
Land Tenure Freehold 222 Main, 171 17th Street, Village Center Station II, Park Tower (plus portfolio column) · As at 2025-12-31 PDF p. 25
Land Tenure Freehold Sorrento Towers, Tower 909, CrossPoint, The 101, Promenade I & II · As at 2025-12-31 PDF p. 26
Land Tenure Freehold Waterfront at Washingtonian, Village Center Station I, Tower I at Emeryville, Reston Square · As at 2025-12-31 PDF p. 27

Subsequent events

ItemValuePeriod / scopeSource
Distribution On 11 February 2026, the Manager announced a cumulative distribution per Unit of 0.25 US cents for the period from 6 October 2025 to 31 December 2025. Note 24 Subsequent events PDF p. 184

Extracted from PRIME US REIT Annual Report 2025 and checked against the cited pages; see the original report for full context.

Source: PRIME US REIT Annual Report 2025 ↗

Corporate information

Registration & contacts

Incorporated In
SINGAPORE
Incorporated On
07 Jul 2018
Email
[email protected]
Telephone
SGP 69518092
Registered Office
1 Raffles Place
#40-01
One Raffles Place
Singapore 048616
Secretary
Lun Chee Leong
Registrar / Transfer Agent
BOARDROOM CORPORATE & ADVISORY SERVICES PTE. LTD.
Registrar Address
1 Harbourfront Avenue, Keppel Bay Tower, #14-07, Singapore 098632
Auditors
ERNST & YOUNG LLP
Other Stock Exchange Listings
*SINGAPORE EXCHANGE LTD.
Country
SINGAPORE
Security Type
reits