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Sabana Industrial REIT
REITs
Major unitholder buys Sabana REIT units at discount taking stake towards 20%
Quarz divested 22.5 million Sabana REIT units; Volare acquired 22.5 million Sabana REIT units at 34.5 cents in an off-market transaction on Nov 8.
18 days ago
Results
Sabana REIT incurs $5.6 mil of internalisation costs ytd; unitholders vote in favour of requisitionists' candidates
Donald Han, CEO of the REIT manager, said the REIT's strong performance at the beginning of the year was "hampered" by two repossessions.
October 18, 2024
REITs
Sabana REIT announces update on $2.1 mil claim against tenant Kleio One-Solution
The claim of approximately $2.1 million covers overdue fixed rent, land rent, property tax, and late payment interest.
September 11, 2024
REITs
Sabana Industrial REIT signs first tenant at Sabana@1TA4
The tenant is set to occupy approximately 64% of the property’s total lettable area.
September 10, 2024
REITs
Sabana REIT’s trustee has identified candidates for directors and senior management of new internal manager
As at 1.43pm, units in Sabana REIT are trading 0.5 cents lower or 1.49% down at 33 cents.
August 05, 2024
REITs
Sabana REIT's Trustee attributes internalisation costs to additional EGMs
Sabana REIT's Trustee explains costs for 1H2024, including additional EGMs requisitioned by Quarz.
July 23, 2024
Results
Internalisation costs rise to $8.9 million for Sabana REIT, DPU falls 16.8% y-o-y
As internalisation costs rise to $8.92 million, DPU falls by 16.8% y-o-y. Sabana REIT's manager says refinancing faces challenges.
July 23, 2024
Results
Sabana Industrial REIT reports 1HFY2024 DPU of 1.34 cents, 16.8% lower y-o-y
Units in Sabana Industrial REIT closed 0.5 cents higher or 1.49% up at 34 cents on July 23.
July 23, 2024
REITs
More costs likely as Sabana's manager agrees to Quarz's EGM, observers say
Sabana REIT likely to incur further costs for third EGM requisitioned by Quarz as price hits post-Covid low
July 01, 2024
REITs
Singapore needs reforms to revive its REITs: Bloomberg Opinion's Andy Mukherjee
Governance of Singapore REITs could hold back the much-anticipated recovery from reaching its full potential, says the writer.
June 27, 2024