StarhillGbl Reit    Last:0.54    +0.005

Starhill Global Reits

https://links.sgx.com/FileOpen/Announcements-DBS$50MRCF200701.ashx?App=Announcement& FileID=622199 01/07/2020 ,YTL Starhill Global REIT Management Limited as manager of Starhill Global Real Estate Investment Trust (& ldquo Starhill Global REIT& rdquo , and the manager of Starhill Global REIT, the & ldquo Manager& rdquo ) is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of Starhill Global REIT) (the & ldquo Starhill Global REIT Trustee& rdquo ) has today entered into a facility agreement (the & ldquo Facility Agreement& rdquo ) with DBS Bank Ltd (& ldquo DBS& rdquo ) to convert an existing uncommitted and unsecured revolving credit facility of S$50 million (expiring on 28 June 2024) into a committed facility (the & ldquo Facility& rdquo ) with effect on 28 July 2020. With this S$50M credit , Starhill Global shoud achieve the 90% payout ratio withut any problem , unlike many other reits with limited credit line . If base 90% payout ratio , dividend should be not less than 1.778 cents ( for 6 months ) , to be declared by end of july .

 

starhill @0.51, is this a good price to enter? ( sit on 50ma line)

 

 

Next target is when STI 2800.  Now 2730.  It' s on a steady pace.  Still got time until everything go back to pre-covid prices. 

 

Time to say goodbye to 535....... now 56.   

reitsdrz      ( Date: 16-Jun-2020 09:01) Posted: --- Post Removed by User ---

 

 

this counter touching to 0.59 level... hope for Phase 2 or Phase 3 re-opening soon to recover back 

 

what you are mentioning is under normal circumstances. However, now the price already dipped so much. do you think it will still go downtrend from 0.39? I don' t think so. when the virus goes over, the price will go up. even then, if the price goes downtrend over the coming 10 years. I can afford that.

goondoo      ( Date: 25-Mar-2020 00:00) Posted: Now @11% yield and $0.39 share price, P/E 9 still nobody want. Buy for high dividend yield but long term capital loss as the share price is on a long term down trend permanently past 10+ years

 

Savings from pay cuts at Starhill Global Reit to be passed on to unitholders
WED, APR 08, 2020 - 8:45 PM

THE board of directors and top executives at Starhill Global Reit (SGReit)&rsquo s manager will take paycuts in light of the Covid-19 situation, the savings of which will be passed on to unitholders as part of a 10-per-cent reduction in base management fees payable by SGReit for the next three months from April.

The board of directors will take a 20 per cent cut in directors&rsquo fees. The chief executive officer and chief financial officer will each take a pay cut of 10 per cent, while other senior staff will have their salary reduced by 5 per cent.  The cuts will be effective for three months from April 2020 and will be reviewed at the end of the period. 

SGReit will switch from quarterly to semi-annual distribution from the quarter ended March 31, 2020. The manager said the move will allow for better capital management and cost-saving, given the need to maintain " financial flexibility until (there is) more visibility on the pandemic" .

The next distribution period will be for the six-month period from Jan 1 to June 30, 2020. SGReit will also adopt the announcement of half-yearly financial statements from the financial year ending June 30, 2021.

The total amount of rental rebates given out in response to Covid-19, including those to be extended to tenants within the portfolio of SGReit, amount to about S$13.6 million. Of this, S$10.8 million relates to the property tax rebates to be received from the Singapore government.

https://www.businesstimes.com.sg/companies-markets/savings-from-pay-cuts-at-starhill-global-reit-to-be-passed-on-to-unitholders

 

I think may be 99% yield is even a better bet .

goondoo      ( Date: 25-Mar-2020 07:52) Posted: Unfortunately over the past 10 years, starhill shares under performed all retail reits like capitalmall, sph, fraser centrepoint, suntec, investors only buy starhill when starhill yield is at least 20% to 30% higher and price to book value is at least 20% to 30% lower. Example if other retail reits share price rise to 6% yield and price to book of 1, starhill share price will fall to 8 or 9% yield and price to book of 0.7 to 0.8. Long term investors will think the higher yield is better but as the distribution drop consistently over many years while most other reits will post modest rise in yield, in the long run, other reits will give higher distribution although their current yield is lower. I am not able to understand this when i first start investing.Maybe bcos the malls in SG under starhill have short remaining lease or maybe bcos starhill do not own 100% of the SG malls unlike other retail reits. I am not an expert. So at least now i can help share information like only buy starhill when the yield is 50% higher than fellow retail reits and thats when it will start to play catchup.

