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Starhill Global REIT
Broker's Calls
Starhill Global REIT on ‘firm footing’ but RHB trims TP to 57 cents
Starhill Global REIT’s “mid-high single-digit rent reversion for Singapore retail and office assets are expected to continue.
August 27, 2024
Results
Starhill Global REIT's FY2024 DPU declines by 4.5%
Starhill Global REIT's DPU fell by 4.5% in FY2024 but the Singapore portfolio remained resilient
July 29, 2024
REITs
Starhill Global REIT enters amendment and restatement agreement with bank that granted it three-year loan of $50 mil
The agreement involves extending the loan agreement for five years from Sept 30.
June 14, 2024
Results
Starhill Global REIT 3QFY2023/2024 NPI down 0.9% y-o-y, gearing rises to 37.2%
One of the REIT’s properties is the Wisma Atria mall along Singapore’s Orchard Road shopping belt.
May 01, 2024
Offer
Isetan (Singapore)'s controlling shareholder makes privatisation offer at $7.20 per share
The offer price is at a premium of 173.4% over the last traded price of $2.63 on March 28.
April 01, 2024
Results
Starhill Global REIT's 1HFY2023/2024 DPU down 2.2% y-o-y to 1.78 cents
Distributable income for the 1HFY2023/2024 fell by 3.8% y-o-y to $41.9 million, due due to higher net financing costs.
January 29, 2024
Broker's Calls
RHB raises target price for Starhill Global REIT following master lease renewal with anchor tenant
Natarajan has raised his FY2026 DPU by 3% and FY2027 DPU by 5%
December 04, 2023
REITs
Starhill Global REIT obtains its first sustainability-linked facility of $50 mil
The REIT has entered into a facility agreement with DBS for a five-year unsecured sustainability-linked multicurrency facility.
November 21, 2023
Broker's Calls
RHB downgrades Starhill Global REIT to 'neutral' on arbitration overhang
"This case will act as an overhang and cap share price amid a sluggish overall interest towards REITs."
March 27, 2023
Broker's Calls
RHB sees boost for Starhill Global REIT from return of high end tourists
Starhill's Orchard malls are set to benefit from the return of Indonesian visitors, which prefer to stay and spend more there.
September 09, 2022