Wolf Money(Starhill Global REIT)

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The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer.

I made another REIT purchase in the short span of a week. Starhill Global REIT owns Ngee Ann City and Wisma Shopping Centre. Base on their recent results, they had an increase in dpu and the cost of financing drop 11 base points. I like the REIT for it Singapore focused assets with more than 70% assets invested locally. Debts are 83% fixed rated which makes financing and interest rates less of an issue. They have a gearing of 36.2% which is moderately lower than their peers. They do have some flexibility of divesting their strata offices in Wisma to bring down their gearing. The REITs is currently trading at 7.3% yield and 0.7x price to book. There is a drop off in our 10 years SGS yield recently. More detail in the month end portfolio update. God Bless.

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https://t.me/joinchat/oCgkD3sQFRMzMWM1



Disclaimers 

All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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