For the 1HFY2021/2022, Starhill Global REIT reported a distribution per unit (DPU) of 1.78 cents, down 5.3% y-o-y, with the decline largely attributed to the $3.1 million in distributions given out in the same period the year before.
Analysts from OCBC Investment Research (OIR) and Soochow CSSD Capital Markets have rated “hold” on Starhill Global REIT, with the recommendation from the latter being a downgrade.
The lacklustre recommendation was due to the REIT’s weaker-than-expected results for the 1HFY2021/2022 ended December.
