Starhill Global REIT Review @ 17 May 2022
By REIT-TIREMENT  •  May 17, 2022
Basic Profile & Key Statistics Main Sector(s): Retail & OfficeCountry(s) with Assets: Singapore, Australia, Malaysia, Japan & China
No. of Properties (exclude development/associate/fund): 10 Performance Highlight Gross revenue and NPI have improved yoy mainly due to cessation of rental rebate after the AEI completion of The Starhill as well as lower rental assistance to tenants.
Tenant Sales and Shopper Traffic For Wisma Atria, both shopper traffic and tenant sales have increased yoy, albeit lower than December festive period. 

Asset Enhancement Initiative Facade work for Myer Centre Adelaide has started and is expected to complete by 3Q 2022.

Upgrading works for bubble lifts, lobbies on carpark floors and washroom have been completed. Main retail area works including refurbishment of common corridors, atrium void, concierge, etc have started in March and are expected to be completed by December.

Related Parties Shareholding

REIT sponsor's shareholding: Above median for more...
Read the full article
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 ...

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance