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Starhill Global REIT kept at 'buy' despite unchanged rent from Toshin master lease

Samantha Chiew
Samantha Chiew6/18/2019 11:57 AM GMT+08  • 2 min read
Starhill Global REIT kept at 'buy' despite unchanged rent from Toshin master lease
SINGAPORE (June 18): OCBC Investment Research is keeping its “buy” recommendation on Starhill Global REIT (SGREIT) with a fair value estimate of 80 cents.
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SINGAPORE (June 18): OCBC Investment Research is keeping its “buy” recommendation on Starhill Global REIT (SGREIT) with a fair value estimate of 80 cents.

This follows SGREIT's June 8 announcement that the new base rent under the Toshin master lease, which is for a period of three years from June 8, 2019, remains unchanged from the existing rent.

In a Monday report, analyst Andy Wong Teck Ching says, “This is below our expectations, as we had pencilled in a 5% increase in our assumptions.”

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