The improved NPI was mainly due to the REIT’s properties in Singapore and Myer Centre Adelaide Retail in Australia, and was partially offset by net movement in foreign currencies and a loss of income from its Japanese divestment.
Starhill Global REIT (SGX:P40U
) has reported a distribution per unit (DPU) of 1.78 cents for the 1HFY2023/2024 ended Dec 31, 2023, 2.2% lower than the DPU of 1.82 cents for the same period the year before.
For the half-year period, the REIT’s gross revenue dipped marginally by 0.1% y-o-y to $94.6 million while net property income (NPI) increased by 0.3% y-o-y to $74.5 million.
