About Starhill Global Real Estate Investment Trust (SGLMF) — Dividend Analysis 2026
Starhill Global REIT 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 (the "SGX-ST") on 20 September 2005, Starhill Global REIT has grown its initial portfolio from interests in two landmark properties on Orchard Road in Singapore to 10 properties in Singapore, Australia, Malaysia, China and Japan, valued at about S$2.9 billion. 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 in Kuala Lumpur, Malaysia, a retail property in Chengdu, China and two properties in Tokyo, Japan. 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.
Is SGLMF a good dividend investment in 2026?
SGLMF offers a 7.12% forward yield with a 50% payout ratio. Strand Safety Score: 90/100 (Very Safe). The 5-year dividend CAGR of -8% is modest — investors should weigh current income against growth alternatives.
SGLMF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your SGLMF portfolio grows to $17.0K vs $15.7K without reinvestment. This is the compound interest effect in action.
SGLMF dividend growth history & forecast
SGLMF has grown its dividend by 0% over the last year and -8% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 7.12%.
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 SGLMF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold SGLMF.
Gross yield
7.12%
Tax rate
15.00%
After-tax yield
6.05%
Real yield (−CPI)
3.25%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
7.12%
4.32%
$712 / yr
🇺🇸 US Taxable (15%) ✓
15%
6.05%
3.25%
$605 / yr
🇺🇸 US Taxable (20%)
20%
5.70%
2.90%
$570 / yr
🇬🇧 UK ISA
0%
7.12%
4.32%
$712 / yr
🇬🇧 UK Taxable
8.75%
6.50%
3.70%
$650 / yr
🇨🇦 TFSA
0%
7.12%
4.32%
$712 / yr
🇨🇦 CA Taxable
25%
5.34%
2.54%
$534 / yr
🇦🇺 Super (pension)
15%
6.05%
3.25%
$605 / yr
🇦🇺 AU Taxable
30%
4.98%
2.18%
$498 / yr
🇩🇪 DE Taxable
26.375%
5.24%
2.44%
$524 / yr
🇫🇷 FR Taxable
30%
4.98%
2.18%
$498 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 SGLMF Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your SGLMF investment of $0.40/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$4.7K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$2.2K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in SGLMF for:
Shares needed
991,697
Capital required
$396,679
Monthly income
$2,000
Based on current dividend of $0.03/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 SGLMF Dividend Payment Schedule
SGLMF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$0.06 / payment
$0.24 / year after tax
100 shares
$0.61 / payment
$2.42 / year after tax
1,000 shares
$6.05 / payment
$24.20 / year after tax
📊 SGLMF vs Real Estate Benchmarks
How SGLMF compares to typical Real Estate averages.
Benchmark: Real Estate
Dividend Yield▲+1.92% vs sectorBetter
SGLMF
7.12%
avg
5.20%
5Y Dividend CAGR▼-12.10% vs sectorBelow avg
SGLMF
-8.00%
avg
4.10%
Payout Ratio▲-28.00% vs sectorBetter
SGLMF
50.00%
avg
78.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for SGLMF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ SGLMF Insider Activity
No recent SEC filings reported in the last 90 days.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the SGLMF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →