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Analysts neutral on Starhill Global REIT as results stood below expectations; Soochow CSSD downgrades to 'hold'

Felicia Tan
Felicia Tan1/28/2022 10:27 PM GMT+08  • 3 min read
Analysts neutral on Starhill Global REIT as results stood below expectations; Soochow CSSD downgrades to 'hold'
OCBC has given the REIT a target price of 61 cents, while Soochow CSSD has given it a target price of 68 cents.
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Analysts from OCBC Investment Research (OIR) and Soochow CSSD Capital Markets have rated “hold” on Starhill Global REIT, with the recommendation from the latter being a downgrade.

The lacklustre recommendation was due to the REIT’s weaker-than-expected results for the 1HFY2021/2022 ended December.

For the 1HFY2021/2022, Starhill Global REIT reported a distribution per unit (DPU) of 1.78 cents, down 5.3% y-o-y, with the decline largely attributed to the $3.1 million in distributions given out in the same period the year before.

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