Starhill Global REIT Looks Well-Placed to Navigate Evolving Retail Landscape -- Market Talk

Dow Jones
04-01

0543 GMT - Starhill Global REIT looks well-placed to navigate the evolving retail landscape, RHB Research's Vijay Natarajan says in a research report. Management has been prudent on capital management by keeping the REIT's gearing below 40% and refraining from acquisitions, the analyst notes. There's also rental income upside for the REIT from an upcoming master lease extension by Katagreen, a subsidiary of the REIT's sponsor YTL Corp., the analyst says. In addition, the REIT plans to embark on more asset-enhancement initiatives at its Wisma Atria property in Singapore, which should boost the asset's valuation. RHB Research has a buy rating and a target price of S$0.570 on the units, which are up 1.0% at S$0.505. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

April 01, 2025 01:43 ET (05:43 GMT)

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