SUBSCRIBERS

Sabana unveils steps to soothe unitholders

CEO of trust manager quits; measures include one-time base fee cut, dropping of acquisition; Q1 DPU falls 24%

Anita Gabriel

Published Tue, May 9, 2017 · 09:50 PM

Singapore

RATTLED unitholders of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust who fought valiantly but lost their bid to unseat the Reit manager, should have been more dispirited to hear Tuesday's news that the Reit fared poorly - again - in the first quarter with distribution per unit down 24 per cent.

Far from it. For the first time …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes