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Is this REIT over the hill?

Jude Chan
Jude Chan8/1/2017 01:15 PM GMT+08  • 3 min read
Is this REIT over the hill?
SINGAPORE (Aug 1): RHB Research is downgrading Starhill Global Real Estate Investment Trust (SG REIT) to “neutral”, from “buy”, with an unchanged target price of 81 cents on the back of limited upside ahead.
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SINGAPORE (Aug 1): RHB Research is downgrading Starhill Global Real Estate Investment Trust (SG REIT) to “neutral”, from “buy”, with an unchanged target price of 81 cents on the back of limited upside ahead.

Starhill Global REIT “lacks a strong catalyst,” say RHB analyst Vijay Natarajan in a Tuesday report.

The REIT posted a 5.0% decline in full-year distribution per unit (DPU) to 4.92 cents for the FY16/17 ended June, from 5.18 cents a year ago.


See: Starhill Global REIT 4Q DPU falls 8.5% to 1.18 cents

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