Starhill Global Real Estate Inv (P40U) Fair Value & Analysis
Real Estate · SG · Market cap 1.3B SGD
Fair value as of: Aug 13, 2026
From 16 valuation models · updated 5 days ago
Share price −2.8% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 0.3738 SGD – 0.5818 SGD · fair‑value band 0.4000 SGD – 0.5500 SGD · the 0.5300 SGD price screens below the 0.5500 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Starhill Global Real Estate Inv (P40U) currently trades at 0.5300 SGD, while our model-based Fair Value estimate is 0.5500 SGD, implying the stock looks roughly 3.8% fairly valued today. The Quality Score stands at 62/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Starhill Global Real Estate Inv generated revenue of 192M SGD at a net margin of 56.8%. It earns a return on equity of 6.2%. Net debt stands at 935M SGD. The stock trades on a trailing P/E of 8.8. Fundamentals as of Aug 13, 2026
Our scenario range runs from 0.4000 SGD (bear case) to 0.5500 SGD (bull case); at 0.5300 SGD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -51% fair-value upside, at 4%, P40U screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Multiples (0.5800 SGD) versus Growth DCF (0.1600 SGD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 57
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Starhill Global Real Estate Investment Trust is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas.
Full company description
Starhill Global Real Estate Investment Trust is a Singapore-based real estate investment trust investing primarily in real estate used for retail and office purposes, both in Singapore and overseas. Since its listing on the Mainboard of the Singapore Exchange Securities Trading Limited on 20 September 2005, Starhill Global REIT has grown its initial portfolio from interests in two landmark properties on Orchard Road in Singapore to nine properties in Singapore, Australia, Malaysia, Japan and China, valued at about S$2.8 billion as at 30 June 2025. These comprise interests in Wisma Atria and Ngee Ann City on Orchard Road in Singapore; Myer Centre Adelaide, David Jones Building and Plaza Arcade in Adelaide and Perth, Australia; The Starhill and Lot 10 Property in Kuala Lumpur, Malaysia; and a property each in Tokyo, Japan and Chengdu, China. Starhill Global REIT remains focused on sourcing attractive property assets in Singapore and overseas, while driving organic growth from its existing portfolio, through proactive leasing efforts and creative asset enhancements. Starhill Global REIT is managed by an external manager, YTL Starhill Global REIT Management Limited, of which all of its shares are indirectly held by YTL Corporation Berhad. Starhill Global Real Estate Investment Trust was incorporated in August 8th, 2005 in Singapore.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Starhill Global Real Estate Inv reported revenue of 192M SGD in FY2025 versus 181M SGD in FY2021, a compound +1.5%/yr. Reported net income was 87.8M SGD in FY2025, compounding −0.1%/yr from FY2021.
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Peer Group
REIT - Retail · 98 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Retail median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simon Property Group SPG | $220.56 | $84.26 | -62% |
| Realty Income Corporation O | $62.59 | $30.45 | -51% |
| Unibail-Rodamco-Westfield SE URW | €103.40 | €98.09 | -5% |
| Kimco Realty Corporation KIM | $24.18 | $12.49 | -48% |
| CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U | 2.49 SGD | 0.9100 SGD | -63% |
| Scentre Group SCG | A$3.79 | A$3.34 | -12% |
| Regency Centers Corporation REG | $75.74 | $33.37 | -56% |
| Link Real Estate Investment Trust (Link REIT) 0823 | HK$38.44 | HK$41.98 | +9% |
| Federal Realty Investment Trust FRT | $117.21 | $41.47 | -65% |
| Brixmor Property Group BRX | $29.73 | $12.34 | -58% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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