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Think its just the initial stage of making a comeback for Reits.
SDEXXXXD ( Date: 30-Sep-2024 12:15) Posted:
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In action ?
Relevant info. Think the big move may be just around the corner.
SDEXXXXD ( Date: 30-Sep-2024 12:15) Posted:
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Time for it to catch up
NAV Per Unit (as at 30 June 2024)(1) S$0.71
Closing price per unit as at 30 June 2024 S$0.485
Market Cap(2) S$1,098 mil
FY23/24 Annual Distribution Yield(3) 7.5%
NAV Per Unit (as at 30 June 2024)(1) S$0.71
Closing price per unit as at 30 June 2024 S$0.485
Market Cap(2) S$1,098 mil
FY23/24 Annual Distribution Yield(3) 7.5%
| Delvyss ( Date: 30-Sep-2024 11:58) Posted: |
Ok got the picture.
Today' s morning movement was pretty fast.
Today' s morning movement was pretty fast.
Alignment ( Date: 27-Sep-2024 22:24) Posted:
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That is what the deal would imply on a relative valuation basis. Obviously does not change the fact of what cashflows Wisma is currently producing.
seanpent ( Date: 26-Sep-2024 13:15) Posted:
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Keppel Reit creeping up. The rest to follow ?
seanpent ( Date: 27-Sep-2024 09:12) Posted:
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Starhill Global REIT Strengthens Portfolio with Asset Enhancements and Lease Renewals
https://www.minichart.com.sg/2024/09/27/starhill-global-reit-strengthens-portfolio-with-asset-enhancements-and-lease-renewals/
Starhill Global Reit, OUE Reit, Frasers Hospitality Trust, Keppel Reit ..... waking up .....
Worthy of much much higher target ?
Alignment ( Date: 20-Sep-2024 11:45) Posted:
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The deal CICT just announced to buy a stake in Ion Orchard also shows how much embedded value Starhill has in the property next door.
Almost up 20% since Aug
Share price beginning to recover. I think investors are starting to realise the value of this company.
Starhill Global Reit obtains S$50 million sustainability-linked loan
The transaction is not expected to have a material impact on the Reit&rsquo s gearing
STARHILL Global Reit&rsquo s manager announced on Friday (Aug 23) that the real estate investment trust (Reit) has obtained a S$50 million loan from UOB.
The Reit&rsquo s trustee entered into an agreement with the bank for a five-year unsecured sustainability-linked revolving credit facility. It will be available for drawing from Dec 31, 2024.
In a bourse filing, the Reit&rsquo s manager said that the loan will be used to finance general corporate funding requirements, including capital expenditure to attain green certification for the trust&rsquo s portfolio of companies.
It added that the transaction is not expected to have a material impact on the gearing of the Reit.
Anyone knows what is the number of units we have to reinvest to get 300 units for the Dividend Reinvestment Plan?
Operating cashflows have now turned round and become positive YoY. Will soon result in DPU increases YoY perhaps even before interest costs fall.
Starhill Global REIT' s FY2024 DPU declines by 4.5%
Starhill Global REIT' s distribution per Unit (DPU) to unitholder for 2HFY23/24 for the six months to June 30 was 1.85 cents. On an annual basis, DPU for FY2024 decreased 4.5% y-o-y to 3.63 cents.
Gross revenue for FY2024 rose by 1.1% y-o-y to $189.8 million, and net property income (NPI) rose 0.8% y-o-y to $149.0 million. Higher contributions from the Singapore Properties and Myer Centre Adelaide (Retail), were partially offset by loss of income from the Japan divestment, as well as net movement in foreign currencies. Gross revenue for 2HFY2-24 rose by 2.3% y-o-y to $95.2 million. while NPI for 2HFY2024 was at $74.5 million, 1.3% higher y-o-y. The y-o-y NPI increase in the second half mainly attributed to the Singapore Properties, partially offset by net movement in foreign currencies.
Income available for distribution for FY2024 and 2HFY2024 was $84.7 million and $42.8 million respectively, a decrease of 4.8% and 5.7% y-o-y respectively. SG REIT' s manager will retain about $0.9 million of income available for distribution for working capital requirements.
The portfolio' s committed occupancy remained stable at 97.7% as at June 30 with the Singapore Properties&rsquo committed occupancy at 99.2%. At Wisma Atria Property (Retail), tenant sales and shopper traffic in FY2024 increased 2.8% and 8.2% y-o-y respectively, following the completion of basement interior upgrading works and active tenant remixing. The rise in shopper traffic could also be attributed to the influx of tourists due to a series of high-profile concerts, and the mutual 30-day visafree travel between China and Singapore.
The portfolio' s committed occupancy remained stable at 97.7% as at June 30 with the Singapore Properties&rsquo committed occupancy at 99.2%. At Wisma Atria Property (Retail), tenant sales and shopper traffic in FY23/24 increased 2.8% and 8.2% y-o-y respectively, following the completion of basement interior upgrading works and active tenant remixing. The rise in shopper traffic could also be attributed to the influx of tourists due to a series of high-profile concerts, and the mutual 30-day visafree travel between China and Singapore.
Net revaluation loss of $16.5 million in FY2024 mainly attributed to the Australia Properties (expansion of capitalisation rates and softening of rents) although Wisma Atria also experienced a 1.3% decline in valuation as at end-June. Additionally, a net foreign currency translation loss was due mainly to a weaker JPY and RM.
