Shares & Derivatives
Starhill Global REIT 1QFY22/23 Business Updates
By My Sweet Retirement  •  November 9, 2022
I am catching up on Starhill Global REIT 1QFY22/23 Business Updates that was released on 27th October 2022. Starhill Global REIT’s portfolio has not changed much since I added it to my wife’s stock portfolio many years back. As of today, the portfolio still consist of properties in Singapore, Malaysia, Australia, Japan and China.

1Q FY22/23 Financial Performance

Gross Revenue and Net Property Income (NPI) for 1Q FY22/23 rose 6.2% and 8.4% year-on-year respectively. The increase was mainly due to the cessation of rental rebates following the completion of The Starhill’s asset enhancement works and lower rental assistance being rendered. The gain was partially offset by depreciation of Australian Dollar and Malaysian Ringgit and lower contribution from Wisma Atria Property (Retail).


As of 30th September 2022, the gearing ratio stood at 36.5%. Similar to other REITs, 84% of the debt are hedged at fixed interest rates to mitigate against sudden hikes in interest rates....
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.

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