REIT Financial News - Q2 2010 Quarterly Earnings Report for Starhill Global

Second quarter 2010 results for Starhill Global:

• Press Release
• Financial Statements
• Presentation Slides

Key Points

• DPU for the period 1 April 2010 to 30 June 2010 was 0.91 cents.
• Income to be distributed to Unitholders in 2Q 2010 was S$17.7 million, 3.6% lower than that of S$18.4 million in 2Q 2009.
• As at 30 June 2010, Starhill Global REIT’s outstanding debt was S$841.5 million of which S$570.0 million matures in September 2010.
• As at 30 June 2010, Starhill Global REIT has a gearing of 30.8% and its interest cover ratio stood at a 4.2 times. 
• The weighted average effective interest rate as at 30 June 2010 is 3.77% per annum.

Author's Note
The quarterly DPU for 2Q 2010 of 0.91 cents will be paid on 27 Aug 2010, with the book closure date on 3 Aug 2010.

The DPU was 0.95 cents for the previous quarter.