Wisma Atria

The 20,000 sq ft lifestyle and banking space officially opened in November 2022.

A third of the branch’s floor area is dedicated to retail, including a 10-seater omakase restaurant.

Gross revenue also grew, mainly due to lower rental assistance to tenants of the portfolio and lower expenses.

Despite a blurry outlook, analysts are still recommending to 'buy' this REIT.

"We see DPU hitting close to pre-pandemic levels earlier than anticipated, with the return of tourist-led spending."

Analysts at OCBC Investment Research have posted a “buy” call on Starhill Global REIT at a fair value of 52 cents.

Malls are seeing encouraging recovery, say CGS-CIMB analysts.

For the same quarter, net property income (NPI) fell 19.2% y-o-y to $29.8 million.

Starhill Global REIT gets an upgrade despite soft retail scene in Singapore

SINGAPORE (Oct 7): CGS-CIMB Research is keeping its “hold” recommendation on Starhill Global REIT (SG REIT) with a lower target price of 75 cents, down from 79 cents previously, on expectations of muted near-term growth due to the weak economy.