Starhill Global REIT faces challenging outlook in near-term, says OCBC

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OCBC Investment Research has slashed its fair value estimate on Starhill Global REIT, citing challenging operating conditions ahead in the near-term.

The REIT, which has a portfolio of ten retail properties in Australia, China, Malaysia, Japan, and Singapore, has registered negative total returns of -12.2% in the year-to-date (YTD).

This is significantly below YTD returns for the broader Singapore REITs sector, which is currently at -6.1%.

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