Starhill Global Q1 2011 Quarterly Earnings Report

Starhill Global Q1 2011 Quarterly Earnings Report:

Press Release Whitewash Presentation Slides Financial Statements

Key Points

• 1Q 2011 DPU of 1.07 cents achieved, a 12.6% increase over 1Q 2010 and the highest quarterly DPU (post-rights issue) ever since IPO.
• On an annualised basis, the latest distribution represents a yield of 7.00% based on closing unit price of S$0.62 on 31 March 2011. 
• Asset redevelopment of Wisma Atria and Starhill Gallery to enhance the quality and performance of the retail assets.
• As at 31 March 2011, Starhill Global REIT’s outstanding debt was S$840.4 million and the weighted debt maturity profile was approximately 2.9 years. 
• Starhill Global REIT’s gearing level remained prudent at 30.2% and its interest cover ratio stood at a robust 4.6 times for the quarter ended 31 March 2011.
• The Books will close from 5pm on 5 May 2011 for the purpose of  determining Unitholders’ entitlement to the distribution. 
• The distribution will be paid on 31 May 2011.
• NAV per unit of $0.94 as at 31 May 2011.

Author's Note
The DPU for the reporting quarter is 1.07 cents and will be paid on 31 May 2011. Books closure is on 5 May 2011.

The DPU was 1.04 cent in the previous quarter.

Related Posts

• Results Release 
• DPU History  
• Starhill Global Q4 2010 Quarterly Earnings Report
• Starhill Global Q3 2010 Quarterly Earnings Report