Starhill Global REIT (SGREIT), a S-REIT with portfolio in real estate mainly for retail and office, announced its 2H FY20/21 result last week.

SGREIT has 10 properties worth close to S$3 Billions. 2 in Singapore (Ngee Ann City & Wisma); 3 in Australia (Myer Ctr &  David Jones in Adelaide and Plaza Arcade Perth); 2 in Malaysia (The Starhill & Lot 10 in KL); a retail property in Chengdu, China, and 2 properties in Tokyo, Japan.


SGREIT announced 2H FY 20/21 results last week. YOY, NPI increase 20.2% and DPU increase of 195.7%. Excluding the deferred portion retain last year as prudent measure against Covid, payout still increase by an impressive 77.1% yoy.


DPU for 2H FY20/21 was 2.07 cents, and for  FY20/21, it was 3.95 cents. This is an annual yield of 6.4% at current price of 62 cents.

Excluding the effects of the deferred portion of 0.35 cents per unit, DPU for FY20/21 was 8.8% higher y-o-y.

Unitholders can expect to receive their 2H FY20/21 DPU on 24 September 2021.