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    Real estate investment trusts
Starhill Global Real Estate Investment Trust

Starhill Global Real Estate Investment Trust

0.42
USD
-0.03
(-6.67%)
790.56MMarket Cap
Jan 28Next Earn
Starhill Global Real Estate Investment Trust
OTC:SGLMF
(OTC Markets)

Recent

price

0.42

P/E

ratio

- -

div

yld

4.69%

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
SGD
0.09
0.1
0.1
0.09
- -
0.1
0.1
0.1
0.09
0.08
0.08
0.08
0.08
0.08
0.08
0.08
- -
Revenue per Share
0.04
0.04
0.05
0.05
- -
0.05
0.05
0.05
0.05
0.04
0.04
0.04
0.04
0.04
0.04
0.04
- -
Basic EPS, GAAP
0.07
0.06
0.07
0.07
- -
0.07
0.06
0.06
0.06
0.05
0.06
0.06
0.06
0.06
0.06
0.05
- -
Free Cash Flow per Basic Share
0.04
0.04
0.05
0.05
- -
0.05
0.05
0.05
0.04
0.03
0.02
0.03
0.04
0.04
0.03
0.03
0.03
Dividend per Share
0.86
0.88
0.93
0.94
0.91
0.93
0.92
0.91
0.89
0.81
0.86
0.83
0.78
0.76
0.76
0.75
0.87
Book Value per Share
0.86
0.88
0.92
0.93
0.91
0.93
0.92
0.91
0.89
0.81
0.86
0.83
0.78
0.76
0.76
0.75
0.87
Tangible Book Value per Share
1,940
1,940
2,043
2,150
1,599
2,178
2,178
2,178
2,178
2,181
2,198
2,225
2,244
2,255
2,283
2,308
1,898
Basic Weighted Avg Shares
180
186
201
195
- -
220
216
209
206
181
181
186
188
190
192
192
- -
Sales/Revenue/Turnover
70.09
70.48
70.05
71.63
- -
68.72
68.01
67.99
67.35
61.95
63.61
67.32
68.82
68.88
67.71
69.06
- -
Operating Margin (%)
- -
- -
- -
1
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
91
96
111
114
- -
117
110
103
101
77
88
90
89
85
88
89
- -
Net Income, GAAP
4.73
2.89
1.13
0.97
- -
- -
- -
3.93
5.04
- -
2.52
4.02
10.53
8.65
4.06
4.01
- -
Effective Tax Rate (%)
50.41
51.71
55.26
58.28
- -
53.03
51.05
49.39
49.14
42.79
48.64
48.16
47.37
44.62
45.72
46.41
- -
Profit Margin (%)
9
-451
-30
-78
-129
25
-366
-33
-86
-65
67
-77
31
-178
-12
-2
-256
Working Capital
838
357
792
719
983
1,108
728
1,067
1,004
1,057
1,106
957
1,042
846
956
942
782
LT Debt
1,851
1,882
2,010
2,033
1,983
2,018
2,009
1,990
1,930
1,769
1,890
1,847
1,749
1,719
1,741
1,748
1,913
Total Equity
4.47
4.67
4.97
4.83
- -
- -
- -
4.35
4.26
- -
3.75
4.06
4.04
4.3
4.52
4.62
- -
Return on Invested Capital (%)
4.46
4.69
4.92
5.02
- -
- -
- -
4.39
4.42
- -
4.24
4.21
4.31
4.42
4.59
4.58
- -
Return on Capital (%)
4.88
5.14
5.83
5.68
- -
5.82
5.49
5.16
5.17
4.18
4.82
4.8
4.95
4.88
5.08
5.12
- -
Return on Common Equity (%)

Capital Structure

SGD

•

in mil. unless spec.
Mar'20
Jun'20
Dec'21
ST Debt
156
162
332
LT Borrowings
1,002
1,056
781
LT Finance Leases
- -
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,183
2,191
2,196
Market Capitalization
1,371
1,069
1,044

Working Capital

SGD

•

in mil. unless spec.
Mar'20
Jun'20
Dec'21
Total Current Assets
97
140
131
Cash, Cash Equivalents & STI
81
117
120
Accounts Receivable, Net
15
11
12
Inventories
- -
- -
- -
Total Current Liabilities
207
204
387
Payables & Accruals
- -
- -
- -
ST Debt
156
162
332
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.35%
-1.52%
0.4%
Free Cash Flow
-1.11%
-2.4%
-1.36%
Net Income, GAAP
-2.17%
0.31%
1.73%
Sales/Revenue/Turnover
-1.22%
1.21%
0.21%
Total Cash Common Dividend
-2.34%
8.63%
5.71%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
190
2025
- -
- -
192
2026
- -
- -
192

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.04
2025
- -
- -
0.04
2026
- -
- -
0.04

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.04
2025
- -
- -
0.03
2026
- -
- -
0.03
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Business
Starhill Global Real Estate Investment Trust (SGREIT) is a Singapore-listed real estate investment trust that owns and manages a diversified portfolio of income-producing retail and office properties primarily in prime locations across Asia Pacific. The trust's key assets include iconic retail malls such as The Shophouses in Brisbane, Australia; Myer Centre Adelaide in Adelaide, Australia; David Jones buildings in Perth and Sydney, Australia; Lucky Plaza in Singapore; and Starhill Gallery in Kuala Lumpur, Malaysia; as well as office properties like The Commercial Towers in Kuala Lumpur, Malaysia, and Washington Plaza in Tokyo, Japan. SGREIT provides unitholders with regular distributions from rental income generated by these properties, targeting institutional and retail investors seeking exposure to high-quality commercial real estate in gateway cities. Founded in 2005 and headquartered in Singapore, SGREIT operates predominantly in Australia, Singapore, Malaysia, and Japan, with a focus on stabilised, freehold or long-leasehold assets leased to quality tenants including international luxury brands, department stores, supermarkets, and multinational corporates. The trust is externally managed by Starhill Global REIT Management Limited, a wholly-owned subsidiary of YTL Corporation Berhad, which oversees asset enhancement initiatives, leasing strategies, and capital recycling efforts to optimise portfolio performance. In recent developments, SGREIT completed the acquisition of Washington Plaza, a Grade-A office property in Tokyo's Roppongi district, in late 2023, marking its strategic entry into the Japanese market and diversifying its geographic footprint amid strong demand for premium office space. The trust also pursued portfolio optimisation through the divestment of non-core assets and debt refinancing initiatives in 2024-2025 to strengthen its balance sheet and support distribution growth, while navigating retail sector resilience post-pandemic with high occupancy rates exceeding 95% across its properties. No major name changes, funding rounds, or significant reorganisations have been reported for SGREIT in the last 1-2 years.