UOB Kay Hian is keeping its “overweight” rating on the Singapore REITs (S-REITs) sector despite the country’s recent surge in daily Covid-19 infections. This is as most of the new infected cases are asymptomatic or have mild symptoms. Thankfully, this means that ICU admission and deaths remain...

The manager of Starhill Global REIT has priced $125 million worth of notes due 2028. The notes were issued by Starhill Global REIT MTN, a wholly-owned subsidiary of the REIT’s trustee, HSBC Institutional Trust Services. The notes are guaranteed by HSBC Institutional Trust Services. The SGD-denomin...

THE following companies saw new developments that may affect trading of their securities on Tuesday:

STARHILL Global Reit's manager has priced S$125 million notes with a fixed interest rate of 2.23 per cent per annum due 2028, to be issued under its S$2 billion multi-currency debt issuance programme.

The manager of Cromwell European REIT (CEREIT) has announced the inclusion of CEREIT into the FTSE EPRA Nareit Global Developed Markets Index with effect from Sept 21. The REIT joins 10 other Singapore REITs (S-REITs) that will be admitted to the FTSE EPRA Nareit Global Real Estate Index Series foll...

After quarters of being buffeted by the pandemic, the earnings recovery trend is normalising in the Singapore market, say DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong. “The positive earnings revision trend in 4QFY2020 and 1QFY2021 has halted. 2QFY2021 saw a -2.9% q-o-q e...

In its latest FY2021 ended June results, Starhill Global REIT (SGREIT) recorded a 33.4% y-o-y increase in DPU to 3.95 cents. This came on the back of a slight 0.3% y-o-y increase in gross revenue to $181.3 million, bringing net property income to $134.7 million, 2.0% higher than last year. The REIT�...

RETAIL landlord Starhill Global Reit (SGReit) has announced a distribution per unit (DPU) of 2.07 Singapore cents for the second half, including the amount deferred from the previous financial year under Covid-19 relief measures.

STARHILL Global Reit's operational results are likely to improve as the economy and borders open, boosted by its Wisma Atria property, DBS said in a research note on Tuesday.

A brightening outlook is on the horizon for Starhill Global REIT (SGREIT), which has stakes in Orchard Road malls Wisma Atria and Ngee Ann City, with a possible index inclusion in September lifting prospects for the REIT. In a July 13 note, DBS Group Research analysts are upgrading SGREIT to “buy�...