Prime Us Reit · SGX:OXMU
Prime Us Reit — Shareholder Meeting (June 2020)
16 slides from Prime Us Reit's shareholder meeting presentation, Jun 17, 2020
Slide 1: Annual General Meeting
Annual General Meeting 17 June 2020 www.primeusreit.com
Slide 2: Important Notice
2 This document may contain forward-looking statements An investment in Units is subject to investment risks, Important that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ including the possible loss of the principal amount invested. Holders
Slide 3: Agenda
3 Agenda Key Highlights 01 Milestones 02 Portfolio Performance 03 Looking Ahead and 04 COVID-19 Update ANNUAL GENERAL MEETING | JUNE 2020
Slide 4: Delivering Performance and Stability
4 Delivering Performance and Stability IPO listing Inclusion in MSCI Outperformed Accretive Restructured Our Sponsors: Singapore IPO Forecast acquisition of debt to provide Small Cap Index Park Tower interest cost 2019 DPU of improved trading US 3.15 cents for $165.5M savings liquidity 7.5% higher t
Slide 5: Q1 2020 Key Highlights
5 1 2 Q1 2020 Completed Accretive Acquisition of Park Resilient Portfolio Key Tower for US$165.5 M • Portfolio 94.9% occupancy 96.1% leased • WALE of 4.9 years • Well diversified portfolio - no one AUM increased 13.6% to US$1.42 Highlights billion1, adding new market and broader industry sector dive
Slide 6: Our Differentiated Proposition
6 Our Quality Diversity Stability & Growth Differentiated • Class A • Growth Markets • Balance Sheet Proposition • Established Tenants • Industry Sectors • Cash Flows in US Office • Depth of Real Estate DNA • Tenant Base • Locations ANNUAL GENERAL MEETING | JUNE 2020
Slide 7: Financially Strong and Committed Sponsor Group
7 Financially Strong and Committed Sponsor Group Three decades of experience as leading US Office player Preeminent player in Singapore Financial commitment to the real estate and REIT markets. REIT and Manager Transacted US$42b with over $8 bn of AUM Keppel DC REIT CEO active Active representation
Slide 8: Focus on Growing Cities
8 Focus on Growing Cities In established and growth markets State Metro Property Sq. Ft. Occupancy1 Village Center Colorado Denver 241,846 87.2% Station I Village Center 325,576 100% Station II Missouri St. Louis 101 S. Hanley 360,505 95.7% Utah Salt Lake City 222 Main 433,346 94.4% Texas Dallas Tow
Slide 9: Balanced Industry Sector Diversification
9 Balanced Industry Sector Diversification 4.2% Top 10 Tenants1 Government Leased % of Portfolio Tenant Industry Credit Rating Property Sq.Ft. CRI 12.5% 15.3% Communications Others Charter Village Center Communications Moody's: Ba1 419,881 9% Communications Station I & II 4.0% Moody's: A3 Healthcare
Slide 10: Proactive Lease Management
10 Proactive Lease Management 1.3% by CRI of portfolio leased in 1Q 2020 4.9 yrs WALE 6.3% Positive rental reversion 50% 45.7% 43.5% 38% 25% 17.3% 15.7% 15.7% 15.5% 13% 8.9% 9.1% 8.0% 8.9% 6.0% 5.7% 0% 2020 2021 2022 2023 2024 2025 & Beyond By NLA By CRI ANNUAL GENERAL MEETING | JUNE 2020
Slide 11: Robust Balance Sheet
11 Robust Balance Sheet Tenant Q4 2019 Q1 2020 Near-Term Maturities Gearing 33.7% 33.7% Interest Coverage 5.5x 5.8x 160 $160 M $160 M 33% 33% $1,650 % Fixed Rate 88.0% 89.1% 120 $105 M 4.8 years / Average Debt Maturity 5.2 years Billions 21% 5.4 yrs1 Millions $937 $913 80 $63 M $700 13% Available Un
Slide 12: Navigating Near Term COVID-19 Impact
12 Navigating Near Term COVID-19 Impact Rent Collections Re-occupancy Plan Leasing Strategies • April and May collections • All 50 states have • Lease extensions are at 99% commenced phased re-openings • Lease expansions • Continued Tenant Engagement • Preparing properties for • Benefit from de-dens
Slide 13: Focus on Health and Safety
13 Focus on Health and Safety Re-occupancy Strategy Cleaning Physical Distancing • Frequent and Deep Cleaning • Occupant Density Monitoring • Air & Water Quality Ventilation • Access & Elevators Improvements • Shared Conference Rooms • Technology Solutions including & Amenity Spaces efficient UV Lig
Slide 14: Perspective on the Future of Office
14 Demand Work From Home Perspective • Pre-COVID, corporates had WFH policies in place • Established professional and financial on the Future services sectors provide stable base of demand • Companies with WFH policies still require office space for efficiency, creativity, and collaboration • Growin
Slide 15: Durable Today, Positioned To Thrive
15 Durability Maintain durability and Durable financial flexibility with strong balance sheet and ample liquidity Today Positioned To Thrive Stability Deliver stable and sustainable DPU Resiliency Resiliency through continued diversity through operational of markets and excellence and industry secto
Slide 16: Get in Touch
Get in Touch hello@primeusreit.com +65 6951 8090 www.primeusreit.com 1 Raffles Place #40-01 One Raffles Place www.primeusreit.com