Starhill Global Real Estate Investment Trust (P40U.SI)
Full history for every metric is available with a Kvantra account

Starhill Global Real Estate Investment Trust (P40U.SI)
No price history available.
Key financial summary
Financials in SGD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | SGD m | 182 | 172 | 184 | 188 | 190 | 192 | 194 | 195 |
| Operating profit | SGD m | 130 | 133 | ||||||
| Net profit | SGD m | -97 | 54 | 50 | 28 | 63 | 88 | 45 | 95 |
| EPS reported | SGD | 0.05 | 0.02 | ||||||
| Operating cashflow per share | SGD | 0.05 | 0.05 | ||||||
| Capex per share | SGD | 0.00 | 0.00 | ||||||
| FCF per share | SGD | 0.05 | 0.05 | ||||||
| Free cash flow | SGD m | 115 | 124 | ||||||
| Net debt | SGD m | 935 | 913 | ||||||
| Book value equity | SGD m | 1,741 | 1,748 | ||||||
| Book value per share | SGD | 0.76 | 0.75 | ||||||
| Number of shares | m | 2,286.37 | 2,319.37 | ||||||
| DPS (TTM paid) | SGD | 0.04 | 0.04 |
Financial summary
Financials in SGD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 10.71 | 13.28 | ||||||
| P/B LTM | x | 0.67 | 0.67 | ||||||
| P/S LTM | x | 6.07 | 6.00 | ||||||
| P/FCF LTM | x | 10.13 | 9.41 | ||||||
| EV/EBITDA LTM | x | 13.06 | 15.81 | ||||||
| EV/Sales LTM | x | 10.94 | 11.38 | ||||||
| Earnings Yield LTM | % | +9.34% | +7.53% | ||||||
| FCF Yield | % | +9.87% | +10.63% | ||||||
| Quality | |||||||||
| ROE | % | +5.04% | +5.02% | ||||||
| ROIC | % | +4.44% | +4.32% | ||||||
| Operating margin | % | +67.71% | +67.00% | ||||||
| Gross margin | % | +67.71% | +70.76% | ||||||
| FCF/Sales | % | +59.90% | +65.14% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +71.84% | -29.24% | ||||||
| Sales Growth YoY | % | +1.20% | +2.35% | ||||||
| Net Income Growth YoY | % | +40.13% | -28.18% | ||||||
| FCF Growth | % | -5.58% | +1.68% | ||||||
| Operating Profit Growth | % | -0.51% | +1.71% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +6.04% | +6.70% | ||||||
| Dividend Growth | % | 0.00% | +0.82% | ||||||
| Payout Ratio | % | +64.71% | +79.17% | ||||||
| FCF/Debt | x | 0.11 | 0.12 | ||||||
| Net Debt/EBITDA | x | 5.81 | 7.10 | ||||||
| EBIT/Net interest | x | 3.09 | 0.00 | ||||||
| Net debt/market cap | % | +87.39% | +79.87% | ||||||
| Net debt/Equity | x | 0.54 | 0.52 | ||||||
| Gross debt/equity | x | 0.59 | 0.58 | ||||||
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
Company overview
Starhill Global REIT, a Singapore-based real estate investment trust, focuses its investments on retail and office properties situated in Singapore and various international markets. Since its initial public offering on the Singapore Exchange Securities Trading Limited (SGX-ST) on September 20, 2005, the trust has substantially expanded its holdings. Its portfolio has grown from stakes in two iconic Orchard Road properties to ten assets distributed across Singapore, Australia, Malaysia, China, and Japan, with a total valuation of approximately S$2.9 billion. These key properties include Singapore's Wisma Atria and Ngee Ann City, Australia's Myer Centre Adelaide, David Jones Building, and Plaza Arcade (in Adelaide and Perth), Kuala Lumpur's The Starhill and Lot 10 in Malaysia, a retail property in Chengdu, China, and two properties in Tokyo, Japan. The REIT maintains a strategic commitment to identifying compelling new property acquisitions globally, while simultaneously enhancing the value of its current portfolio through proactive tenant engagement and creative property upgrades. Starhill Global REIT is overseen by an external manager, YTL Starhill Global REIT Management Limited, which is entirely and indirectly owned by YTL Corporation Berhad.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.

Starhill Global Real Estate Investment Trust (P40U.SI)
No price history available.
Based on consensus from external analysts. Not Kvantra's opinion.
Starhill Global REIT, a Singapore-based real estate investment trust, focuses its investments on retail and office properties situated in Singapore and various international markets. Since its initial public offering on the Singapore Exchange Securities Trading Limited (SGX-ST) on September 20, 2005, the trust has substantially expanded its holdings. Its portfolio has grown from stakes in two iconic Orchard Road properties to ten assets distributed across Singapore, Australia, Malaysia, China, and Japan, with a total valuation of approximately S$2.9 billion. These key properties include Singapore's Wisma Atria and Ngee Ann City, Australia's Myer Centre Adelaide, David Jones Building, and Plaza Arcade (in Adelaide and Perth), Kuala Lumpur's The Starhill and Lot 10 in Malaysia, a retail property in Chengdu, China, and two properties in Tokyo, Japan. The REIT maintains a strategic commitment to identifying compelling new property acquisitions globally, while simultaneously enhancing the value of its current portfolio through proactive tenant engagement and creative property upgrades. Starhill Global REIT is overseen by an external manager, YTL Starhill Global REIT Management Limited, which is entirely and indirectly owned by YTL Corporation Berhad.
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