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Have run up quite alot
good to be on monitor list if drop to 0.7...
http://www.straitstimes.com/singapore/takashimaya-wins-rent-dispute-with-landlord
Francis Yeoh probably already think till 2020 what to do, they know how to make moves...every result of theirs is always good result to slowly inch up...instead of one time letting go every year they increase dpu alittle..even if it means if it comes from capital...
okay result
Office lease expiry of 33.2% might leads to reduction in DPU since there are quite a supply of office space
UOB getting a little excited and saying starhill can go to 92c..i think 85c is still a more realistic level it shud be at..
Starhill Global still shines among Singapore?s retail & office REITs: UOB
By Michelle Zhu / theedgemarkets | June 23, 2016 : 12:32 PM MYT
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SINGAPORE (June 23): UOB Kay Hian is maintaining its ?buy? call on Starhill Global REIT (SGREIT) with a higher target price of 92 cents from its previous price target of 91 cents.
To recap, UOB Kay Hian has singled out SGREIT as the sole candidate that ?is likely to display more resilience? within the retail sector?s challenging climate.
The research house has also identified this particular REIT as a ?potential beneficiary of international tourist pick-up?, as its Orchard properties Wisma Atria and Ngee Ann City make up 66.5% of its overall portfolio value.
(See: REITs kept at ?overweight?, Starhill Global preferred: UOB Kay Hian)
In a Thursday report, analysts Vikrant Pandey and Derek Chang say they have increased their FY17 forecast for SGREIT by 0.8% to factor in its recent announcement of a 5.5% increase in base rent for its Toshin masterlease, based on the average of three independent market rental valuations.
The base rental uplift will be in effect over the next three years from June 8.
Toshin, a wholly-owned real estate subsidiary of Takashimaya, is Starhill?s largest tenant. It accounted for about 19.7% of SGREIT?s portfolio gross rent in March.
?Triennial upward-only rental review was made under the master lease agreement that Toshin has with Starhill at Ngee Ann City, which expires in June 2025,? say the analysts.
?Up for renewal every three years, this year?s upward-only rent review was recently concluded in June, representing the second exercise since Toshin renewed its master lease agreement for a period of 12 years,? they explain, adding that the rent hike of 5.5% came in higher than their previous estimation of 3%.
SGREIT?s rate hike comes as Orchard Road rents continue to slacken for the sixth straight quarter, dropping 4.4% year-on-year to $32.50 psf/month in 2Q16.
The analysts noted that suburban rents have been ?relatively more resilient? in comparison, as they only started to register a decline from 4Q15 ? shrinking by a smaller 2.8% year-on-year to $29.45 psf/month.
At 12.30pm, Starhill Global REIT units were trading at 76.5 cents.
Good
Wait to accumulate while at the bottom
basantd ( Date: 10-Jun-2016 09:56) Posted:
First increase Ngee Ann City master lease,
then DPU 
then Australia redevelopment complete,
then again DPU ...
all master planning up to FY17/18...
Starhill Reit raises rents under Ngee Ann City' s Toshin master lease
JUN 8, 20169:12 PM
STARHILL Global Reit on Wednesday announced the new base rents for its Toshin master lease, which is 5.5 per cent higher than the existing rate, and is effective for three years starting June 8, 2016.
The rate is based on the average of three market rental valuations done by independent licensed valuers.
The Toshin master lease accounted for about a fifth of the Reit' s portfolio gross rent in March 2016. It covers all the retail strata area of Ngee Ann City owned by the Reit, except level five. Toshin is also the Reit' s largest tenant.
The master lease to Toshin provides the Reit with potential rental upside every three years. Together with the agreed extension of its Malaysia properties' master tenancies, whereby the annual rent was revised upwards by about 6.67 per cent, this means that about a third of the Reit' s gross rent has secured an increase starting from June 2016.
The latest rent increase was in line with what some analysts had expected, after the rental dispute broke out between Takashimaya and its landlord, Ngee Ann Development in the High Court.
Ngee Ann is proposing to revise the rent to S$19.83 per square foot per month (psf pm), more than double the rent in 2014 of S$8.78 psf pm. This is superior to the approximately S$15 psf pm rental that Starhill currently gets from Toshin. Analysts had believed that this would give Starhill clout to demand more in its own rent from its master lessee, Toshin.
The Reit owns 27.2 per cent of the share value of the strata lots at Ngee Ann City, with Ngee Ann owning the rest. The dispute does not involve Starhill as the space occupied by Takashimaya is not part of its portfolio.
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First increase Ngee Ann City master lease,
then DPU
then Australia redevelopment complete,
then again DPU ...
all master planning up to FY17/18...
Starhill Reit raises rents under Ngee Ann City' s Toshin master lease
JUN 8, 2016
9:12 PM
STARHILL Global Reit on Wednesday announced the new base rents for its Toshin master lease, which is 5.5 per cent higher than the existing rate, and is effective for three years starting June 8, 2016.
The rate is based on the average of three market rental valuations done by independent licensed valuers.
The Toshin master lease accounted for about a fifth of the Reit' s portfolio gross rent in March 2016. It covers all the retail strata area of Ngee Ann City owned by the Reit, except level five. Toshin is also the Reit' s largest tenant.
The master lease to Toshin provides the Reit with potential rental upside every three years. Together with the agreed extension of its Malaysia properties' master tenancies, whereby the annual rent was revised upwards by about 6.67 per cent, this means that about a third of the Reit' s gross rent has secured an increase starting from June 2016.