 

Unfortunately over the past 10 years, starhill shares under performed all retail reits like capitalmall, sph, fraser centrepoint, suntec, investors only buy starhill when starhill yield is at least 20% to 30% higher and price to book value is at least 20% to 30% lower. Example if other retail reits share price rise to 6% yield and price to book of 1, starhill share price will fall to 8 or 9% yield and price to book of 0.7 to 0.8. Long term investors will think the higher yield is better but as the distribution drop consistently over many years while most other reits will post modest rise in yield, in the long run, other reits will give higher distribution although their current yield is lower. I am not able to understand this when i first start investing.Maybe bcos the malls in SG under starhill have short remaining lease or maybe bcos starhill do not own 100% of the SG malls unlike other retail reits. I am not an expert. So at least now i can help share information like only buy starhill when the yield is 50% higher than fellow retail reits and thats when it will start to play catchup.

 

The Yeohs own 38 % , interst is inline with retial investor . AIA own 8 % , never sell a single shares till today .

 

Starhill global reit layman analysis: Share price @$0.39, Dividend yield 11% PE 9, price to book 0.4 Share price @$0.30, Dividend yield 14% PE 7, price to book 0.3 Share price @$0.20, Dividend yield 22% PE 4, price to book 0.2 Share price @$0.10, Dividend yield 45% PE 2, price to book 0.1 Where is the bottom? Your guess is as good as mine. :-)

 

Now @11% yield and $0.39 share price, P/E 9 still nobody want. Buy for high dividend yield but long term capital loss as the share price is on a long term down trend permanently past 10+ years

 

7% yield now , how to go wrong ?

 

Starhill Global Q1 DPU falls to 1.13 S cents on lower income

TUE, OCT 29, 2019 - 9:16 PM
 

STARHILL Global Real Estate Investment Trust (SGReit) has registered a decline in gross revenue, net property income, distributable income and distribution per unit (DPU) for the first quarter ended Sept 30.

The decline in revenue and net property income was mainly due to lower income, as a result of the planned asset enhancement of Starhill Gallery in Malaysia, SGReit manager YTL Starhill Global REIT Management announced in a press statement on Tuesday.

SGReit saw its revenue for the quarter decline 7.8 per cent from S$52 million to S$48 million, while net property income of S$36.9 million was 8.7 per cent lower than S$40.4 million for the corresponding period a year ago.

The decline in revenue and net property income will be largely mitigated by the manager receiving part of its base management fees in units.  Also,  DPU was  1.7 per cent lower at 1.13 Singapore cents, compared to 1.15 cents in the year-ago period.
 

DPU would be paid out on Nov 29.

Chairman of YTL Starhill Global, Francis Yeoh, said: " Trade uncertainties and geopolitical tensions continue to impact global economic growth, with signs of synchronised slowdown across a majority of the countries in the world. However, this backdrop provides an opportunity for us to revamp our asset in Malaysia, namely Starhill Gallery, which will stand us in good stead when the economy improves. The recently-concluded new master tenancy agreements for Malaysia Properties with their long tenures and built-in periodic rental step-ups will provide income certainty and growth amid uncertain macroeconomic conditions."

The Singapore portfolio - made up of interests in Wisma Atria and Ngee Ann City - contributed  65.9 per cent of total revenue while net property income improved marginally by 0.3 per cent year-on-year to S$25.3 million, mainly due to lower operating expenses for Wisma Atria (retail) and the Singapore office portfolio.

