StarhillGbl Reit Last:0.54

+0.005

Starhill Global Reits

SGREIT reports 2H FY20/21 DPU of 2.07 cents,
and full year FY20/21 DPU of 3.95 cents
HIGHLIGHTS
 DPU stood at 2.07 cents1 while NPI increased 20.2% year-on-year in 2H FY20/21
 Full year DPU at 3.95 cents2 with a rise in NPI of 2.0% year-on-year in FY20/21
 Portfolio occupancy remained resilient at 96.7%3 while retail portfolio occupancy was at
97.5%3, on the back of new tenant demand
 Gearing stable at 36.1% no term debt maturities until September 2022

Seems like investors are smarter now / less shaken by phase 2 news

they know if drop now it' s an opportunity to earn money

Hope 0.60 can hold .

LW said can further tighten the safety measures is the killing message !

the team in formulating the reduction has heart to look at how to have the cake and eat it.
dining in for up to 5 can still happen for.
1) fully vacinated. 2 dose of vaccine after 14 days from second dose.
2) unvacinated, with pre event negative test.
3) those recovered from previous infection. within 270 days
4) child below 12 years of age. if not from same house hold must be < 50%

so it is also an incentive for people who can be vacinated to go for it.
food extablishment should start promoting campaign on these group of people.
according to moh web on 16 jul, 2545838 people has completed full vacination regiment.

Dining back to 2 from 5 , from next monday .

KL now in EMCO , even look worst than a ghost town now, Pavllion so quiet , lifeless .

Lobster ( Date: 14-Jul-2021 10:37) Posted:

Cant believe this stock is so resilient. Up again today. Malaysia friends told me, even before full lockdown that its KL shopping malls are deserted. As in zero shoppers. I think the REIT hinges on one mall here, Orchard Road' s Wisma. But still can' t believe they are able to pay pre Covid dpu. A plan to have rights issue had been shelved. Wonder why. Vested.

Sold all at 0.62 , if Delta virus hit here , can buy back cheaply .

PhillipTan ( Date: 13-Jul-2021 11:13) Posted:

DBS upgrades Starhill Global Reit to ' buy' , raises target price to S$0.75

Starhill Global Reit' s operational results will likely improve as the economy and borders open, boosted by its Wisma Atria property, DBS said in a research note on Tuesday.

The research team upgraded its call on the real estate investment trust (Reit) to " buy" from " hold" and raised its target price on the counter to S$0.75 from S$0.55, as it expects distribution per unit (DPU) for the Reit will return to pre-pandemic levels earlier than anticipated.

Units of Starhill Global Reit were trading at 60.5 Singapore cents as at 9.36am on Tuesday, up one cent or 1.7 per cent.

DBS noted that the Reit posted Q3 FY2021 results that were ahead of expectations, likely since its Wisma Atria property in central Orchard reported a rebound in tenant sales and traffic. Tenant sales at the mall had increased to 83.4 per cent of pre-Covid-19 levels in Q3 even when borders have yet to reopen, which is " a positive surprise" .

It expects the mall will see bigger crowds as dine-in restrictions are relaxed, and benefit from consumers that will likely continue to spend locally prior to borders reopening towards the end of 2021.

A possible reopening of borders at the end of the year should also support the positive momentum for the Reit into the new financial year, since tourists historically account for around 20 to 30 per cent of Wisma Atria' s traffic and sales.

DBS said the Reit is resilient on Wisma Atria' s high occupancy rate of 97 per cent, adding that it expects a high retention rate for the mall with 5.1 per cent of retail leases due to expire in Q4.

Furthermore, the Reit' s plans to reposition Wisma Atria as a premier lifestyle mall, with the introduction of new anchor tenants like popular hotpot chain Haidilao, can likely capture crowds, the research team said.

Starhill Global Reit is also a prime candidate to be included in the EPRA NAREIT Developed Asia Index in September 2021 amid recent changes in the indexation rules, DBS said. It expects this will lead to an inflow of funds, driving a re-rating, and may result in the Reit trading at a premium to historical valuations.

Additionally, the research team noted bright spots at its overseas properties in Australia, as rental collections have remained high while rental relief negotiations conclude.

DBS raised its DPU estimates for the Reit by 15 per cent in FY2021 which implies a forward yield of around 7 per cent, due to higher topline earnings from Australia amid a strong Australian dollar, and higher rental potential at Wisma Atria.

DBS upgrades Starhill Global Reit to ' buy' , raises target price to S$0.75

Starhill Global Reit' s operational results will likely improve as the economy and borders open, boosted by its Wisma Atria property, DBS said in a research note on Tuesday.

The research team upgraded its call on the real estate investment trust (Reit) to " buy" from " hold" and raised its target price on the counter to S$0.75 from S$0.55, as it expects distribution per unit (DPU) for the Reit will return to pre-pandemic levels earlier than anticipated.

Units of Starhill Global Reit were trading at 60.5 Singapore cents as at 9.36am on Tuesday, up one cent or 1.7 per cent.

DBS noted that the Reit posted Q3 FY2021 results that were ahead of expectations, likely since its Wisma Atria property in central Orchard reported a rebound in tenant sales and traffic. Tenant sales at the mall had increased to 83.4 per cent of pre-Covid-19 levels in Q3 even when borders have yet to reopen, which is " a positive surprise" .

It expects the mall will see bigger crowds as dine-in restrictions are relaxed, and benefit from consumers that will likely continue to spend locally prior to borders reopening towards the end of 2021.

