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Starhill Global Reit – Q3FY19 Results and Thoughts
By A Path to Forever Financial Freedom (3Fs)  •  April 26, 2019
Starhill Global Reit posted their Q3FY19 results yesterday evening which saw their revenue and NPI dropped slightly by 0.9% and 1.8% YoY. As a result, this brings a lower income available for distributional from the previous year quarter of $25.4m to $25m, a marginal drop. What is interesting is they decide to retain less for this quarter, citing lesser tax expense for this quarter and as such decided to distribute more payout to shareholders. As such, DPU has marginally increased from 1.09 cents the previous year to 1.10 cents this quarter. Based on the current share price of 75 cents, this brings about an annualized yield of about 6%. If we look at the details, the occupancy for the Adelaide Myer Center actually went higher this quarter, up from 84.4% to 89.9% while contributions from the rest of the office sectors are up year on year. Still, the...
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By A Path to Forever Financial Freedom (3Fs)
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