By The Boy Who Procrastinates – April 01, 2018
I have purchased 10,000 shares of Starhill Global REIT(“SGR”) at $0.715 in March. At this buying price, it is trading at 21.4% discount to its adjusted NAV/unit of $0.91. This also translates to a distribution yield of 6.49% based on the annualised 2Q FY17/18 DPU of 4.64 cents/unit.
As this is my first write-up piece to analyse a listed company, please bear with me if it is inadequate. Any feedback is welcomed as well.
Profile of SGR I believe SGR needs no introduction given that most Singaporeans shop at Wisma Atria and Ngee Ann City along Orchard Road before the rise of suburban malls. Listed on SGX as REIT since 2005, SGR invest primarily in commercial properties for retail and office purposes. In addition to the 2 landmark properties in Singapore, SGR also owns 9 other commercial properties in the …