A possible reopening of borders at the end of the year should also support the positive momentum for the Reit into the new financial year, since tourists historically account for around 20 to 30 per cent of Wisma Atria' s traffic and sales.

DBS said the Reit is resilient on Wisma Atria' s high occupancy rate of 97 per cent, adding that it expects a high retention rate for the mall with 5.1 per cent of retail leases due to expire in Q4.

Furthermore, the Reit' s plans to reposition Wisma Atria as a premier lifestyle mall, with the introduction of new anchor tenants like popular hotpot chain Haidilao, can likely capture crowds, the research team said.

Starhill Global Reit is also a prime candidate to be included in the EPRA NAREIT Developed Asia Index in September 2021 amid recent changes in the indexation rules, DBS said. It expects this will lead to an inflow of funds, driving a re-rating, and may result in the Reit trading at a premium to historical valuations.

Additionally, the research team noted bright spots at its overseas properties in Australia, as rental collections have remained high while rental relief negotiations conclude.

DBS raised its DPU estimates for the Reit by 15 per cent in FY2021 which implies a forward yield of around 7 per cent, due to higher topline earnings from Australia amid a strong Australian dollar, and higher rental potential at Wisma Atria.

Wonder what is brewing

sutiono ( Date: 02-Jun-2021 17:02) Posted:

Must give rental rebate/assistance to tenants due to semi CB and FMCO in Malaysia ?

Issue and Listing of new Units under the Distribution Reinvestment Plan.

YTL Starhill Global REIT Management Limited, in its capacity as manager of Starhill Global Real Estate Investment Trust (&ldquo Starhill Global REIT&rdquo and as manager of Starhill Global REIT, the &ldquo Manager&rdquo ), wishes to announce that 7,042,361 new units in Starhill Global REIT (&ldquo Units&rdquo ) will be issued on 25 March 2021 at an issue price of S$0.5123 per new Unit to eligible unitholders of Starhill Global REIT (&ldquo Unitholders&rdquo ) who have elected to participate in the distribution reinvestment plan (&ldquo DRP&rdquo ) in respect of the distribution of 1.8800 cents per Unit for the period from 1 July 2020 to 31 December 2020 (the &ldquo Distribution&rdquo ).

Distribution payments to eligible Unitholders who did not elect to participate in the DRP will be paid in cash on 25 March 2021.

The new Units will commence trading on the Main Board of Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) at 9.00 a.m. on 25 March 2021.

The new Units will rank pari passu in all respects with the existing Units. Following the issue of the new Units, the number of issued Units will be increased from 2,203,594,600 to 2,210,636,961.

By Order of the Board

YTL Starhill Global REIT Management Limited
(Company registration no. 200502123C)
(as manager of Starhill Global Real Estate Investment Trust)

Lim Wai Pun / Lam Chee Kin
Joint Company Secretaries
24 March 2021

Joelton ( Date: 29-Jan-2021 09:13) Posted:

Starhill Global Reit DPU for H1 FY20/21 down 16.8%

STARHILL Global Reit will pay a distribution per unit (DPU) of 1.88 Singapore cents for the first half-year ended Dec 31, 2020, down 16.8 per cent from a year ago.

Net property income (NPI) fell 12.3 per cent to S$65 million, while gross revenue dipped 8.6 per cent to S$88.4 million, mainly due to rental assistance for its eligible tenants affected by the Covid-19 pandemic, including allowance for rental arrears and rebates for Singapore and Australia properties.

Income to be distributable to unitholders stood at S$41.4 million, down 16.1 per cent from a year ago. This comes as the manager retained S$4.9 million of income available for distribution, even as it pays out S$3.1 million of deferred distributable income from FY19/20.

Starhill Global Reit will be activating its maiden Distribution Reinvestment Plan (DRP) for the H1 FY20/21 distribution, with the issue price of new units to be announced on or around Feb 5, 2021.

Unitholders can expect to receive their H1 FY20/21 DPU on March 25, 2021, with the record date on Feb 5, 2021.

As at Dec 31, 2020, the weighted average portfolio lease expiry by gross rent stood at 5.4 years while retail leases expiring in the financial year ending June 30, 2021 comprised 8.8 per cent of gross retail rent. The group' s retail portfolio committed occupancy stood at 97.6 per cent.

Starhill Global Reit' s Singapore retail portfolio - comprising interests in Wisma Atria and Ngee Ann City on Orchard Road - registered an actual occupancy of 96 per cent as Dec 31, 2020.

The Reit manager said that tenant sales and footfall traffic at Wisma Atria continue to recover gradually to about two-thirds and about half of pre-Covid-19 levels in H1 FY20/21 following Phase 2 and Phase 3 reopening. It added that the Singapore office portfolio remained resilient with an actual occupancy of 89.5 per cent. Its total Singapore portfolio contributed about 62.4 per cent of total revenue.

The Reit manager said that its Australian retail portfolio registered actual occupancy of 94.6 per cent as at Dec 31, 2020. Its Australian portfolio contributed about a quarter of total revenue for the period.

The rest of the Reit' s portfolio markets include Malaysia, Japan and China, which make up less than 15 per cent of total revenue.

On the results, Francis Yeoh, chairman of YTL Starhill Global, said: " The global economy is starting to recover, and the outlook appears positive with the availability of vaccines. Whilst we remain vigilant given the fluidity of the pandemic, we intend to emerge stronger and seek out growth opportunities when they arise."

Unloved now awaken breakout.