Starhill Global REIT is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas.
Very undervalued average dividend payer.
Share Price & News
How has Starhill Global Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SGLM.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SGLM.F underperformed the US REITs industry which returned -8.6% over the past year.
Return vs Market: SGLM.F underperformed the US Market which returned 8.5% over the past year.
Price Volatility Vs. Market
How volatile is Starhill Global Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Starhill Global Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SGLM.F ($0.31) is trading below our estimate of fair value ($0.43)
Significantly Below Fair Value: SGLM.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SGLM.F is good value based on its PE Ratio (12.2x) compared to the REITs industry average (28x).
PE vs Market: SGLM.F is good value based on its PE Ratio (12.2x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: SGLM.F is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: SGLM.F is good value based on its PB Ratio (0.6x) compared to the US REITs industry average (1.4x).
How is Starhill Global Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SGLM.F's forecast earnings growth (48.9% per year) is above the savings rate (2.2%).
Earnings vs Market: SGLM.F's earnings (48.9% per year) are forecast to grow faster than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SGLM.F's revenue (7.4% per year) is forecast to grow slower than the US market (8.9% per year).
High Growth Revenue: SGLM.F's revenue (7.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SGLM.F's Return on Equity is forecast to be low in 3 years time (6.2%).
How has Starhill Global Real Estate Investment Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SGLM.F has a large one-off gain of SGD22.2M impacting its March 31 2020 financial results.
Growing Profit Margin: SGLM.F's current net profit margins (50.9%) are higher than last year (49.4%).
Past Earnings Growth Analysis
Earnings Trend: SGLM.F's earnings have declined by -3.7% per year over the past 5 years.
Accelerating Growth: SGLM.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SGLM.F had negative earnings growth (-2.3%) over the past year, making it difficult to compare to the REITs industry average (5.3%).
Return on Equity
High ROE: SGLM.F's Return on Equity (5.2%) is considered low.
How is Starhill Global Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: SGLM.F's short term assets (SGD97.3M) do not cover its short term liabilities (SGD207.0M).
Long Term Liabilities: SGLM.F's short term assets (SGD97.3M) do not cover its long term liabilities (SGD1.1B).
Debt to Equity History and Analysis
Debt Level: SGLM.F's debt to equity ratio (61.8%) is considered high.
Reducing Debt: SGLM.F's debt to equity ratio has increased from 38.1% to 61.8% over the past 5 years.
Debt Coverage: SGLM.F's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: SGLM.F's interest payments on its debt are well covered by EBIT (3.3x coverage).
What is Starhill Global Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SGLM.F's dividend (8.07%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: SGLM.F's dividend (8.07%) is in the top 25% of dividend payers in the US market (4.48%)
Stability and Growth of Payments
Stable Dividend: SGLM.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: SGLM.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.4%), SGLM.F's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SGLM.F's dividends in 3 years are forecast to be thoroughly covered by earnings (0.05% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sing Ho (53yo)
Mr. Ho Sing has been the Chief Executive Officer of YTL Starhill Global REIT Management Limited, the Manager of Starhill Global Real Estate Investment Trust since April 20, 2010. Mr. Ho has over 20 years o ...
|CEO & Executive Director||10.17yrs||no data||0.0093% SGD77.9k|
|Chief Financial Officer of YTL Starhill Global REIT Management Limited||11.17yrs||no data||no data|
|Senior VP & Head of Investments - YTL Starhill Global REIT Management Limited||no data||no data||no data|
|Senior Vice President of Finance & Accounting - YTL Starhill Global REIT Management Limited||no data||no data||no data|
|Senior Vice President of Human Resource & Administration||no data||no data||no data|
|Senior VP and Head of Investor Relations & Corporate Planning - YTL Starhill Global REIT Mgmnt. Ltd.||no data||no data||no data|
|Senior VP of Legal & Compliance and Joint Company Secretary of YTL Starhill Global REIT Mgmt Ltd||no data||no data||no data|
|Senior Vice President of Asset Management - YTL Starhill Global REIT Management Limited||1.75yrs||no data||no data|
|Joint Company Secretary - YTL Starhill Global REIT Management Limited||no data||no data||no data|
Experienced Management: SGLM.F's management team is seasoned and experienced (10.2 years average tenure).
|CEO & Executive Director||10.17yrs||no data||0.0093% SGD77.9k|
|Non-Executive Director||11.5yrs||S$63.00k||no data|
|Non-Executive Chairman||11.5yrs||S$100.00k||no data|
|Independent Director||2.83yrs||S$68.00k||no data|
|Independent Director||3.58yrs||S$68.00k||no data|
|Lead Independent Director||2.42yrs||S$73.00k||no data|
Experienced Board: SGLM.F's board of directors are considered experienced (6.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Starhill Global Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
- Name: Starhill Global Real Estate Investment Trust
- Ticker: SGLM.F
- Exchange: OTCPK
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: S$1.172b
- Listing Market Cap: S$836.887m
- Shares outstanding: 2.19b
- Website: https://www.starhillglobalreit.com
- Starhill Global Real Estate Investment Trust
- Tower B
- 391B Orchard Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|P40U||SGX (Singapore Exchange)||Yes||UNITS||SG||SGD||Sep 2005|
|SGLM.F||OTCPK (Pink Sheets LLC)||Yes||UNITS||US||USD||Sep 2005|
Starhill Global REIT is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas. Since its listing on the Mainboard of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 20 September 2005, Starhill Global REIT has grown its initial portfolio from interests in two landmark properties on Orchard Road in Singapore to 10 properties in Singapore, Australia, Malaysia, China, and Japan, valued at about S$3.1 billion. These comprise interests in Wisma Atria and Ngee Ann City on Orchard Road in Singapore, Myer Centre Adelaide, David Jones Building and Plaza Arcade in Adelaide and Perth, Australia, Starhill Gallery and Lot 10 in Kuala Lumpur, Malaysia, a retail property in Chengdu, China, and two properties in Tokyo, Japan. Starhill Global REIT remains focused on sourcing attractive property assets in Singapore and overseas, while driving organic growth from its existing portfolio, through proactive leasing efforts and creative asset enhancements. Starhill Global REIT is managed by an external manager, YTL Starhill Global REIT Management Limited. The Manager is a wholly-owned subsidiary of YTL Starhill Global REIT Management Holdings Pte. Ltd. which is in turn an indirect wholly-owned subsidiary of YTL Corporation Berhad.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/03 12:12|
|End of Day Share Price||2020/05/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.