Starhill Reit Q2 DPU drops

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.