Photo from Starhill Global REIT's website

Starhill Global REIT’s NPI jumps 7.6% YoY to $75.1m in FY21/22

The cessation of rental rebates in Malaysia contributed to the increase.

Starhill Global REIT’s (SGREIT) net property income jumped 7.6% YoY to $75.1m in the second half of FY20/21.

In an announcement, the SGREIT’s manager said the increase in NPI was due to the “cessation of rental rebates in Malaysia and lower operating expenses.

The increase, however, was partially offset by the lower rental contribution from Wisma Atria Property and the depreciation of the Australian dollar against the Singapore dollar.

With increased NPI, the REIT’s distributable income for 2H FY21/22 also rose 4.9% YoY to $47.1m, whilst distribution per unit (DPU) increased  8.6% YoY to $0.0202.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!