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Starhill Global Real Estate Investment ( (SG:P40U) ) has issued an announcement.
Starhill Global Real Estate Investment Trust has announced the extension of its property management agreement with YTL Starhill Global Property Management Pte. Ltd. for its Singapore properties, Ngee Ann City and Wisma Atria, for an additional five years. This extension ensures continuity in property management operations and maintains the existing terms and conditions, which supports stable management and operational efficiency. The extension is deemed an ‘interested person’ transaction under Singapore Exchange regulations but falls below the threshold requiring further action, indicating a stable financial position for the REIT.
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 Real Estate Investment Trust operates in the real estate investment industry, focusing on managing prime retail and office properties. Its primary services include property management and investment, with a market focus on high-value properties in strategic locations such as Singapore.
Average Trading Volume: 1,710,480
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$1.16B
For detailed information about P40U stock, go to TipRanks’ Stock Analysis page.