Case Study: 
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This was highly caused by a decline in office assets in Singapore and Australia.

OCBC Investment Research reported that Starhill Global REIT (SGREIT)’s net property income (NPI) fell down by 2.2% YoY, from $41.4m to $40.5m in 2Q2018.

The NPI decline was caused by a 20% decrease in NPI for Singapore office assets, whilst 12.4% for Australia.

On a half-year basis, NPI decreased by 2.9% to $81.9m, forming OCBC’s NPI forecast of 48.1% in 2018.

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