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    Real Estate

  3. •

    REIT - Retail
Starhill Global Real Estate Investment Trust

Starhill Global Real Estate Investment Trust

SGLMF
Starhill Global Real Estate Investment TrustUS flagOther OTC
0.38
USD
- -
- -
891.27MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
0.07
0.07
- -
0.07
0.06
0.06
0.06
0.05
0.06
0.06
0.05
0.06
0.05
0.05
Dividend per Share
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
Book Value per Share
0.97
0.94
- -
0.95
0.94
0.93
0.92
0.84
0.84
0.82
0.79
0.78
0.79
0.84
Tangible Book Value per Share
0.97
0.93
- -
0.92
0.92
0.91
0.88
0.81
0.86
0.83
0.78
0.76
0.76
0.81
Basic Weighted Avg Shares
2,047
2,153
- -
2,181
2,181
2,181
2,181
2,185
2,202
2,229
2,248
2,259
2,286
2,183
Sales/Revenue/Turnover
201
195
- -
220
216
209
206
181
181
186
188
190
192
181
Operating Margin (%)
70.05
71.63
- -
68.72
68.01
67.99
67.35
61.95
63.61
67.32
68.82
68.88
67.71
61.95
Depreciation Expense
- -
1
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
111
114
- -
117
110
103
101
77
88
90
89
85
88
77
Effective Tax Rate (%)
1.13
0.97
- -
- -
- -
3.93
5.04
- -
2.52
4.02
10.53
8.65
4.06
10.31
Profit Margin (%)
55.26
58.28
- -
53.03
51.05
49.39
49.14
42.79
48.64
48.16
47.37
44.62
45.72
42.79
Working Capital
-30
-78
-129
25
-366
-33
-86
-65
67
-77
31
-178
-12
-65
LT Debt
792
719
983
1,108
728
1,067
1,004
1,057
1,106
957
1,042
846
956
1,057
Total Equity
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
1,769
Return on Invested Capital (%)
4.97
4.83
- -
- -
- -
4.35
4.26
- -
3.75
4.06
4.04
4.3
4.52
3.23
Return on Capital (%)
4.95
5.02
- -
- -
- -
4.33
4.34
- -
4.21
4.25
4.3
4.37
4.51
30.64
Return on Common Equity (%)
5.89
5.68
- -
5.72
5.37
5.05
5.02
4.03
4.78
4.88
4.93
4.79
4.93
4.03

Capital Structure

FRC

•

in mil. unless spec.
Dec'20
Mar'20
Jun'20
ST Debt
28
156
162
LT Borrowings
1,111
1,002
1,056
LT Finance Leases
- -
- -
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,184
2,187
2,195
Market Capitalization
1,528
1,397
1,065

Working Capital

FRC

•

in mil. unless spec.
Dec'20
Mar'20
Jun'20
Total Current Assets
69
97
140
Cash, Cash Equivalents & STI
64
81
117
Accounts Receivable, Net
5
15
11
Inventories
- -
- -
- -
Total Current Liabilities
66
207
204
Payables & Accruals
- -
- -
- -
ST Debt
28
156
162
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.21%
-0.24%
1.3%
Free Cash Flow
- -
5.54%
-8.03%
Net Income, GAAP
- -
2.76%
3.68%
Sales/Revenue/Turnover
- -
1.23%
1.2%
Total Cash Common Dividend
- -
1.98%
-15.04%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
190
2025
- -
- -
- -
- -
192
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.04
2025
- -
- -
- -
- -
0.04
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.04
2025
- -
- -
- -
- -
0.03
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Peck Mun Tan
Full Time Employees
74
Sector
Real Estate
Industry
REIT - Retail
Address
391B Orchard Road Singapore CE Singapore 238874
IPO Date
Aug 3, 2012
Website
starhillglobalreit.com
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Business
Starhill Global Real Estate Investment Trust (SGLMF) is a Singapore-based real estate investment trust that primarily invests in income-generating retail and office properties across Asia-Pacific; its portfolio comprises nine mid- to high-end properties valued at approximately S$2.8 billion as at 30 June 2025, including Wisma Atria and Ngee Ann City on Orchard Road in Singapore; Myer Centre Adelaide, David Jones Building and Plaza Arcade in Adelaide and Perth, Australia; The Starhill and Lot 10 in Kuala Lumpur, Malaysia; Ebisu Fort in central Tokyo, Japan; and a retail property in Chengdu, China. Core markets of Singapore, Australia and Malaysia account for about 98% of total asset value, with the balance in Japan and China; the properties feature strong income stability from master and anchor leases comprising 52.6% of gross rental income, a committed occupancy rate of 94.6% and weighted average lease expiry of 7.6 years by gross rental income as at 30 June 2025. Established in 2005 and listed on the Mainboard of the Singapore Exchange Securities Trading Limited on 20 September 2005, Starhill Global REIT is headquartered at 391B Orchard Road, #21-08 Ngee Ann City Tower B, Singapore 238874, and externally managed by YTL Starhill Global REIT Management Limited, a subsidiary of YTL Corporation Berhad. Recent developments include the divestment of 13 strata office units in Wisma Atria in FY 2024/25, reducing its strata title interest to 68.81%; renewal of the Toshin master lease at Ngee Ann City for an initial 12-year term commencing June 2025 with profit-sharing upside; extension of the Katagreen master tenancy for Lot 10 for a third three-year term from July 2025 at a 6.0% rental step-up; completion of interior upgrades at Wisma Atria and façade works at Myer Centre Adelaide; entry into a S$600 million five-year sustainability-linked club debt facility in March 2025 to refinance maturing debts; redemption of S$100 million 3.15% notes due 2025; affirmation of "BBB" credit rating with stable outlook by Fitch in February 2025; and ongoing asset enhancements such as Wisma Atria taxi stand redesign and UNIQLO store expansion at Myer Centre Adelaide by end-2025.