Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Starhill Global Real Estate Investment ( (SG:P40U) ) just unveiled an update.
Starhill Global REIT reported stable third-quarter FY2025/26 performance, with gross revenue edging up 0.7% year-on-year to S$47.9 million and net property income flat at S$37.9 million, helped by stronger contributions from Singapore’s Ngee Ann City and Kuala Lumpur’s Lot 10, as well as currency gains. These were offset by the loss of income from divested office strata units at Wisma Atria, softer contributions from Myer Centre Adelaide Office and Wisma Atria Retail, and higher operating costs at its China property, though management noted NPI would have risen 1.2% excluding the divestment impact.
Operationally, the portfolio remained resilient, with committed occupancy at 96.4% and retail occupancy at 97.3%, underpinned by long-dated master and anchor leases that account for 54.3% of gross rental income and extend as far as 2043. The REIT’s balance sheet stayed healthy with 35.5% gearing, 80% of debt fixed or hedged and a 3.5-year average debt maturity, further strengthened by new six-year sustainability-linked facilities in Singapore dollars and Australian dollars that provide ample liquidity to refinance upcoming maturities and support income visibility for unitholders.
The most recent analyst rating on (SG:P40U) stock is a Buy with a S$0.68 price target. To see the full list of analyst forecasts on Starhill Global Real Estate Investment stock, see the SG:P40U Stock Forecast page.
More about Starhill Global Real Estate Investment
Starhill Global REIT is a Singapore-listed real estate investment trust with a diversified portfolio of mid- to high-end predominantly retail properties across six Asia-Pacific cities, including prime assets on key shopping belts in Singapore, Australia and Malaysia. With total assets of about S$2.8 billion, it focuses on retail (about 86% of revenue) and office (about 14%), supported by strong sponsor YTL Group and inclusion in major regional and global indices.
Average Trading Volume: 1,992,546
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$1.29B
See more insights into P40U stock on TipRanks’ Stock Analysis page.