Starhill Global REIT's asset in Perth, Australia. (Photo: REITsWeek)Starhill Global REIT's asset in Perth, Australia. (Photo: REITsWeek)

Starhill Global REIT has announced strong financial performance for the first half of the financial year ending 31 December 2024 (1H FY24/25).

Gross revenue rose by 1.7% year-on-year (y-o-y) to SGD96.3 million, while net property income (NPI) increased by 1.6% y-o-y to SGD75.6 million.

These results were driven by solid contributions from properties in Singapore and Perth, alongside favorable exchange rates for the Malaysian ringgit.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.