Starhill Real Estate Investment Trust (the Trust) is a real estate investment trust. The Trust's principal investment strategy is to invest in a diversified portfolio of income producing real estate, used primarily for retail, office and hospitality purposes, with particular focus on retail and hotel properties. As of June 30, 2011, it had two prime properties situated in Kuala Lumpur's Golden Triangle, namely, the JW Marriott Hotel Kuala Lumpur and 60 units of serviced apartments, four levels of commercial podium and two levels of car parks located within The Residences at The Ritz-Carlton, Kuala Lumpur (The Residences Properties) (collectively referred to as the Properties). The Trust's manager is Pintar Projek Sdn Bhd. In November 2011, the Trust announced that Mayban Trustee Berhad had subscribed for Starhill REIT Niseko G.K., which in turn became a wholly owned subsidiary of the Trust. In November 2011, it acquired hospitality related assets.
my101homeno lah... the cash call is to pare down current debt. They borrowed a lot to fund australian acquisition earlier on
cclim88Good or bad news? Offshore hotel earning money?
AlphabetaJust reported Australia last quarter GDP 0.8% exceeded the 0.7% expectation. Aussie dollar strengthen over the past 3 days. So there will be translation gain in the coming quarter result from YTL Reit. Couple with better operation result from Aussie Hotels, the PAT per unit will be closer to the targeted distribution per unit.
sbsoo111usually YTL purposely act slowly on their actual intention. we do not need to rush in.
Fat Cat Tim Buddyother reits already rebounding, only this ytl-reits still act like a 'salty fish' - die and dry...