Starhill Global REIT: Under Watchlist

Fundamental Analysis of Starhill Global REIT:

Starhill Global Portfolio by Countries June14-2014Starhill Global Occupancy Rate June14-2014Starhill Global Tenant Mix June14-2014Starhill Global WALE June14-2014


WADB June 16-2014

Technically Starhill Global REIT is trading in a Rectangle and range bound between $0.755 and $0.845.

2014June14-Starhill Gbl-800x600

Compare with other Singapore REITs, Starhill Global is traded at a 12% discount to NAV with Distribution yield at 6.21%. Fundamentally this REIT is attractive in terms of Price/NAV, Distribution Yield and Gearing Ratio. However, technically the chart is moving sideway and looks like this REIT is going through a retracement currently. A much more attractive entry level is to wait for Starhill Global to retrace back to the Rectangle support at about $0.755. The yield at this price is about 6.5% with Price / NAV about 0.82 (18% discount to NAV). A little concern over the WADB as about 30% debt is going to mature in 2015 and Starhill Global REIT may need to refinance at a higher interest rate, thus impact the DPU.

I will be covering the above analysis  method in my Singapore REIT Investing public workshop, I strongly suggest you to sign up and understand how to do a proper analysis (Fundamental Analysis, Risk Assessment, Technical Analysis) on the REIT before throwing the money into stock market by selecting the wrong REIT and investing in the wrong time.



This Post Has One Comment

  1. k.c. yuen

    i am a new investor in reits.

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