Starhill Global (SGREIT)

Net property income (NPI) for the quarter similarly rose by 1.4% y-o-y to $37.9 million.

The disposal of the property, which comprises approximately 7,653 sqf of net lettable area, had a sale consideration of $16.1 million.

Mapletree Pan Asia Commercial Trust (10.08%) is now the largest constituent in the portfolio, followed by Mapletree Logistics Trust (10.05%) and CapitaLand Integrated Commercial Trust (10.04%).

RHB analyst Vijay Natarajan maintains his "buy" call on Starhill Global REIT at target price of 58 cents

The analyst at OCBC thinks Starhill Global REIT could benefit from Singapore's growing tourism trend.

Starhill Global REIT reported a full year revenue of $186.4 mil up 2.8% y-o-y and NPI of $144.7 mil up 7.4% y-o-y

RHB Research has maintained a “buy” call on Starhill Global REIT with a target price of 60 cents, down from its previous price of 63 cents.

A sharp fall in retail footfall and subsequent rental rebates have battered Starhill Global REIT (SGREIT), with OCBC Investment Research analysts warning of a “tough and winding road ahead” in a July 29 note.

Following SGREIT’s change of its distribution frequency to semi-annual distributions, there is no proposed distribution declared for 3QFY19/20. The next distribution will be for the six-month period from January 1 to June 30.

SINGAPORE (Aug 2): Religare is reiterating its “buy” call on Starhill Global (SGREIT) with an unchanged target price of 90 cents, with the view that its portfolio’s performance is set to stabilise.