Net property income (NPI) for the quarter similarly rose by 1.4% y-o-y to $37.9 million. That said, NPI was partially offset by higher operating expenses mainly for Myer Centre Adelaide.
Starhill Global REIT has posted gross revenue of $48.0 million for 1QFY2024/2025 ended Sept 30, up 1.9% y-o-y.
This came on the back of higher contributions from the REIT’s Singapore and Perth properties, as well as appreciation of Malaysian ringgit against the Singapore dollar
