Sabana Reit posts 31.4% drop in H2 2021 DPU to S$0.0157; seeks growth via AEIs, acquisitions
SABANA Industrial Real Estate Investment Trust (Sabana Reit) is moving into the next phase of its growth strategy as it targets to increase its portfolio value to more than S$1 billion over the next 3 to 5 years, said chief executive officer of the Reit manager Donald Han.
“We have decided to move on a growth path to be able to benefit unitholders,” Han said in a media call following the release of Sabana Reit’s FY2021 results on Thursday (Jan 20).
Part of this strategy will see Sabana Reit continue to b…
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
LVMH’s first quarter sales growth slips to 3% on luxury slowdown
AMD introduces AI chips for business laptops and desktops
Microsoft-backed Rubrik targets up to US$5.4 billion valuation in US IPO
BYD unveils two models in latest luxury sport utility push
US: Dow, S&P open higher as upbeat earnings obscure Mid-east jitters
J&J profit beats Wall Street estimates