FTSE Updates S-REIT Benchmark Index Used for Starhill Global REIT Performance Fee Calculation

SGX Filings
2025/12/23

YTL Starhill Global REIT Management Limited, manager of Starhill Global Real Estate Investment Trust (Starhill Global REIT), announced that FTSE Group has amended the Benchmark Index effective Dec, 22 2025.

The Benchmark Index is a key reference for determining any performance fee payable to the manager under the trust deed dated Aug, 08 2005. A performance fee becomes payable when the accumulated return on Starhill Global REIT units for a financial year exceeds the accumulated return of the Benchmark Index on a reinvested-distribution basis.

Following the revision, the index now comprises 28 Singapore-listed real estate investment trusts and property-related business trusts: AIMS APAC REIT; CapitaLand Ascendas REIT; CapitaLand Ascott Trust; CapitaLand China Trust; CapitaLand India Trust; CapitaLand Integrated Commercial Trust; CDL Hospitality Trusts; Digital Core REIT; ESR-REIT; Far East Hospitality Trust; First Real Estate Investment Trust; Frasers Centrepoint Trust; Frasers Logistics & Commercial Trust; Keppel DC REIT; Keppel Pacific Oak US REIT; Keppel REIT; Lendlease Global Commercial REIT; Manulife US REIT; Mapletree Industrial Trust; Mapletree Logistics Trust; Mapletree Pan Asia Commercial Trust; NTT DC REIT; OUE Real Estate Investment Trust; Parkway Life Real Estate Investment Trust; Prime US REIT; Starhill Global REIT; Stoneweg Europe Stapled Trust; and Suntec REIT.

Starhill Global REIT units themselves remain excluded from the calculation of the Benchmark Index for fee comparison purposes, in line with the trust deed definition.

The REIT’s portfolio comprises nine retail and office properties in Singapore, Australia, Malaysia, Japan and China, valued at about 2.8 billion Singapore dollars as of Jun, 30 2025.

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