NEWS & PRESS RELEASES
Marginal Increase in 3rd Quarter Revenue to RM83 Million Income for the Period Stands at RM60 Million
Kuala Lumpur, 27 May 2010 -- Starhill Real Estate Investment Trust ("Starhill REIT") achieved a marginal increase in revenue to RM83.2 million for the 9 months ended 31 March 2010, compared to RM82.4 million for the previous corresponding period last year. Realised income before tax for the period stood at RM60.3 million this year compared to RM60.8 million last year.
Starhill REIT is in the midst of a rationalisation exercise which involves the proposed disposal of Starhill Gallery and the Trust's parcels in Lot 10 Shopping Complex, and the rebranding of Starhill REIT as a streamlined hospitality REIT. The unitholders' meeting to approve the first stage is scheduled to be held on 1 June 2010, whilst details of subsequent acquisitions of hospitality assets will be determined and announced in due course.