NEWS & PRESS RELEASES
Starhill REIT Records 1st Quarter Revenue of RM28 Million & Realised Income of RM23 Million
Kuala Lumpur, 22 November 2012 -- Starhill Real Estate Investment Trust ("Starhill REIT") recorded revenue of RM28.1 million for the 3 months ended 30 September 2012 compared to RM8.0 million for the previous corresponding quarter ended 30 September 2011, whilst realised income increased to RM22.8 million for the quarter under review over RM15.4 million for the same period last year.
The increases in revenue and income were due mainly to recognition of lease rental income from the lease of the new hospitality properties acquired by the Trust, including the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts, the Vistana chain of hotels, Hilton Niseko in Hokkaido, Japan, The Ritz-Carlton Kuala Lumpur and the remainder of The Residences at The Ritz-Carlton Kuala Lumpur not already owned by the Trust. Starhill REIT also owns the JW Marriott Hotel Kuala Lumpur.