Starhill Global REIT's net property income down 0.6% to $38.9m

Due to weak performance of overseas assets.

Starhill Global REIT reported that its net property income declined 0.6% year-on-year to $38.9m for the quarter that ended on March 31.

The strong performance of its Singapore portfolio was offset by weaker contributions from its properties in Malaysia, Australia, China, and Japan.

Starhill Global REIT's revenue declined 2.7% to $47.9m. It declared a distribution per unit of 1.26 cents, higher than the 1.24 cents in the same period last year.

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