Sabana Reit collects overdue rent on Changi property

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.