Starhill Global REIT announced that it has obtained an advance tax ruling from the Inland Revenue Authority of Singapore confirming that its 100 million Singapore dollars 3.25 percent subordinated perpetual securities, issued under the 2 billion Singapore dollars multicurrency debt issuance programme, will be treated as “debt securities” under Singapore’s Income Tax Act.

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With this classification, distributions on the Series 004 securities—including any optional distributions—will be regarded as interest payable on indebtedness for Singapore income-tax purposes.

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The Series 004 perpetual securities were priced on Oct, 01 2025 and the issuance was first disclosed on Oct, 10 2025. The manager of the trust, YTL Starhill Global REIT Management Limited, released the tax ruling update on Dec, 31 2025.