Sabana Reit Q2 DPU dips on larger base of units

Singapore

SABANA Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) reported a 3.2 per cent dip in distribution per unit (DPU) for the second quarter ended June 30 to 1.8 Singapore cents due mainly to a larger base of units compared to a year ago.

Distributable income rose 1.2 per cent year-on-year to S$13.2 million during the quarter. Net property income inched up 0.5 per cent to S$18.4 million as income contributions from 10 Changi South Street 2, which was acquired in December 2014, streamed in.