Starhill Global (SGLMF) 0.5860 $SGLMF
Starhill Global REIT (SGREIT) 1Q FY15/16 NPI increases by 10.2%
JCN Newswire - Wed Oct 28, 4:23AM CDT
YTL Starhill Global REIT Management Limited, the manager of SGREIT, is pleased to announce the results for the three months ended 30 September 2015 (1Q FY15/16). Revenue for SGREIT group grew 16.8% over the previous corresponding period to S$56.8 million in 1Q FY15/16 and net property income ("NPI"
for 1Q FY15/16 grew 10.2% over the previous corresponding period to S$43.6 million. The growth in revenue and NPI was mainly driven by the full-quarter contribution from the recently-acquired Myer Centre Adelaide and Singapore portfolio performance, partially offset by lower contributions from China and net foreign currency movements. Income to be distributed to Unitholders was S$28.6 million for 1Q FY15/16, 4.5% higher than that of S$27.3 million for the previous corresponding period of three months ended 30 September 2014.
Starhill Global REIT (SGREIT) 1Q FY15/16 NPI increases by 10.2%
JCN Newswire - Wed Oct 28, 4:23AM CDT
YTL Starhill Global REIT Management Limited, the manager of SGREIT, is pleased to announce the results for the three months ended 30 September 2015 (1Q FY15/16). Revenue for SGREIT group grew 16.8% over the previous corresponding period to S$56.8 million in 1Q FY15/16 and net property income ("NPI"
for 1Q FY15/16 grew 10.2% over the previous corresponding period to S$43.6 million. The growth in revenue and NPI was mainly driven by the full-quarter contribution from the recently-acquired Myer Centre Adelaide and Singapore portfolio performance, partially offset by lower contributions from China and net foreign currency movements. Income to be distributed to Unitholders was S$28.6 million for 1Q FY15/16, 4.5% higher than that of S$27.3 million for the previous corresponding period of three months ended 30 September 2014. 
