Starhill Global REIT's Perth Tenant David Jones Enters Voluntary Administration
Bitget2026/11/05 00:24- Starhill Global REIT’s Perth tenant David Jones reported entering voluntary administration on November 5, 2026; no lease termination notice was received.
- The tenant occupies 95.1% of the David Jones Building; its lease generates approximately S$9 million in annual revenue.
- Hypothetical termination on July 1, 2025, without replacement for 12 months would reduce FY25/26 DPU to 3.29 cents from 3.68 cents.
- Under that scenario, portfolio committed occupancy would decline to approximately 86.1% from 97.4% as of September 30, 2026.
- The manager is pursuing replacement tenants and potential multi-tenant redevelopment; distributing some recent divestment gains could partially cushion the DPU impact.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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