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| Star Dividends! |
Today it is straddling at the RM1.07 to RM1.08 range.
This is one hospitality REIT worth looking at as it has more properties both in the country and overseas in Japan and Australia.
The latest result is reassuring to the unit holders.
This is the latest report.
Starhill Real Estate Investment Trust (Starhill
REIT) has declared a final income distribution of 3.6247 sen per unit for the
six-month period ended June 30 2012, amounting to RM48.0 million.
Combined with the interim dividend of 4.0112 sen per unit paid
for the six months ended 31 December 2011, Starhill REIT’s total income
distribution of the financial year ended 30 June 2012 stands at 7.6359 per
unit, compared to 6.4855 sen per unit last year. This represents a yield of
7.2% per annum based on Starhill REIT’s 5-day volume weighted average unit
price of RM1.06.
Francis Yeoh , CEO of Pintar Projek Sdn Bhd, which is the manager of Starhill REIT, said, “The completion this financial year of the rebranding exercise to transform the Trust into a pure-play hospitality REIT marks a turning point. Starhill REIT’s property portfolio has now been fully rationalised to focus on prime, yield-accretive hotel and hospitality-related assets. This has enabled us to achieve a 32% increase in the total income distribution from the Trust to RM101.1 million, compared to RM76.5 million last year, and a 17.7% increase in the distribution per unit”.
Under the rationalisation exercise, Starhill REIT acquired the Pangkor Laut,
Tanjong Jara and Cameron Highlands resorts, the Vistana chain of hotels, The
Ritz-Carlton, Kuala Lumpur, the remainder of The Residences at The
Ritz-Carlton, Kuala Lumpur not already owned by the Trust, as well as the
Hilton Niseko in Japan, the Trust’s first international acquisition.
Subsequently, in June 2012, Starhill REIT also entered into agreements to
acquire the Sydney Harbour Marriott Hotel, Brisbane Marriott Hotel and
Melbourne Marriott Hotel in Australia for a total purchase consideration of
AUD415 million.
The book closure and payment dates for the final income distribution are 3
August 2012 and 28 August 2012, respectively.
Wahlau... good one, man
3 comments:
I would like to share my experience that the amount of dividend is usually a percentage of company earnings and is called the dividend payout ratio. Each dividend has a record Date, ex dividend date and date payable
asx dividend stocks
Well said!!
Thanks.
Well said!!
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