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An update from Starhill Global Real Estate Investment ( (SG:P40U) ) is now available.
Starhill Global REIT has issued 1,545,298 new units to its manager, YTL Starhill Global REIT Management Limited, as partial payment of its base management fee for the last quarter of 2024. This issuance, priced at S$0.5001 per unit, brings the total number of units to over 2.29 billion, with the manager holding approximately 2.95% of the total. This strategic move, as per the trust deed, highlights the flexibility in fee payment and potentially strengthens the manager’s stake in the REIT, influencing its operational dynamics and stakeholder interests.
More about Starhill Global Real Estate Investment
Starhill Global Real Estate Investment Trust (REIT) operates in the real estate investment industry, focusing on managing a diverse portfolio of retail and commercial properties. The trust is managed by YTL Starhill Global REIT Management Limited, which is responsible for overseeing the strategic and operational aspects of the REIT.
YTD Price Performance: 0.0%
Average Trading Volume: 16,960
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $844.6M
See more data about P40U stock on TipRanks’ Stock Analysis page.
