Starhill Global REIT (SGREIT) is a Singapore-listed REIT that owns a portfolio of 10 malls and office buildings located in Singapore, Malaysia, Australia, China and Japan. As at 30 June 2018, its portfolio was valued at S$3.1 billion.

SGREIT has been in my portfolio for a number of years now and given me a positive overall return despite its share price falling 12.8% year-to-date. This is largely due to the steady dividends I’ve received thus far. However, SGREIT’s distributions per unit (DPU) have been falling the past two years from 5.18 cents to 4.55 cents. This is worrying as steady, growing dividends are key for any REIT investor. Will SGREIT be able to boost its DPU in the near-term? I attended the recent annual general meeting to find out more.

Here are 12 things I learned from the 2018 Starhill Global REIT AGM:

1. Gross revenue …