- Starhill Global REIT's 9MFY25 revenue and NPI came in at around S$143.9m and S$113.3m, constituting 75.5% and 75.8% of our full year forecasts, respectively.
- 3QFY25 gross revenue was flat y-o-y at S$47.6m, as MYR appreciation offset lower contribution from Wisma Atria post-divestment of office strata units, higher rental provision for the China property, and AUD depreciation.
- - Read this at SGinvestors.io -
Slight dip in portfolio occupancy.
- Operationally, Starhill Global REIT’s portfolio occupancy dipped 0.3 ppt q-o-q to 97.4%. This was due to a 1 ppt drop in occupancy for the Australia portfolio to 93.8%, while all other markets remained fully occupied.
- - Read this at SGinvestors.io -
- In terms of capital management, Starhill Global REIT’s gearing increased slightly by 0.4 ppt from 36.2% as at 31 Dec 2024 to 36.6% as at 31 Mar 2025, while average cost of debt remained stable, improving 4 bps to 3.65% over the quarter.
Letters of demand served to a tenant in China.
- Read more at SGinvestors.io.
