“Starhill Global REIT’s (SGREIT) portfolio operational metrics should improve as the economy re-opens. We see distribution per unit (DPU) hitting close to pre-pandemic levels earlier than anticipated, with the return of tourist-led spending as a catalyst for the REIT,” write DBS Group Research analysts Geraldine Wong, Derek Tan, Dale Lai and Rachel Tan.
A brightening outlook is on the horizon for Starhill Global REIT (SGREIT), which has stakes in Orchard Road malls Wisma Atria and Ngee Ann City, with a possible index inclusion in September lifting prospects for the REIT.
In a July 13 note, DBS Group Research analysts are upgrading SGREIT to “buy” with a target price of 75 cents.
