The increase was mainly in line with higher contributions from the REIT’s Singapore and Perth properties, as well as the appreciation of the Malaysian ringgit against the Singapore dollar, partially offset by weaker contribution from Myer Centre Adelaide and higher operating expenses for its Australia properties.
Starhill Global REIT has reported a distribution per unit (DPU) of 1.80 cents for the 1HFY2024/2025 ended Dec 31, 2024, a growth of 1.1% y-o-y.
For the half-year period, the REIT’s gross revenue increased by 1.7% y-o-y to $96.3 million while net property income (NPI) rose by 1.6% y-o-y to $75.6 million.
