Additionally, SGREIT experienced a slight 0.1% y-o-y decrease in gross revenue to $94.6 million, but net property income (NPI) conversely saw a 0.3% y-o-y growth to $74.5 million.
Following Starhill Global REIT (SGX:P40U
) ’s (SGREIT) results for 1HFY2023/2024 ended Dec 31, 2023, OCBC Investment Research analyst Ada Lim has maintained her “hold” call at an unchanged fair value estimate of 52 cents.
For the period, the REIT had a lower y-o-y distribution per unit (DPU) of 1.78 cents, a decrease of 2.2% from 1.82 cents the year before. This constitutes 46.8% of OCBC’s initial forecast, which the analyst deems to have slightly missed expectations.
