Sabana Reit says no impact on Vibrant-related master leases so far
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SABANA Reit said on Friday that there is no impact on master leases related to its sponsor Vibrant Group at this juncture. This comes days after Vibrant's independent auditors issued a disclaimer of opinion on its financial statements for the financial year ended Apr 30, 2018. The Reit manager announced on Oct 26 that it renewed three Vibrant-related master leases set to expire this year. As at the period ended Sep 30 2018, Vibrant-related entities contributed about 10.9 per cent of the portfolio revenue for Sabana Reit and rental payments are up to date till November 2018.
Sabana Reit closed unchanged at S$0.40 before the announcement.
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