“Notably, the 12-year master lease renewal with Toshin for Ngee Ann City ensures income visibility, while asset upgrades at Wisma Atria and Myer Centre Adelaide, enhancing tenant experience and property value,” Eng adds.
uSMART’s Eng Thiam Choon has initiated “buy” on Starhill Global REIT with a target price of 67 cents.
In his report dated Nov 25, Eng mentioned that Starhill Global REIT continues to demonstrate operational resilience through proactive lease renewals, asset enhancement initiatives, and prudent capital management.
