Thursday, January 28, 2010

Starhill Global Reit Dividends

• 4Q 2009 income to be distributed of S$18.8 million represents a 5.6% increase over 4Q 2008
• Acquisition of David Jones Building in Perth completed in January 2010

SINGAPORE, 28 January 2010 – YTL Pacific Star, the Manager of Starhill Global REIT - the S-REIT with the largest presence in Orchard Road – today announced that Starhill Global REIT’s fourth quarter (4Q) 2009 income to be distributed was S$18.8 million, 5.6% higher than that of S$17.8 million in 4Q 2008. Distribution Per Unit (DPU) (post-rights) for the period 1 October to 31 December 2009 was 0.97 cents, 5.4% higher compared to the restated 0.92 cents1 achieved for the previous corresponding period. On an annualised basis, the latest distribution represents a yield of 7.33%. Starhill Global REIT’s portfolio of 10 properties was valued at S$1.98 billion as at 31 December 2009, up from S$1.95 billion as at 15 June 2009.

Approximately S$2.0 million or 2.6% of the income available for distribution (comprising overseas income) for the year ended 31 December 2009 has been retained to satisfy certain legal reserve requirements in China and for working capital and capital expenditure purposes. Starhill Global REIT remains committed to distribute 100% of its Singapore taxable income.


20 lots, so my dividends will be $194.

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