Sabana Reit cuts Q2 DPU by 24% as revenue, net property income fall
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Singapore
LOSS of income from a recently divested property, absence of a one-time recovery of costs for another property, as well as lower revenue and net property income (NPI) dampened results for Sabana Reit for its second quarter.
Distribution per unit (DPU) for the quarter ended June 30 shrank 24.4 per cent to 0.62 Singapore cent from 0.82 cent in the previous year.
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