Sabana Reit H1 DPU up 7.4% to S$0.0159 amid ‘improved’ portfolio value

SABANA Industrial Real Estate Investment Trust : M1GU 0% (Sabana Reit) on Wednesday (Jul 20) posted a distribution per unit (DPU) of S$0.0159 for the first half of its fiscal year ended June, up 7.4 per cent from S$0.0148 in the corresponding year-ago period. 

Donald Han, chief executive of Sabana Reit’s manager, said that the company has “improved” on its portfolio value over the past 6 months, which has translated to a higher net asset value per unit and higher net property income. “Together, these have enabled us to reward unitholders with a higher DPU,” he added.

“We’ve been in pole position in the industrial real estate investment trust (Reit) space in Singapore,” Han said at a briefing accompanying the results announcement.