Starhill Global REIT reported Tuesday its fiscal 1Q anet property income dropped 8.7 percent on-year to S$36.9 million. The results missed a Daiwa forecast.
Starhill Global REIT said Tuesday it submitted a non-binding expression of interest to Isetan Singapore for the potential purchase of its Wisma Atria stake.
Starhill Global REIT is seeking to buy Isetan Singapore’s stake in Wisma Atria for more than S$290.7M, the Business Times reported, citing an unnamed source.
S&P downgraded Starhill Global REIT to BBB from BBB-plus Thursday as the REIT faces pressure from rent reversions in its key Singapore assets.
Singapore companies which may be in focus on Thursday, 29 August 2019: OUE, Citic Envirotech, CRCT, Silverlake Axis and Starhill Global REIT.
Starhill Global REIT reported Tuesday its fiscal fourth quarter net property income slipped 0.4 percent on-year. The results missed a forecast from Daiwa.
These are Singapore companies which may be in focus on Monday, 10 June 2019: City Developments, Singapore Airlines, Oxley and SPH.
Starhill Global REIT reported Thursday its fiscal third quarter net property income slipped 1.8 percent on-year to S$39.6 million, missing a Daiwa forecast.
These are Singapore companies which may be in focus on Wednesday, 20 March 2019: Singapore Airlines, Oxley, Thai Beverage and Starhill Global REIT.
S&P revised Starhill Global REIT’s ratings outlook to negative Tuesday on the expectation its leverage will be stretched over the next 18 to 24 months.
These are Singapore companies which may be in focus on Tuesday, 19 March 2019: Hyflux, M1, Starhill Global REIT and Mapletree Industrial Trust.
Starhill Global REIT said Monday it entered into new master tenancy agreements for the Starhill Gallery and Lot 10 properties in Malaysia.