YTL Starhill Global  chief executive, Ho Sing, said: " Our Singapore portfolio performed well on the back of higher occupancies. Steady tourism growth in the first eight months of 2019, boosted by growth in Chinese and Japanese tourists, helped Wisma Atria property' s tenant sales to increase by 12.7 per cent year-on-year in Q1 FY19/20. Singapore retail occupancy continues to exhibit resilience, achieving full occupancy on a committed basis as at Sept 30. Backed by our healthy financial standing, we will continue to explore new opportunities to deliver sustainable value to our unitholders."

Singapore retail portfolio' s occupancy improved to 99.7 per cent as at Sept 30. On a committed basis, Singapore retail portfolio achieved full occupancy as at Sept 30. Retail tenant sales for Wisma Atria continued to grow at 12.7 per cent year-on-year while footfall traffic rose 2.8 per cent year-on-year in the first quarter. Meanwhile, occupancy rate for the Singapore office portfolio was stable at 93.6 per cent as at Sept 30 compared to 93.2 per cent as at June 30.

Wisma Atria has an existing unutilised plot ratio amounting to approximately 100,000 sq ft of gross floor area, and YTL Starhill Global said it is exploring options to potentially unlock the value of the space, in view of the upcoming new Orchard MRT Station serving the new Thomson-East Coast line.

SGReit units ended one Singapore cent or 1.35 per cent higher at S$0.75 on Tuesday.
https://www.businesstimes.com.sg/companies-markets/starhill-global-q1-dpu-falls-to-113-s-cents-on-lower-income

 

 

Starhill Global Reit bumps up Q4 DPU by 0.9% to 1.1 S cents

TUE, JUL 30, 2019 - 7:42 PM
 

STARHILL Global Reit will pay out a distribution per unit (DPU) of 1.1 Singapore cents, up by 0.9 per cent on the year before, for the fourth quarter to June 30, the manager has said.

Net property income for the period was down by 0.4 per cent, to S$$39.9 million, on higher operating expenses and lower contributions from the Singapore retail portfolio, as well as a weakening Australian dollar and ringgit.

Gross revenue ticked up by 0.4 per cent, to S$51.9 million, according to results released on Tuesday, while distributable income decreased by 1.7 per cent, to S$24.9 million.

For the full year, net property income slipped by 1.7 per cent to S$159.4 million, while gross revenue was down by 1.3 per cent, to S$206.2 million. The Reit&rsquo s latest DPU has taken its full-year pay-out to 4.48 Singapore cents, against 4.55 Singapore cents in the same period the previous year.
 

Starhill Global Reit, which has 10 assets worldwide, holds a majority interest in the strata-titled Wisma Atria in Singapore and a minority stake in neighbouring Ngee Ann City. It also wholly owns three shopping centres in Australia, as well as properties in Kuala Lumpur, Chengdu and Tokyo.

The weighted average lease expiry of the portfolio was 9.4 years by net lettable area, and 5.4 years by gross rent.  Master leases and  anchor leases made up about 45.8 per cent of the portfolio gross rent.

Occupancy stood at 96.3 per cent, as at June 30, up from 94.2 per cent the previous year.

Gearing was 36.1 per cent, with an average debt maturity of 2.8 years.

Ho Sing, chief executive of the manager, called Singapore retail occupancy resilient, saying in a statement that &ldquo limited retail supply along Orchard Road, and retailers&rsquo preference for prime space ensure prime units remain highly sought after&rdquo .

The counter added half a Singapore cent, or 0.63 per cent, to S$0.80, before the results.


 

 

it is ytl linked though.

have to test the mantle of successors.

 

This stock is finally waking up. Will the Government' s concerted rejuvenation efforts finally wake Orchard Road up from its prolonged slumber?

 

 

Starhill Global REIT is included in Shariah Index.
http://mystocksinvesting.com/singapore-reits/shariah-reit/shariah-compliant-singapore-reit-for-muslim-investors/