Sabana Reit Q4 DPU falls to 0.71 Singapore cent
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
RESULTS for industrial landlord Sabana Reit declined for a consecutive quarter as lower occupancies and negative rental reversions for some master leases continued to weigh on revenue.
Distribution per unit (DPU) for its fourth quarter ending Dec 31, 2018 fell to 0.71 Singapore cent from 0.83 cent a year ago, the group said on Thursday. That came as Q4 income available for distribution declined to S$7.44 million, down 15.3 per cent from the previous year.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
