Sabana Reit manager strikes conciliatory tone

Singapore

THE manager for Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) struck a conciliatory tone on Thursday as it addressed complaints by angry investors looking to throw it out over its lacklustre performance.

Conceding that the Reit has performed poorly compared to its peers in the past three years, Sabana Real Estate Investment Management said it is now working to stabilise the Reit's distribution per unit (DPU) by cutting costs and selling underperforming assets.