Starhill Global REIT NPI up 0.2% to $37.9m in Q1 FY25/26

Occupancy is at 94.8% as of end-September 2025.

Starhill Global REIT reported a net property income (NPI) of $37.9m for the Q1 FY25/26 period that ended on 30 September 2025, its bourse filing showed.

Gross revenue rose 0.7% year-on-year (YoY) to $48.3m, driven by stronger contributions from its Singapore retail and Malaysia properties.

This was offset by loss of contribution from its divestment of Wisma Atria Office strata units, rental arrears provision related to its China property portfolio, as well as depreciation of AUD against the SGD, it said.

Committed occupancy in its overall portfolio stood at 94.8% as of 30 September, and 97.6% for its retail portfolio. Portfolio weighted average lease term (WALE) expiry is 7.4 years.

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