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Sabana Reit cuts Q2 DPU by 24% as revenue, net property income fall

Published Thu, Jul 25, 2019 · 09:50 PM

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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Companies & Markets

Companies & Markets

Sabana Reit cuts Q2 DPU by 24% as revenue, net property income fall

Companies & Markets

Porsche posts Q1 profit drop on ramp-up costs

IBM plots US$730 million expansion of Canadian semiconductor site

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Yeo Guat Kwang, John Chen retiring from corporate boards

US: Wall St opens higher

Air China orders homegrown C919s in challenge to jet duopoly

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