- Starhill Global REIT’s 1HFY26 financials were in line. Portfolio occupancy is expected to move back up to the high 90% level with the signing of new major tenants in China and Australia.
- - Read this at SGinvestors.io -
- Healthy balance sheet provides room for tactical acquisitions.
Favourable award in Myer’s arbitration claims remove overhang.
- Australian courts have dismissed Myer’s claims against Starhill Global REIT in relation to a breach of lease terms, issuing a partial final award.
- The tribunal will separately decide and award on the AUD5m costs incurred by the REIT manager on legal and professional fees. This amount has been fully provided for in the financials and should the cost award be favourable, the REIT manager expects part (~30-70%) of these costs to be recovered.
More opportunistic sale of Wisma Atria (office) units likely.
- - Read this at SGinvestors.io -
- The REIT still owns a 66.1% stake and is open to further strata sale but it intends to retain a majority stake (>50%).
Leasing updates.
- Read more at SGinvestors.io.
