Starhill Global REIT's Perth Tenant David Jones Enters Voluntary Administration

By Public Technologies
  • 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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Starhill Global Real Estate Investment Trust published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 7ACABCLC9X4BL6B9) on November 05, 2026, and is solely responsible for the information contained therein.

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