Starhill Global REIT had announced their 1HFY22/23 financial results on 27th January 2023. The financial results are largely positive. The most important thing is that a Distribution per Unit (DPU) of 1.82 cents was also declared which should make investors collecting passive income happy. Let us take a deeper look into its financial results.

1HFY22/23 Financial Results

Gross Revenue was S$94.7 million in the first half year ended 31 December 2022 (1H FY22/23) as compared to S$91.0 million in the previous corresponding period of first half year ended 31 December 2021 (1H FY21/22). Net property income (NPI) increased by 6.7% y-o-y, rising to S$74.3 million in 1H FY22/23 from S$69.6 million in 1HFY21/22. The increase in Net property income (NPI) was attributed to the completion of asset enhancement works at The Starhill, lower rental assistance and higher rental contribution from Singapore Office, partially...