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REITs
Starhill Global REIT renews lease with Ngee Ann City master tenant Toshin for 12 years
As at Sept 30, the current master lease with Toshin contributed approximately 23.6% of the REIT’s portfolio gross rent.
November 30, 2023
Results
Starhill Global REIT has reported gross revenue $47.1 million, 1% lower y-o-y for the 1QFY2023/2024
This lower gross revenue was mainly from foreign exchange weakness and loss of income from its Japan divestment.
October 27, 2023
Broker's Calls
Resilient operating metrics has RHB upgrading call on Starhill Global REIT to 'buy'
RHB has also increased its target price following the REIT’s 2HFY2022/2023 results that were “slightly ahead of expectations".
August 10, 2023
Broker's Calls
Higher rental reversions and occupancies in Singapore keep analysts upbeat on Starhill Global REIT
Although the REIT recorded a lower DPU and earnings for the 2HYF2022/2023, DBS and CGS-CIMB have kept their “buy” and “add” calls.
August 04, 2023
Results
Starhill Global REIT reports 2HFY2022/2023 DPU of 1.98 cents, down 2.0% y-o-y
The REIT’s DPU for the FY2022/2023 stood at 3.80 cents, unchanged on a y-o-y basis.
July 28, 2023
Broker's Calls
DBS sees 8.5% DPU downside risk in 'worst case scenario' for Myer arbitration notice
Myer's arbitration claim "remains a puzzle" to the team at DBS.
April 05, 2023
REITs
Myer seeks to terminate lease with Starhill Global REIT's Myer Centre Adelaide
Myer occupies about 52% of the centre’s net lettable area (NLA) as at Dec 31, 2022.
March 23, 2023
REITs
Starhill Global REIT enters into $75 mil loan facility
The transaction is not expected to have a material impact on the gearing of Starhill Global REIT following the refinancing.
February 17, 2023
Broker's Calls
Starhill Global REIT one of the prime beneficiaries of Chinese tourists return, analysts keep 'buy'
Wisma Atria is well-positioned to capture the return of tourist footfall and spending in Orchard Road.
January 31, 2023
REITs
What inflation? Shoppers out in force and boosting retail REITs
Singaporean consumers continue to spend, even as worries of soaring prices loom.
December 22, 2022