Starhill Global REIT's Balance Sheet Likely Has Room for Acquisitions -- Market Talk

Dow Jones
Feb 03

0213 GMT - Starhill Global REIT's healthy balance sheet likely provides room for acquisitions, says RHB Research's Vijay Natarajan in a note. The Singapore-listed real-estate investment trust's interest costs are expected to inch lower to around 3.5% after issuing new perpetual securities in October, while its gearing--total debt to total assets--remains modest at 35.4%. Its portfolio occupancy is also likely to rise after it signed new major tenants in China and Australia, the analyst says. RHB Research raises its FY 2027-FY 2028 distribution per unit forecasts by 2%-3% after adjusting for foreign exchange and interest-cost assumptions. It increases the target price to S$0.66 from S$0.60 and retains a buy rating. Units are flat at S$0.59. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

February 02, 2026 21:13 ET (02:13 GMT)

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