Shares & Derivatives
Starhill Global REIT Analysis @ 2 November 2020
By REIT-TIREMENT  •  November 2, 2020
Basic Profile & Key Statistics Starhill Global REIT (SGREIT) invests in Retail and Office properties which currently owns 10 properties across Singapore, Malaysia, Australia, Japan and China. Quarter Performance Review Gross revenue and NPI decreased by 10.3% YoY and 19.2% YoY. There is no distributable information provided. Tenants' Sales reduced by 33.5% YoY despite all higher reduction of 54.4% in shopper traffic. AEI for The Starhill is delayed and expected to delayed to December 2021. Lease Profile Occupancy is healthy at 96.6%. WALE is long at 5.5 years where the highest lease expiry of 53.5% falls in FY23/24 and beyond, without breakdown. Weighted average land lease expiry is moderate at 62.19 years. Debt Profile Gearing ratio is slightly high at 39.1%. Cost of debt is high at 3.3% with a moderate level of 75.6% unsecured debt. Fixed rate debt % is high at 89%. Interest cover ratio is low at 2.6 times. WADE is short at 2.5 years where the highest debt maturity of 32% falls in FY22/23....
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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