EGM aside, revolt has already switched things up at Sabana Reit

THE outcome of some shareholders' or unitholders' meetings are trickier to predict than others. But not Friday's stand-out meeting in Singapore's steadfast real estate investment trust sector where a "wolf pack" of more than 60 genuinely discontent unitholders are hoping to unseat the manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust.

For that, don't bother with the crystal ball gazing. Aside from their praise-worthy bravado and warranted "intervention" given the Reit's languishing returns, it's going to be tough for revolting unitholders to get the change of scenery they seek.

For sure, there may be many more agitated unitholders who would like to see the Reit's strategy fixed, but come crunch time, not all may be of like mind to throw out the manager and face the unknown although the Reit's prospect, as it stands now, is already in limbo.