The latest rent increase was in line with what some analysts had expected, after the rental dispute broke out between Takashimaya and its landlord, Ngee Ann Development in the High Court.
Ngee Ann is proposing to revise the rent to S$19.83 per square foot per month (psf pm), more than double the rent in 2014 of S$8.78 psf pm. This is superior to the approximately S$15 psf pm rental that Starhill currently gets from Toshin. Analysts had believed that this would give Starhill clout to demand more in its own rent from its master lessee, Toshin.
The Reit owns 27.2 per cent of the share value of the strata lots at Ngee Ann City, with Ngee Ann owning the rest. The dispute does not involve Starhill as the space occupied by Takashimaya is not part of its portfolio.
now things are selling at good price with good dividends,
once market shifts upwards then... too late to enter in..
quite steady between 0.76-0.79 range. when the sponsor got $10b, and lists assets for $1b..then no problems lah...problem happens when sponsor got $1b and lists assets for $1b..
these guys know how to control...
think starhill downtrend now..
can get cheaper
basantd ( Date: 11-May-2016 16:54) Posted:
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Great article about what Starhill is doing in Australia, worth to see what tenants they are bringing there...
Landlords pave way for global shops
Business News
At Plaza Arcade, Singapore-based landlord Starhill Global REIT has lodged an application for a $6 million redevelopment, transforming the Murray...Preparations are being made for international fashion giant H& M to open its long-anticipated second store in Perth, while the Plaza Arcade is in line for a $6 million revamp to make room for another flagship global tenant.
can be even more attractive
genting^2 ( Date: 10-May-2016 09:16) Posted:
attractive yield time to buy
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attractive yield time to buy
everyday the price up and down wat
up = cheong
down = crash.
technical is like that...then plus fundamental factor then plus macro factor...
basantd ( Date: 27-Apr-2016 07:23) Posted:
| No...
But cannot one day say cheong,
The next day say crash right..
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By
Jude Chan / theedgemarkets.com | April 26, 2016 : 11:09 AM MYT
SINGAPORE (April 26): DBS is maintaining its &ldquo buy&rdquo recommendation for Starhill Global REIT (SGREIT) with a price target of 84 cents, with the upcoming rent review in June for the Toshin lease at Ngee Ann City likely to boost a DPU which was flat in 3QFY16.
&ldquo The rent review mechanism only allows for upward adjustment in rents, capped at 25%. This implies that the REIT&rsquo s earnings growth profile is projected to grow at a steady 2-3% in the coming two years,&rdquo says DBS lead analyst Derek Tan.
With some 44% of top line derived from master leases or long leases, DBS says SGREIT &ldquo offers investors income stability and visibility, as well as upside potential from positive rental reversions embedded in the master leases&rdquo .
Meanwhile, an ongoing tenant mix reconfiguration at Wisma Atria has seen retail net property income (NPI), which makes up 27% of total NPI, fall 4.8% y-o-y to $11.1 million, from $11.7 milion. Occupancy has also dropped to 96.8%, from 100% a year ago.
NPI from SGREIT&rsquo s Malaysia portfolio, which accounts for 15% of total portfolio, also fell 8.7% y-o-y from $6.9m to $6.3m largely due to the depreciation of MYR against SGD.
3QFY16 DPU remained flat with help from SGREIT&rsquo s new asset in Australia, Myer Centre Adelaide, which saw a 121.8% y-o-y growth.
At 11.01am, units of SGREIT are trading flat at 80 cents.
No...
But cannot one day say cheong,
The next day say crash right..
you load alot is it? is that your main position?
basantd ( Date: 26-Apr-2016 09:10) Posted:
ecekca..must be more steady lah....one day super positive, one day super negative..lol..trust me this one going to 0.83-0.85 very soon..
Company Briefs: YTL Starhill Global Reit
PUBLISHED
APR 23, 2016, 5:00 AM SGT
YTL Starhill Global Reit' s third-quarter distribution per unit was maintained at 1.26 cents, unchanged from a year earlier.
Gross revenue for the three months to March 31 grew 12 per cent to $53.6 million while net property income (NPI) rose by 7 per cent to $41.6 million.
The growth in revenue and NPI was mainly driven by the contribution from Myer Centre Adelaide, which was up 121.8 per cent year on year. This was partially offset by lower contributions from the Wisma Atria property, China and Japan assets, as well as net foreign currency movements.
Income distributable to unitholders was $27.5 million, up 1.3 per cent.
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bro, that why my style is flexible right..haha
basantd ( Date: 26-Apr-2016 09:10) Posted:
ecekca..must be more steady lah....one day super positive, one day super negative..lol..trust me this one going to 0.83-0.85 very soon..
Company Briefs: YTL Starhill Global Reit
PUBLISHED
APR 23, 2016, 5:00 AM SGT
YTL Starhill Global Reit' s third-quarter distribution per unit was maintained at 1.26 cents, unchanged from a year earlier.
Gross revenue for the three months to March 31 grew 12 per cent to $53.6 million while net property income (NPI) rose by 7 per cent to $41.6 million.
The growth in revenue and NPI was mainly driven by the contribution from Myer Centre Adelaide, which was up 121.8 per cent year on year. This was partially offset by lower contributions from the Wisma Atria property, China and Japan assets, as well as net foreign currency movements.
Income distributable to unitholders was $27.5 million, up 1.3 per cent.
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