A Path to Forever Financial Freedom

Author:   |   Latest post: Thu, 19 Sep 2019, 6:22 PM


Starhill Global Reit - Should See Better Days Ahead

Author:   |    Publish date:   |  >> Read article in Blog website

SPH Reit's recent Q1FY19 results show something promising for the retail rent sector as they managed to negotiate for a 10.1% positive rental reversion for the renewed leases that expire in Q1FY19 for the Paragon properties.

The Orchard central area continues to bounce back strongly on the back of strong high occupancy and the low supply pipeline for the next upcoming 5 years.

This is the latest I have extracted from the URA website.

The office space is doing well from what we see on the price and rental index, but that only takes up 5% of the total NPI for Starhill, so that isn't very significant.

The biggest move would need to come from the Singapore retail from their Wisma Atria and Ngee Ann City properties, which takes up 50% of the total NPI.

If this moves, the share price will move accordingly, usually in the same correlation.

Thus, my turnaround play would have to depend on this one.

Starhill has a next Toshin rental review in Jun 2019, which I think will be the key for a positive rental reversion that follows that to SPH Reit.

I think we should see better days ahead for Starhill performance.

This is just a quick update but an incomplete analysis of the stock.

And I think at 6.6% yield currently, it is an opportunity for investors to keep accumulating.

*Vested and will continue to accumulate

Thanks for reading.

If you like our articles, you may follow our Facebook Page here

Share this

Related Stocks

Chart Stock Name Last Change Volume 
StarhillGbl Reit 0.75 -0.01 (1.32%) 835 

  Be the first to like this.


108  138  158  698 

Top 10 Active Counters
 Keppel DC Reit 2.11+0.04 
 YZJ Shipbldg SGD 1.00-0.05 
 HPH Trust USD 0.168-0.006 
 ThaiBev 0.895-0.01 
 Frasers Cpt Tr 2.75+0.02 
 TEE Intl 0.043-0.004 
 Mapletree Com Tr 2.29+0.02 
 Rex Intl 0.084-0.001 
 Mapletree Log Tr 1.63+0.02 
 Golden Agri-Res 0.2450.00 
Partners & Brokers