Shares & Derivatives
Starhill Global REIT’s DPU increase 196% (YoY) in 2H FY 20/21. Buy, Hold or Sell?
By Rolf Suey - Invest in Yourself  •  August 3, 2021
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. 2H FY 20/21 RESULTS 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. Source: https://starhillglobalreit.listedcompany.com 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....
Read the full article
By Rolf Suey - Invest in Yourself
I am a Singaporean, born in the late 1970s experiencing mid-life career crisis at time of writing this blog. One reason to start blogging at an older age, is to break my own comfort zone. While it can be considered late, it is "Better Late Than Never" ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance