Starhill Global Real Estate Investment Trust P40U.SI · SGD

Real Estate · SGX · 🇸🇬 Singapore

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0.49

-3.00%

Close of 6 Nov 2026, in SGD

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At a glance

Figures in SGD, from our data supplier.

FY2026

Revenue

SGD 192.5m

FY2017FY2026

Net income

SGD 89.3m

FY2017FY2026

Free cash flow

SGD 114.4m

FY2017FY2026

Shareholders' equity

SGD 1.75bn

FY2017FY2026

Income statement

Fiscal years

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Revenue	SGD 192.5m	SGD 192.1m	SGD 189.8m	SGD 187.8m	SGD 186.4m	SGD 181.3m	SGD 180.8m	SGD 206.2m	SGD 208.8m	SGD 216.4m
Gross profit	SGD 132.9m	SGD 130.1m	SGD 130.7m	SGD 129.2m	SGD 144.7m	SGD 130.8m	SGD 112.0m	SGD 138.9m	SGD 142.0m	SGD 147.2m
Operating income	SGD 132.9m	SGD 130.1m	SGD 130.7m	SGD 73.6m	SGD 125.5m	SGD 115.3m	SGD 73.1m	SGD 138.9m	SGD 142.0m	SGD 147.2m
Net income	SGD 89.3m	SGD 87.8m	SGD 84.7m	SGD 88.9m	SGD 89.8m	SGD 88.2m	−SGD 97.4m	SGD 65.6m	SGD 84.2m	SGD 100.3m
Diluted earnings per share	0.04	0.04	0.04	0.04	0.04	0.04	-0.04	0.03	0.03	0.04

Balance sheet

At each fiscal year end

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Total assets	SGD 2.84bn	SGD 2.85bn	SGD 2.84bn	SGD 2.86bn	SGD 3.00bn	SGD 3.08bn	SGD 3.08bn	SGD 3.14bn	SGD 3.19bn	SGD 3.22bn
Cash and short-term investments	—	—	—	—	—	—	SGD 117.4m	SGD 72.9m	SGD 66.7m	SGD 76.6m
Total liabilities	SGD 1.09bn	SGD 1.10bn	SGD 1.12bn	SGD 1.11bn	SGD 758.4m	SGD 1.19bn	SGD 1.31bn	SGD 1.21bn	SGD 1.20bn	SGD 1.21bn
Debt	SGD 941.3m	SGD 954.9m	SGD 845.2m	SGD 1.04bn	SGD 956.0m	SGD 1.11bn	SGD 1.06bn	SGD 1.13bn	SGD 1.13bn	SGD 1.13bn
Shareholders' equity	SGD 1.75bn	SGD 1.74bn	SGD 1.72bn	SGD 1.75bn	SGD 2.24bn	SGD 1.89bn	SGD 1.77bn	SGD 1.93bn	SGD 1.99bn	SGD 2.01bn
Shares outstanding	2,321m	2,321m	2,321m	2,321m	2,321m	2,229m	2,200m	2,184m	2,925m	2,568m

Cash flow

Fiscal years

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Cash from operations	SGD 123.9m	SGD 125.6m	SGD 136.6m	SGD 123.5m	SGD 124.3m	SGD 142.2m	SGD 102.8m	SGD 134.0m	SGD 135.9m	SGD 141.1m
Capital spending	−SGD 9.5m	−SGD 10.6m	−SGD 14.7m	−SGD 17.8m	−SGD 6,000	−SGD 6,000	−SGD 38,000	−SGD 1,000	−SGD 1,000	−SGD 53,000
Free cash flow	SGD 114.4m	SGD 115.1m	SGD 121.9m	SGD 105.7m	SGD 124.3m	SGD 142.2m	SGD 102.8m	SGD 134.0m	SGD 135.9m	SGD 141.1m
Dividends paid	−SGD 74.4m	−SGD 70.4m	−SGD 82.9m	−SGD 84.7m	−SGD 81.2m	−SGD 55.1m	−SGD 73.4m	−SGD 97.5m	−SGD 101.2m	−SGD 109.7m

