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Securities

Starhill Global REIT

P40U.SI : Singapore Exchange

0.535

+1.90%

Share Price in SGD. As of 11 Oct 16:02:58 SGT

Starhill Global REIT
0.535
+1.90%
All

Chart

Key stats

Starhill Global REIT’s share price has increased by 10.3% over the past 1 year. It has underperformed the Singapore stock market during this period.

Share Price Performance

  • 52 Week Range

    SGD 0.440 - 0.550

  • Price vs 5-year high/low

    Near high

  • P40U.SI Market
    1 Month 2.9% 1.4%
    YTD 1.9% 10.9%
    1 Year 10.3% 12.1%
    5 Year -28.2% 15.0%
Valuation
Financial
Dividend
Beansprout Analysis

Beansprout's Checklist

Fundamental

  • Occupancy Rate of 98.0% is higher than sector average of 95.2%

  • Net property income yield of 5.35% is lower than its dividend yield of 7.5%

Financial

  • Gearing Ratio of 0.37x is higher than sector average of 0.37x

  • Interest Coverage Ratio of 2.9x is above 2.5x

  • Net Book Value of $0.73 is lower than its net book value of $0.78 in the previous year

Valuation

  • Dividend Yield of 7.5% is higher than sector average of 7.3%

  • Price to Book of 0.75x is lower than sector average of 0.75x

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Revenue Breakdown by Asset

Revenue Breakdown by Geography

Market Analysis

Consensus Share Price Target

Starhill Global REIT’s price target is $0.572, according to consensus estimates as of 11 Oct 2024. Starhill Global REIT’s with a price target of $0.572 and current price of $0.535, has an upside potential of 6.9%.

Price Target: $0.572

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 11 Oct 2024

Analyst Ratings

  • CGS-CIMB

    31 Jan 2024

    Add

    0.620

  • DBS Research

    11 Apr 2024

    Buy

    0.680

  • OCBC Investment

    30 Apr 2024

    Buy

    0.500

    (prev 0.520)

  • RHB Invest

    22 Mar 2024

    Buy

    0.580

Analyst Reports

Valuation
Earnings
Financials
News
Profile

Company Description

Starhill Global REIT is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas. Since its listing on the Mainboard of the Singapore Exchange Securities Trading Limited on 20 September 2005, Starhill Global REIT has grown its initial portfolio from interests in two landmark properties on Orchard Road in Singapore to 13 properties in Singapore, Malaysia, Australia, Japan and China, valued at about S$2.6 billion. These include interests in Wisma Atria and Ngee Ann City on Orchard Road in Singapore, Starhill Gallery and Lot 10 in Kuala Lumpur, Malaysia, full ownership of a premier retail property in Chengdu, China, seven properties in the prime areas of Tokyo, Japan and the David Jones Building in Perth, Australia. Starhill Global REIT remains focused on sourcing attractive property assets in Singapore and overseas, while driving organic growth from its existing portfolio, through proactive leasing efforts and creative asset enhancements. Starhill Global REIT is managed by an external manager, YTL Starhill Global REIT Management Limited. The Manager is a wholly-owned subsidiary of YTL Starhill Global REIT Management Holdings Pte. Ltd. which is in turn an indirect subsidiary of YTL Corporation Berhad. For information on the Whitewash Resolution approved by Starhill Global REIT Unitholders at the 4 June 2010 EGM, please visit http://www.starhillglobalreit.com/important_info.aspx