Starhill Global REIT’s income dips just 0.8% despite office divestment impact

Data from Starhill Global REIT's latest disclosure has been updated into the Singapore REITs table.

Starhill Global REIT saw net property income edge down a modest 0.8% to SGD75.1 million in the first half of FY2025/26, demonstrating resilience despite the divestment of certain Wisma Atria office strata units that removed a source of recurring income.

The decline for the six months ended 31 December 2025 was primarily attributed to the office divestment, rental arrears provision mainly for the China property, lower contribution from Myer Centre Adelaide's office component, and the depreciation of the Australian dollar against the Singapore dollar.

These were partially offset by higher contributions from Ngee Ann City and Lot 10 properties, alongside the appreciation of the ringgit against the Singapore dollar.