Starhill Global REIT: Distributable income rose 5.8% yoy, a total of $19.4m compared $18.3m in 3Q09. DPU was 5.3% higher yoy, at 1.00 cent, over 0.95 in 3Q09 and 9.9% higher qoq over 0.91 cent in 2Q10. Revenue increased by 38.7% coming in at $45.2m for 3Q10. The reason for the increase was attributed to Msia acquisitions of Starhill Gallery and Lot 10 and David Jones Building in Australia. Yield on an annualized basis is at 6.84%....
CEO Mr Ho Sing has remarked that retail now constitutes 87% of Starhill Global’s portfolio up from 84% from previous quarter. Starhill’s geographical breakdown assets including the new acquisitions are Sg 66.3%, Msia 17.2%, Japan 7.4%, Aus 6.0% and China 3.1%. Total assets as of 3Q10 stand at $1.7b
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment