- Starhill Global REIT (SGX:P40U)’s operational performance has been on a steady uptrend, backed by healthy uplift at Singapore assets which achieved full occupancy as well as occupancy improvements across its overseas portfolios.
- - Read this at SGinvestors.io -
- The recent renewal of Toshin Development Singapore’s master leases has removed a key overhang and its balance sheet is in good shape.
Healthy recovery at Singapore assets
- Healthy recovery at Starhill Global REIT's Singapore assets, with both retail and office portfolios achieving full committed occupancies (since Jun 2023) despite ongoing renovation works.
- Rent reversion for office leases is in double digits, with demand stemming from family offices, fashion brands, overseas F&B players, and the medical sector.
- - Read this at SGinvestors.io -
Long Toshin master leases with room for upside.
- Read more at SGinvestors.io.
Vijay Natarajan RHB Securities Research | https://www.rhbgroup.com/ 2024-03-22
Read also RHB's most recent report:
2024-08-27 Starhill Global REIT - On Firm Footing; Buy.
Price targets by 2 other brokers at Starhill Global REIT Target Prices.
Listing of research reports at Starhill Global REIT Analyst Reports.
Relevant links:
Starhill Global REIT Share Price History,
Starhill Global REIT Announcements,
Starhill Global REIT Dividends & Corporate Actions,
Starhill Global REIT News Articles