Starhill Global REIT's Operating Metrics Show Much Stronger Resilience -- Market Talk

Dow Jones2023-08-10

0315 GMT - Starhill Global REIT's operating metrics show much stronger resilience, RHB Research analyst Vijay Natarajan says in a report, noting its FY 2023 results. The REIT has full committed occupancy for its Singapore retail and office assets, and a positive outlook for rents, the analyst says. Negotiations on its master leases with Toshin Development are progressing well, with extension and rents likely to be better than existing terms, the analyst adds. Importantly, around 84% of its debts are hedged with no immediate refinancing needs until 2H 2024, putting the REIT in a better position against rising rates, the analyst adds. RHB raises the unit's rating to buy from neutral and the target price to S$0.56 from S$0.55. Units are unchanged at S$0.495. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

August 09, 2023 23:16 ET (03:16 GMT)

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LianHin
2023-09-16
LianHin
Thanks for sharing

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The REIT has full committed ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"P40U.SI","symbol_name":"升禧环球房地产投资信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2358585790","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2358585790","pubTimestamp":1691637360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0315 GMT - Starhill Global REIT's operating metrics show much stronger resilience, RHB Research analyst Vijay Natarajan says in a report, noting its FY 2023 results. 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