Loading…
← CockpitCompetitor Analysis › P40U.SI Starhill Global Real Estate Investment TrustOpen in the cockpit ↗

Starhill Global Real Estate Investment TrustP40U.SICompetitor analysis, valuation and peers

Singapore · SGD·Real Estate›Real Estate Investment Trusts
Momentum neutral 49
Mkt cap
$884M
US dollars, full cap
Free float
62%
of shares outstanding
$/day
$1.40M
20-day average traded
P/B
0.68×
price to book
ROE
2.7%
delivered
Implied ROE
4.0%
what the price asks
Next earnings
83 days
28 Jan 2027
Close · SGDS$0.48
1D-3.0%
1W-3.0%
1M-4.0%
3M-10.2%
6M-12.6%
YTD-18.5%
1Y-16.4%
ATR %2.1%
52w lowhigh19.2% off high

What Starhill Global Real Estate Investment Trust does

Employees: 73

Starhill Global Real Estate Investment Trust at a glance

Size Starhill Global Real Estate Investment Trust (P40U.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $884M, the 76th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.48 on 6 Nov 2026.

Performance Over six months the shares fell 12.6%, against -9.5% for the median peer and -1.2% for the Singapore market (cap-weighted) — 6th lowest of 21 in its peer set.

Growth Revenue grew 0.5% over the last twelve months (peer median +5.7%); the operating margin is 68.4% (peer median 46.1%).

Valuation It trades at 0.68× book value against a peer median of 0.86× (5th cheapest of 21).

Price implies The share price implies a return on equity of about 4.0%; Starhill Global Real Estate Investment Trust delivers 2.7%, so the price asks more than the business earns today.

Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).

Relative performance

909510011 May 202611 Aug 20266 Nov 2026Peer median 91P40U.SI 87
Six months, rebased to 100: Starhill Global Real Estate Investment Trust against the median of its 20 peers (local-currency closes).

Starhill Global Real Estate Investment Trust financials

Reported figures in SGD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueS$194MS$194MS$193MS$192MS$188M
Revenue growth—0%+1%+2%—
Gross profitS$140MS$140MS$137MS$136MS$133M
EBITDAS$133MS$133MS$132MS$132MS$136M
Net incomeS$45.0MS$45.0MS$109MS$62.7MS$28.2M
Free cash flowS$84.4MS$84.4MS$80.4MS$93.1MS$83.2M
Capital expenditureS$2,000S$2,000S$0S$0S$0
Total debtn/aS$1.11BS$1.12BS$1.14BS$1.15B

Quarterly statements and history in the cockpit →

Starhill Global Real Estate Investment Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%-10%0%0%+10%SEB3468O5RUPSTLAU8UWKPVITL-UN3296ESRTINNINDUSINVIT89683287DGT3481ORCNTDUWHAP40U.SI6-month return →1-month return →
Up and to the right = strong over both horizons. Starhill Global Real Estate Investment Trust is the large dot.

Fundamentals: return on equity against price-to-book

-10%-5%0%5%10%0.50×10×1.50×SEB3468O5RUPSTLAU8UWKPVITL-UN3296ESRTINNINDUSINVIT8968Q5T3287DGTORCP40U.SIReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Starhill Global Real Estate Investment Trust is the large dot.

Capital: ROE delivered against the ROE the price implies

-10%-5%0%5%10%-10%0%10%SEB3468O5RUPSTLAU8UWKPVITL-UN3296INNINDUSINVIT8968Q5TDGTORCP40U.SIROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Starhill Global Real Estate Investment Trust is the large dot.

Starhill Global Real Estate Investment Trust competitors and peer comparison

How Starhill Global Real Estate Investment Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Starhill Global Real Estate Investment Trust against its 20 peers (data as of 6 Nov 2026)
MeasureP40U.SIPeer medianRank in peer set
1-month return-4.0%-0.7%3rd lowest of 21
6-month return-12.6%-9.5%6th lowest of 21
Return on equity2.7%4.9%8th lowest of 19
Price / book0.68×0.86×5th cheapest of 21
Trailing P/E24.9×17.3×5th most expensive of 14
ROE the price implies4.0%5.3%3rd least demanding of 21
ROE delivered2.7%5.1%8th lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Starhill Global Real Estate Investment Trust P40U.SISingapore$884M-13%0%3%0.68×4.0%2.7%
Stoneweg Europe Stapled Trust SEB.SISingapore$889M-12%-2%5%0.68×4.5%5.1%
Star Asia Investment 3468.TJapan$895M-7%+17%6%0.98×4.6%6.4%
Aims Apac REIT O5RU.SISingapore$904M-10%+6%11%1.09×4.9%11.1%
Postal Realty Trust PSTLUnited States$863M-5%+22%5%1.82×13.7%4.7%
CapitaLand China Trust AU8U.SISingapore$860M-7%-10%-1%0.55×5.3%-0.7%
Workspace WKP.LUnited Kingdom$913M+8%-2%-8%0.51×8.1%-8.5%
Vital Infrastructure Property Trust VITL-UN.TOCanada$853M-15%-28%-5%0.78×8.4%-5.2%
NIPPON REIT Investment 3296.TJapan$852M-18%+42%9%0.96×4.3%8.7%
Empire State Realty Trust ESRTUnited States$919M-7%+2%5%0.85×10.7%n/a
Summit Hotel Properties INNUnited States$845M+27%+2%0%0.91×10.4%-0.2%
Indus Infra Trust INDUSINVIT.NSIndia$842M+3%+41%9%1.19×10.5%9.4%
Fukuoka Reit 8968.TJapan$929M-7%-3%7%1.28×5.4%7.0%
Far East Hospitality Trust Q5T.SISingapore$831M-10%+6%2%0.59×4.0%2.3%
UI Boustead REIT UIBU.SISingapore$831M-5%n/an/a0.87×3.3%n/a
Hoshino Resorts REIT 3287.TJapan$831M-11%+44%5%0.90×4.8%5.2%
Digico Infrastructure REIT DGT.AXAustralia$941M-10%+90%-4%0.59×9.6%-4.2%
Mitsubishi Estate Logistics REIT Investment 3481.TJapan$952M-17%-4%5%0.96×4.4%5.2%
Orchid Island Capital ORCUnited States$953M-30%+83%-1%0.82×11.3%-0.6%
Ntt Dc REIT NTDU.SISingapore$955M-9%-8%n/a0.80×3.1%n/a
Wereldhave WHA.ASNetherlands$956M-15%+10%6%0.79×6.0%6.3%

Questions

Which companies are Starhill Global Real Estate Investment Trust's closest peers?
The cockpit's peer set: Stoneweg Europe Stapled Trust (SEB.SI), Star Asia Investment (3468.T), Aims Apac REIT (O5RU.SI), Postal Realty Trust (PSTL), CapitaLand China Trust (AU8U.SI), Workspace (WKP.L), Vital Infrastructure Property Trust (VITL-UN.TO), NIPPON REIT Investment (3296.T).
Is Starhill Global Real Estate Investment Trust expensive compared with its peers?
On price / book it trades at 0.68× against a peer median of 0.86×, 5th cheapest of 21 in its peer set. The share price implies a return on equity of about 4.0%; Starhill Global Real Estate Investment Trust delivers 2.7%, so the price asks more than the business earns today.
How has Starhill Global Real Estate Investment Trust stock performed?
Over six months to 6 Nov 2026 the shares returned -12.6% against -9.5% for the median peer; over one year -16.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.