SINGAPORE, 29 July 2024 ? YTL Starhill Global, the manager of SGREIT, announced today a 1.1%
increase year-on-year (y-o-y) in gross revenue for SGREIT Group, at S$189.8 million in the financial
year ended 30 June 2024 (FY23/24) compared to S$187.8 million in the financial year ended 30 June
2023 (FY22/23). Net property income (NPI) rose 0.8% y-o-y to S$149.0 million in FY23/24 from S$147.8
million in FY22/23, mainly in line with higher contributions from the Singapore Properties and Myer
Centre Adelaide (Retail), partially offset by loss of income from Japan divestment, as well as net
movement in foreign currencies.
Gross revenue for SGREIT Group for the second half of FY23/24 (2H FY23/24) increased 2.3% y-o-y
to S$95.2 million. NPI for 2H FY23/24 was at S$74.5 million, 1.3% higher y-o-y compared to the second
half of FY22/23 (2H FY22/23). The y-o-y NPI increase for 2H FY23/24 was mainly attributed to the
Singapore Properties, partially offset by net movement in foreign currencies.
Income available for distribution for FY23/24 and 2H FY23/24 were S$84.7 million and S$42.8 million,
a decrease of 4.8% and 5.7% y-o-y respectively. The Manager will retain about S$0.9 million of income
available for distribution for 2H FY23/24 for working capital requirements.
Distribution per Unit (DPU) to Unitholders for 2H FY23/24 was 1.85 cents. On an annual basis, DPU for
FY23/24 decreased 4.5% y-o-y to 3.63 cents, which represents an annual yield of 7.5% based on the
closing unit price of S$0.485 as at 30 June 2024. The decrease in FY23/24 DPU was largely in line with
weaker foreign currencies, higher net finance costs and taxes, as well as an one-off leasing commission
fee in relation to the master lease renewal with Toshin Development Singapore Pte Ltd (Toshin) at
Ngee Ann City Property (Retail) during the current period.
The Distribution Reinvestment Plan (DRP) will apply for the 2H FY23/24 distribution. The issue price of
new units for the DRP will be announced on or around 6 August 2024. Unitholders can expect to receive
their 2H FY23/24 DPU on 24 September 2024. The record date is on 6 August 2024 at 5.00 pm.
The Group?s portfolio valuation remained fairly stable at about S$2.8 billion as at 30 June 2024. The
marginal decrease of 0.2% y-o-y was mainly attributed to the downward revaluation of Australia
Properties in June 2024, as well as net movement in foreign currencies.
increase year-on-year (y-o-y) in gross revenue for SGREIT Group, at S$189.8 million in the financial
year ended 30 June 2024 (FY23/24) compared to S$187.8 million in the financial year ended 30 June
2023 (FY22/23). Net property income (NPI) rose 0.8% y-o-y to S$149.0 million in FY23/24 from S$147.8
million in FY22/23, mainly in line with higher contributions from the Singapore Properties and Myer
Centre Adelaide (Retail), partially offset by loss of income from Japan divestment, as well as net
movement in foreign currencies.
Gross revenue for SGREIT Group for the second half of FY23/24 (2H FY23/24) increased 2.3% y-o-y
to S$95.2 million. NPI for 2H FY23/24 was at S$74.5 million, 1.3% higher y-o-y compared to the second
half of FY22/23 (2H FY22/23). The y-o-y NPI increase for 2H FY23/24 was mainly attributed to the
Singapore Properties, partially offset by net movement in foreign currencies.
Income available for distribution for FY23/24 and 2H FY23/24 were S$84.7 million and S$42.8 million,
a decrease of 4.8% and 5.7% y-o-y respectively. The Manager will retain about S$0.9 million of income
available for distribution for 2H FY23/24 for working capital requirements.
Distribution per Unit (DPU) to Unitholders for 2H FY23/24 was 1.85 cents. On an annual basis, DPU for
FY23/24 decreased 4.5% y-o-y to 3.63 cents, which represents an annual yield of 7.5% based on the
closing unit price of S$0.485 as at 30 June 2024. The decrease in FY23/24 DPU was largely in line with
weaker foreign currencies, higher net finance costs and taxes, as well as an one-off leasing commission
fee in relation to the master lease renewal with Toshin Development Singapore Pte Ltd (Toshin) at
Ngee Ann City Property (Retail) during the current period.
The Distribution Reinvestment Plan (DRP) will apply for the 2H FY23/24 distribution. The issue price of
new units for the DRP will be announced on or around 6 August 2024. Unitholders can expect to receive
their 2H FY23/24 DPU on 24 September 2024. The record date is on 6 August 2024 at 5.00 pm.
The Group?s portfolio valuation remained fairly stable at about S$2.8 billion as at 30 June 2024. The
marginal decrease of 0.2% y-o-y was mainly attributed to the downward revaluation of Australia
Properties in June 2024, as well as net movement in foreign currencies.
' The decline was also attributed to higher operating expenses that stemmed mainly from Wisma Atria and Myer Centre Adelaide Retail.'
' At the Wisma Atria property, tenant sales improved 6.5 per cent year on year, while shopper traffic grew 12.7 per cent. The manager noted that this was despite ongoing interior enhancement works in the basement, which was completed in February.'
The head of asset management ought to be sack!
' At the Wisma Atria property, tenant sales improved 6.5 per cent year on year, while shopper traffic grew 12.7 per cent. The manager noted that this was despite ongoing interior enhancement works in the basement, which was completed in February.'
The head of asset management ought to be sack!