Shares & Derivatives
Starhill Global REIT Reports 1.1% DPU Growth, Plans Further AEI for Wisma Atria
By Beansprout  •  January 24, 2025
1HFY25 DPU rises by 1.1% Starhill Global REIT (Starhill) reported 1HFY25 Distributions Per Unit (DPU) of 1.80 cents, up 1.1% YoY.  This is slightly below consensus estimates, representing 47.4% of consensus FY25E DPU of 3.8 cents. Revenue and Net Property Income (NPI) were up by 1.7% and 1.6% YoY respectively. Source: Company data, Beansprout research Singapore assets continue to perform well With a committed portfolio occupancy of 99.5% as at 31 December 2024, the Singapore properties continue to support the financial performance of the REIT, with Singapore revenues up 1.9% YoY and NPI up 2.7% YoY in 1HFY25.  While tenant sales at Wisma Atria (Retail) declined 6.1% YoY due to “tenant transitions”, shopper traffic was healthy, rising 10.3% YoY. Mixed performance in the overseas markets Revenue and NPI across its overseas portfolio was mixed, with Malaysia seeing a 4.4% rise in Revenues and 4.3% rise in NPI, while NPI...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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