Prime US REIT (OXMU) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Prime US REIT $0.24, price $0.12, upside +103.4%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range $0.0736 – $0.5213 · fair‑value band $0.1800 – $0.2900 · the $0.1180 price screens below the $0.2400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Prime US REIT listed on the Main Board of the Singapore Exchange on 19 July 2019, is a well-diversified real estate investment trust focused on stabilized income-producing office assets in the United States.
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Prime US REIT listed on the Main Board of the Singapore Exchange on 19 July 2019, is a well-diversified real estate investment trust focused on stabilized income-producing office assets in the United States. With the objective to achieve long-term growth in distributions per unit and net asset value per unit while maintaining a robust capital structure, PRIME offers investors unique exposure to a high-quality portfolio of 13 Class A freehold office properties which are strategically located in 12 key U.S. office markets. PRIME's portfolio has a total carrying value of US1.4 billion dollars as of 31 December 2025. Prime US REIT was incorporated in 2018 in Singapore.
Stock analysis
Prime US REIT (OXMU) currently trades at $0.1180, while our model-based Fair Value estimate is $0.2400, implying the stock looks roughly 50.8% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $0.3500 per share, and 8 of the 12 models we run sit above the $0.1180 price.
Bear case: the DCF Models group reads lowest at $0.0700, and 4 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.1800 (bear) to $0.2900 (bull), the price of $0.1180 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Prime US REIT reported revenue of $124M in FY2025 versus $145M in FY2021, a compound −3.7%/yr. Reported net income was $20.3M in FY2025, compounding −26.1%/yr from FY2021.
Key figures
Market cap $170M · P/E ratio 11.8 · P/S ratio 1.93 · EPS (TTM) $0.0100 · Dividend yield 4.1% · Net margin 16.4% · Return on equity 2.2% · Return on assets (EBIT) 5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 46% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −1% fair-value upside, at 103%, OXMU screens cheaper than that median.
Fair Value models
Bear $0.1800Fair Value $0.2400Bull $0.2900
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.0039 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−6.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.8%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−13.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.2%
Dividend (yield on the price)4.1%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.60% → 50%
⚠ Revenue per share shrinking 4.6%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+27.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +24.5% a year for the price and +6.2% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Office · 69 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside+103.4% · Top 25%
Profitability
Return on equity (TTM)2.2% · Above median
Return on assets2.6% · Above median
Net margin (TTM)12.3% · Above median
Operating margin (TTM)45.6% · Above median
Growth and dividend
Revenue growth−0.4% · Below median
Dividend yield (TTM)4.1% · Bottom 25%
Balance sheet
Debt / equity0.76× · Above median
Valuation Multiplesvs REIT - Office median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Prime US REIT Fair Value". https://www.fairvalue-calculator.com/stock/OXMU
Frequently asked questions
Is Prime US REIT (OXMU) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of $0.2400 versus a price of $0.1180, about +103% upside (undervalued).
What is the fair value of OXMU?
Our model-based fair value for Prime US REIT is $0.2400 (as of Sep 27, 2026), built from audited fundamentals. The current price: $0.1180.
What is the quality score of OXMU?
Prime US REIT has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Prime US REIT (OXMU)?
Our model-based price target is the fair value of $0.2400 (as of Sep 27, 2026) from 14 valuation models. Cautious scenario $0.1800, optimistic scenario $0.2900. It is a calculation from audited fundamentals, not an analyst target.
What is the Prime US REIT stock forecast for 2026?
Our models put fair value at $0.2400, about +103% upside versus a price of $0.1180 (undervalued). Cautious scenario $0.1800, optimistic scenario $0.2900. The calculation is refreshed regularly with new filings.
What is the revenue of Prime US REIT (OXMU)?
Prime US REIT reported trailing-twelve-month revenue of about $133M (latest available figure, as of Sep 27, 2026).
Does Prime US REIT pay a dividend?
Prime US REIT currently shows a dividend yield of about 4.10% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Prime US REIT (OXMU)?
For today's price to be fair in a discounted-cash-flow model, Prime US REIT would have to grow free cash flow by +27.5 % per year for five years (discount rate 14.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.8 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of OXMU use?
