Analysts are generally positive on Starhill Global REIT (SG REIT) following its latest 1HFY2021 results announcement.

During the first half ended December, distribution per unit (DPU) stood at 1.88 cents, 16.8% lower than the previous year, largely due to rental assistance for its eligible tenants affected by the Covid-19 pandemic. Gross revenue was 8.6% lower y-o-y at $88.4 million, bringing net property income to $65.0 million, 12.3% lower than the previous year.

On the bright side, actual portfolio occupancy remains resilient at 96.0% in 1HFY2021, with stable retail portfolio occupancy of 96.9%.

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