Starhill Global REIT

Results

Starhill Global REIT 3QFY2023/2024 NPI down 0.9% y-o-y, gearing rises to 37.2%

One of the REIT’s properties is the Wisma Atria mall along Singapore’s Orchard Road shopping belt.
Isetan (Singapore)'s controlling shareholder makes privatisation offer at $7.20 per share - THE EDGE SINGAPORE

Company in the news

Isetan (Singapore)'s controlling shareholder makes privatisation offer at $7.20 per share

The offer price is at a premium of 173.4% over the last traded price of $2.63 on March 28.

Results

Starhill Global REIT's 1HFY2023/2024 DPU down 2.2% y-o-y to 1.78 cents

Distributable income for the 1HFY2023/2024 fell by 3.8% y-o-y to $41.9 million, due due to higher net financing costs.
RHB raises target price for Starhill Global REIT following master lease renewal with anchor tenant - THE EDGE SINGAPORE

Broker's Calls

RHB raises target price for Starhill Global REIT following master lease renewal with anchor tenant

Natarajan has raised his FY2026 DPU by 3% and FY2027 DPU by 5%

REITs

Starhill Global REIT obtains its first sustainability-linked facility of $50 mil

The REIT has entered into a facility agreement with DBS for a five-year unsecured sustainability-linked multicurrency facility.
RHB downgrades Starhill Global REIT to 'neutral' on arbitration overhang - THE EDGE SINGAPORE

Broker's Calls

RHB downgrades Starhill Global REIT to 'neutral' on arbitration overhang

"This case will act as an overhang and cap share price amid a sluggish overall interest towards REITs."

Broker's Calls

RHB sees boost for Starhill Global REIT from return of high end tourists

Starhill's Orchard malls are set to benefit from the return of Indonesian visitors, which prefer to stay and spend more there.
Starhill Global REIT reports stronger 3Q revenue and NPI, sees improvements across all geographies - THE EDGE SINGAPORE

Results

Starhill Global REIT reports stronger 3Q revenue and NPI, positive outlook across all geographies

The REIT is positive on its prospects in Singapore, Malaysia and Australia.

Results

Starhill REIT reports 1HFY21/22 DPU of 1.78 cents

Revenue for 1HFY21/22 rose by 2.9% over the previous corresponding period to $9 million, while NPI grew by 7.2% to $69.6 million.
Starhill REIT 1QFY21/22 NPI up 15.1% y-o-y  - THE EDGE SINGAPORE

Results

Starhill REIT 1QFY21/22 NPI up 15.1% y-o-y

Gross revenue also grew, mainly due to lower rental assistance to tenants of the portfolio and lower expenses.
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