Singapore's Starhill Global REIT FY revenue rises

Starhill Global Real Estate Investment Trust

29/07/2026 12:59

Overview
Singapore real estate trust's FY25/26 gross revenue grew 0.2% yr/yr
Net property income was nearly flat, up 0.1% yr/yr
Distribution per unit for FY25/26 rose 0.8% yr/yr

Outlook
Company plans asset enhancement works at Orchard Road and Ngee Ann City, completion by end-2026
Starhill Global REIT says committed occupancy for Singapore properties as at 30 June 2026
Company to pursue accretive acquisition opportunities and asset enhancement initiatives

Result Drivers
PROPERTY CONTRIBUTIONS - Higher contributions from Ngee Ann City Property and Lot 10 Property supported revenue and NPI growth
DIVESTMENTS AND LOWER CONTRIBUTIONS - Results were partially offset by loss of income from divestment of Wisma Atria Office strata units and lower contributions from Wisma Atria (Retail), Myer Centre Adelaide (Office), and China Property

Company press release: ID:nSN2Ch7CD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Gross Revenue
 
S$192.5 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for Starhill Global Real Estate Investment Trust is S$0.66, about 17.9% above its July 29 closing price of S$0.56
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
July 27 - Singapore's CapitaLand Ascott Trust H1 revenue falls on property closures, divestments
July 29 - Singapore's Digital Core REIT H1 net property income slips on facility redevelopment
July 28 - Singapore's Mapletree Logistics Trust Q1 revenue rises

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)