1Q FY 2022/23 Financial Results
27 October 2022
Singapore Australia Malaysia Japan China
Contents
- Overview and Key Highlights
- Portfolio Updates
- Market Outlook
2
Overview and Key Highlights
Ngee Ann City Singapore
Overview of Starhill Global REIT
Prime retail portfolio in key Asia Pacific cities
Quality Assets
- Portfolio of ~S$2.9 billion
- 10 mid- to high-endpredominantly retail properties in six key Asia Pacific cities
Strategic Locations
- Landmark assets at prime locations
- Excellent connectivity to transportation hubs
- Appeals to both local and international brands
Diversified Portfolio
- Core markets: Singapore, Australia, Malaysia
-
Contribution to 1Q FY22/23 revenue:
Retail (~86%) & Office (~14%)
Strong Sponsor
- YTL Group owns ~37.7% of SGREIT
- Has a combined market capitalisation of US$3.4 billion(1)
Income Visibility
- Master/anchor leases with periodic rental reviews make up ~53% of gross rent(2)
- Staggered portfolio lease expiry profile and resilient occupancy
Healthy Financials
- "BBB" credit rating with stable outlook by Fitch Ratings
- Gearing of 36.5%(2) and weighted average debt maturity of 3.2 years(2)
Notes:
- Market capitalisation of YTL Corporation Berhad and its listed entities in Malaysia, as at 30 September 2022.
- As at 30 September 2022.
4
Key Highlights for 1Q FY22/23
Financial
Performance
Gross Revenue
S$47.6 million
6.2% y-o-y
Net Property Income
S$37.2 million
8.4% y-o-y
Note:
1. Based on committed leases as at reporting date.
Resilient
Operational Performance
Committed
Portfolio Occupancy
96.9%(1)
as at 30 Sep 2022
Long WALE
7.0 years
by NLA
Expiring leases by gross rent in FY22/23
10.5%
as at 30 Sep 2022
Prudent
Capital Management
Gearing
36.5%
as at 30 Sep 2022
Staggered Debt Maturity Profile averaging
3.2 years
Fixed/Hedged Ratio
84%
of borrowings
as at 30 Sep 2022
5
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Starhill Global Real Estate Investment Trust published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 02:12:05 UTC.