The manager of Starhill Global REIT has extended an additional SGD4.4 million in rent rebates to eligible retail and office tenants in Singapore.
The additional rebates follow the extension of ‘circuit breaker’ measures across the country to 1 June 2020.
This brings the total amount of rental rebates that has, and will be disbursed to approximately SGD18.1 million, including government property tax rebates.
Starhill Global REIT has a portfolio of 10 office and retail properties across Australia, China, Japan, Malaysia and Singapore.
The REIT is currently trading at a discount to book value of about 50%, as listed on the Singapore REITs table.
It was last done in the Singapore Exchange at SGD0.46.