Starhill Reit Q2 DPU drops
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE soft office market and lacklustre retail landscape in Singapore have hit retail landlord Starhill Global Real Estate Investment Trust (Reit) where it hurts.
With six months left to go in its financial year 2017, the Reit has managed to get commitments for only about a third, as at end-2016, of its office leases by gross rent that are due for expiry this FY, it said in a Singapore Exchange filing on Thursday as it released weaker results for its second quarter.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
