Basic Profile & Key Statistics Starhill Global REIT (SGREIT) invests in retail and office properties which currently owns 10 properties across Singapore, Australia, Malaysia, Japan and China.
Performance Review Gross revenue and NPI decreased YoY by 8.6% & 12.3% respectively mainly due to rental assistance as well as allowance for rental arrears and rebates. Distribution to unitholders and DPU decreased YoY by 16.1% and 16.8% respectively. This distribution included a partial release of S$ 3.1 million retentions.
Tenants' Sales reduced by 31.4% YoY despite all higher reductions of 49.6% in shopper traffic for Wisma Atria. Sales in Perth properties have recovered to pre-COVID-19 levels. No information is provided for other properties.
AEI for The Starhill is expected to complete by December 2021. Hopefully, the MCO disruption would not delay the AEI further.
Related Parties Shareholding

REIT sponsor's shareholding is high at 37.62%REIT manager's shareholding is high at 1.43%Directors...