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Sabana Reit collects overdue rent on Changi property

Annabeth Leow

Annabeth Leow

Published Mon, Sep 24, 2018 · 09:50 PM

Singapore

SABANA Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) has received overdue rent on a property in Changi, three weeks after the manager slapped the tenant with a notice of termination.

There should not be any material adverse financial impact on distribution per unit (DPU) for the property this year after the S$2.15 million payment is applied to settling the rental arrears, the manager said on Monday.

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