In its latest FY2021 ended June results, Starhill Global REIT (SGREIT) recorded a 33.4% y-o-y increase in DPU to 3.95 cents. This came on the back of a slight 0.3% y-o-y increase in gross revenue to $181.3 million, bringing net property income to $134.7 million, 2.0% higher than last year.

The REIT’s results came in exceeding most analysts’ forecasts. With that, DBS Group Research, RHB Group Research and CGS-CIMB Research are keeping their “buy” recommendations on the stock with target prices of 75 cents, 68 cents and 71 cents respectively.

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