NEWS & PRESS RELEASES
Starhill REIT Records 3rd Quarter Net Revenue of RM23 Million & Realised Income of RM44 Million
Kuala Lumpur, 26 May 2011 -- Starhill REIT recorded net revenue of RM22.8 million and realised income of RM43.9 million for the 9 months ended 31 March 2011, compared to RM83.2 million and 60.3 million, respectively, for the same period last year.
The decline was due to the ongoing rationalisation exercise currently being undertaken by the Trust, the first stage of which involved the disposal of the Trust's retail properties, completed in June 2010. Starhill REIT is now focusing on the acquisition of new hotel properties and the repositioning of its portfolio as a hospitality REIT.