Latest quarters

By quarter end

	Dec 2025	Jun 2025	Dec 2024	Jun 2024	Dec 2023	Jun 2023	Mar 2023	Dec 2020
Revenue	SGD 96.3m	SGD 95.8m	SGD 96.3m	SGD 95.2m	SGD 94.6m	SGD 93.0m	SGD 46.5m	SGD 88.4m
Gross profit	SGD 64.2m	SGD 64.5m	SGD 65.5m	SGD 65.3m	SGD 65.5m	SGD 64.3m	SGD 33.4m	SGD 55.1m
Operating income	SGD 64.2m	SGD 64.5m	SGD 65.6m	SGD 65.3m	SGD 65.5m	SGD 64.3m	SGD 22.0m	SGD 34.4m
Net income	SGD 43.6m	SGD 65.5m	SGD 43.4m	SGD 23.0m	SGD 39.7m	−SGD 19.4m	SGD 22.7m	SGD 38.3m
Diluted earnings per share	0.02	0.03	0.02	0.01	0.02	-0.01	0.01	0.02
Cash from operations	SGD 63.0m	SGD 63.0m	SGD 62.0m	SGD 66.0m	SGD 69.0m	—	—	SGD 37.0m
Total assets	SGD 2.87bn	SGD 2.85bn	SGD 2.83bn	SGD 2.84bn	SGD 2.85bn	SGD 2.86bn	—	SGD 3.12bn
Cash and short-term investments	—	—	—	—	—	—	—	SGD 119.6m
Debt	SGD 940.3m	SGD 954.9m	SGD 919.6m	SGD 845.2m	SGD 946.8m	SGD 1.04bn	—	SGD 782.0m
Shareholders' equity	SGD 1.77bn	SGD 1.74bn	SGD 1.73bn	SGD 1.72bn	SGD 1.73bn	SGD 1.75bn	—	SGD 1.91bn

Financial ratios

Data as of 4 Nov 2026

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Gross margin	69.1%	67.7%	68.9%	68.8%	77.6%	72.2%	—	—	—	—
Operating margin	46.7%	82.3%	60.4%	39.5%	67.3%	63.6%	—	—	—	—
Net margin	46.4%	45.7%	44.6%	47.4%	48.2%	48.6%	—	—	—	—
Return on equity	5.1%	5.0%	4.9%	5.1%	4.0%	4.7%	—	—	—	—
Return on assets	3.1%	3.1%	3.0%	3.1%	3.0%	2.9%	—	—	—	—
Free cash flow yield	11.3%	—	—	—	—	12.5%	9.2%	12.0%	9.1%	10.8%
Revenue growth	0.2%	1.2%	1.1%	0.7%	2.8%	0.3%	—	—	—	—
Earnings growth	1.7%	3.7%	-4.8%	-0.9%	1.8%	-190.5%	—	—	—	—
Current ratio	0.98x	0.88x	0.27x	1.77x	0.54x	2.42x	—	—	—	—
Debt to equity	0.54x	0.55x	0.49x	0.60x	0.43x	0.58x	—	—	—	—
Equity ratio	61.6%	61.2%	60.6%	61.2%	74.7%	61.4%	—	—	—	—
Interest coverage	2.32x	3.89x	2.74x	1.93x	3.45x	2.92x	—	—	—	—
Buybacks as a share of market value	-4.1%	—	—	—	—	-1.4%	-0.7%	25.3%	-13.9%	-13.0%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	0.8%	1.2%	-1.3%
Operating income	21.8%	2.9%	2.7%
Net income	0.1%	0.3%	-5.9%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Gross margin	68.4%	68.6%	70.7%	68.9%
Operating margin	68.4%	61.3%	62.7%	60.6%
Net margin	46.1%	46.0%	46.8%	39.1%

Valuation history

At each fiscal year end

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Price to earnings	13.0	15.7	13.7	13.7	14.0	16.6	-11.3	24.1	23.6	19.9
Price to sales	6.0	7.2	6.1	6.5	6.7	8.1	6.1	7.7	9.5	9.2

Dividends and splits

Per share, in the currency the company pays

Paid for 20 years. Last went ex-dividend on 5 Aug 2026.

	FY2027	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Paid in the year	0.019	0.037	0.046	0.022	0.038	0.004	0.008	0.002

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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Starhill Global Real Estate Investment Trust P40U.SI · SGD

Search any instrument

At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology