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

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Jude Chan
Uma Devi

Jude Chan &

Uma Devi

Published Wed, Jul 20, 2022 · 07:09 PM
    • 151 Lorong Chuan, a 6-storey industrial building, is the largest property of Sabana Industrial REIT by gross floor area.
    • 151 Lorong Chuan, a 6-storey industrial building, is the largest property of Sabana Industrial REIT by gross floor area. PHOTO: SABANA INDUSTRIAL REIT

    SABANA Industrial Real Estate Investment Trust (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.

    Sabana ReitFinancial results

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