Starhill REIT 1QFY21/22 NPI up 15.1% y-o-y

Starhill Global REIT (Starhill REIT) has reported a net property income (NPI) of $34.3 million for 1QFY21/22, 15.1% higher y-o-y.

Gross revenue also grew 4% y-o-y to $44.8 million, mainly due to lower rental assistance to tenants of the portfolio and lower expenses. This is partially offset by lower contributions from Wisma Atria Property.