NEWS & PRESS RELEASES
Starhill REIT Records 1st Quarter Revenue of RM8 Million & Realised Income of RM15 Million
Kuala Lumpur, 25 November 2010 -- Starhill REIT recorded revenue of RM8.2 million and income before tax of RM15.4 million for the 1st quarter of the financial year ending 30 June 2011.
The decline was due to the proposed 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.