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The latest announcement is out from Starhill Global Real Estate Investment ( (SG:P40U) ).
Starhill Global REIT has obtained an advance tax ruling from the Inland Revenue Authority of Singapore confirming that its S$100 million 3.25 per cent subordinated perpetual securities (Series 004), issued under its S$2 billion multicurrency debt issuance programme, will be treated as debt securities for Singapore income tax purposes. As a result, the distributions, including any optional distributions, payable on these perpetual securities will be regarded as interest on indebtedness, providing clarity on the tax treatment for the REIT and its investors and potentially enhancing the securities’ attractiveness to income-focused stakeholders.
The most recent analyst rating on (SG:P40U) stock is a Buy with a S$0.50 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 is a Singapore-based real estate investment trust managed by YTL Starhill Global REIT Management Limited, with HSBC Institutional Trust Services (Singapore) Limited acting as trustee and issuer under its S$2 billion multicurrency debt issuance programme, which it uses to raise capital through various debt securities issuances.
Average Trading Volume: 1,385,233
Technical Sentiment Signal: Buy
Current Market Cap: S$1.35B
Learn more about P40U stock on TipRanks’ Stock Analysis page.