In brief

Sabana Reit's DPU down 18.7% in Q4

DISTRIBUTION per unit (DPU) for Sabana Reit fell 18.7 per cent to 1.78 cents in the fourth quarter of 2014. Distributable income dropped 14.8 per cent to S$12.9 million, as net property income fell 8.6 per cent to S$18.2 million. For the full year, DPU fell 21.9 per cent to 7.33 cents. Distributable income fell 16.4 per cent to S$51.6 million, on the back of a 9.2 per cent decline in net property income to S$72.9 million. The trust's units ended unchanged at S$0.925 on Wednesday, before the results were announced.

Fragrance unit buys property for A$1.45m