Our models discount Prime US REIT at 14.5 %: a base by market capitalisation (micro), damped by beta 1.65, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Prime US REIT that is +27.5 % per year a year over ten years, using the same discount rate (14.5 %) and the same formula as our fair value.
How much growth has Prime US REIT (OXMU) delivered so far?
Over the past 5 years revenue at Prime US REIT grew -2.8 % a year. The price currently implies +27.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Prime US REIT (OXMU) growing?
The median revenue growth in the sector is +2.0 % a year. That is the yardstick for the growth priced into Prime US REIT (+27.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Prime US REIT (OXMU)?
The free-cash-flow yield on the price is 19.63 %: that much free cash flow Prime US REIT produces per unit of market value. When it exceeds the discount rate of our models (14.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Prime US REIT (OXMU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Prime US REIT it is $0.2400 per share (as of Sep 27, 2026), against a price of $0.1180. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Prime US REIT stock overvalued or undervalued in 2026?
As of Sep 27, 2026, OXMU trades below its calculated fair value: price $0.1180, fair value $0.2400, a gap of about +103% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of OXMU?
No. The price is what the market pays today ($0.1180); the fair value is what the company's own numbers justify ($0.2400). For Prime US REIT the two are $0.1220 per share apart. That gap is exactly why we show both numbers side by side.
How much is Prime US REIT worth?
The market values Prime US REIT at about $170M (market capitalisation, as of Sep 27, 2026). Per share that is $0.1180; our models calculate a fair value of $0.2400 per share.
What do the bullish and bearish scenarios say about OXMU?
Our models span a range for Prime US REIT: cautious scenario $0.1800, base $0.2400, optimistic $0.2900 per share (as of Sep 27, 2026, price $0.1180). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OXMU?
Prime US REIT trades at a price-to-earnings ratio of 11.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.2400 is built from several models across several years. Other multiples: P/B 0.2, P/S 1.3.
How solid is the balance sheet of Prime US REIT (OXMU)?
Balance-sheet figures for Prime US REIT (as of Sep 27, 2026): return on equity 2.2%, debt of 0.76 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is OXMU from its 52-week high?
Prime US REIT trades at $0.1180, about 46% below its 52-week high of $0.2202 and 2% above the low of $0.1160 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of $0.2400 is for.
Which stocks are comparable to Prime US REIT?
From the same area (Real Estate) we also value BXP, Inc, Vornado Realty Trust, Alexandria Real Estate Equities, Inc, MERLIN Properties SOCIMI, S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Prime US REIT stock attractive at the current price?
The data as of Sep 27, 2026: price $0.1180, calculated fair value $0.2400 (+103%), Quality Score 38/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of OXMU calculated?
We run Prime US REIT through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.2400, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Prime US REIT currently trades 51 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Prime US REIT (OXMU)?
The closing price on Oct 1, 2026 was $0.1180. Our model-based fair value is $0.2400, about +103% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Prime US REIT right now?
The large discount to fair value meets weak quality (38/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($0.1800). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Prime US REIT
How large is the market capitalisation of Prime US REIT (OXMU)?
The market capitalisation of Prime US REIT is $170M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Prime US REIT (OXMU)?
The price-to-sales ratio of Prime US REIT is 1.93 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Prime US REIT (OXMU)?
Earnings per share at Prime US REIT are $0.0100 (price ÷ EPS = P/E 11.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Prime US REIT (OXMU)?
The dividend yield of Prime US REIT is 4.1% (payout 48.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Prime US REIT (OXMU)?
The net margin of Prime US REIT is 16.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Prime US REIT (OXMU)?
The return on equity (ROE) of Prime US REIT is 2.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Prime US REIT (OXMU)?
On an EBIT basis the return on assets of Prime US REIT is 5.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Prime US REIT (OXMU)?
The operating margin of Prime US REIT is 45.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Prime US REIT (OXMU)?
Revenue at Prime US REIT is growing −0.4% versus a year earlier (3y avg −7.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Prime US REIT (OXMU)?
Earnings per share at Prime US REIT are growing −54.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Prime US REIT (OXMU) carry?
The net debt of Prime US REIT is $607M (fiscal year 2025, ≈ 23.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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