Starhill Global REIT (SGX:P40U) announced on 28 October that Gross Revenue was down by 10.3% to S$43.1 million and Net Property Income declined 19.2% to S$29.8 million for the quarter ended 30 September (1Q FY20/21). The decline was mainly due to rental assistance to tenants due to COVID-19 pandemic, including allowance for rental arrears and rebates mainly for Australia Properties which amounted for approximately S$7.3 million in 1Q FY2021. This amount was partly offset by higher contributions from The Starhill as well as appreciation of the Australian Dollar. As at 30 September 2020, gearing for Starhill Global REIT was 39.1% with weighted average debt maturity of 2.5 years. Total debt declined to S$1.203 billion held at 3.25% average interest rate per annum. Starhill Global REIT continues to adopt a proactive and prudent capital management to strengthen their balance sheet and enhance financial flexibility. Current undrawn and committed revolving credit terms are more than sufficient to cover the S$250 million term...