Starhill Global Q3 2010 Quarterly Earnings Report

Q3 2010 results for Starhill Global:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU for the reporting quarter is 1.00 cents. 
• Strong performance primarily due to first quarterly contribution from Starhill Gallery and Lot 10.
• On an annualized basis, 3Q 2010 DPU represents a yield of 6.84% based on closing unit price of S$0.58 on 30 September 2010.
• Prudent gearing level of 31% with a post refinancing weighted average debt maturity of 3.4 years.
• Starhill Global REIT’s portfolio now includes 13 prime properties across five countries valued at approximately S$2.6 billion. 
• The geographic breakdown of the portfolio by asset value as at 30 September 2010 was as follows: Singapore 66.3%, Malaysia 17.2%, Japan 7.4%, Australia 6.0%, and China 3.1%.
• The Singapore portfolio’s committed occupancy improved from 95.8% in 30 June 2010 to 96.1% in 30 September 2010.
• NAV per unit was $0.90 as at 30 September 2010.
• The Books will close from 5pm on 3 November 2010 for the purpose of determining Unitholders’ entitlement to the distribution. 
• The distribution will be paid on 29 November 2010. 

Author's Note
The DPU of 1.00 cents will be paid on 29 Nov 2010. Books closure is on 3 Nov 2010.

DPU was 0.91 cents in the previous quarter.