Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT)

REITs

3 potential S-REIT mergers to watch out for: UOB Kay Hian

SINGAPORE (Dec 9): On the back of a slew of mergers and acquisitions among Singapore’s real estate investment trusts (S-REITs), UOB Kay Hian believes there could well be more consolidation of smaller S-REITs to come.

Results

Sabana REIT posts 14.8% lower DPU of 0.75 cent amid market challenges, portfolio optimisation

SINGAPORE (April 22): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has announced a 1Q19 DPU of 0.75 cent, down 14.8% y-o-y from 0.88 cents a year ago due to lower revenue and net property income (NPI).

Results

Sabana REIT posts 14.5% drop in 4Q DPU to 0.71 cents

SINGAPORE (Jan 24): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has declared distribution per unit (DPU) of 0.71 cents for the 4Q18 ended December, some 14.5% lower than DPU of 0.83 cents a year ago.

Results

Sabana REIT declares higher 2Q DPU of 0.82 cent on cost rationalisation

SINGAPORE (July 25): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) reported unitholders will receive a DPU of 0.82 cent for the 2Q18 ended June, 1.2% higher than in 2Q17.

Results

Sabana REIT posts flat DPU of 0.88 cents in 1Q

SINGAPORE (Apr 23): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has announced distribution per unit (DPU) of 0.88 cents for the 1Q ended March, unchanged from a year ago.

Sector Focus

Sabana REIT concludes strategic review with new CEO & independent director; posts 5.7% lower 4Q DPU of 0.83 cent

SINGAPORE (Jan 25): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) on Thursday announced the appointment of Donald Han and Tan Cheong Hin as its new CEO and a new independent director, respectively.

M&A

Sabana REIT ends talks with ESR-REIT; to identify suitable assets for disposal

SINGAPORE (Nov 25): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) says talks with the manager of ESR-REIT involving the sale of its assets or units, have ceased.

Results

Sabana REIT reports 24.3% lower 2Q DPU of 0.81 cent after manager forgoes 25% fees

SINGAPORE (July 26): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has reported a distribution per unit (DPU) of 0.81 cent for 2Q17, down 24.3% from the 1.07 cent DPU declared a year ago.

Vibrant announces termination of proposed sale of Changi South property to Sabana REIT

SINGAPORE (May 9): The proposed sale and leaseback of a four-storey light industrial building at 47 Changi South Ave 2, which Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) was originally intending to acquire from Vibran

In print this week

Here are the responses our questions drew at Sabana REIT’s EGM

SINGAPORE (May 5): Just before the extraordinary general meeting of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust, The Edge Singapore suggested six questions unitholders should ask the manager. Jerry Low Chin Yee, the de facto leader
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