Sabana Reit posts 31.4% drop in H2 2021 DPU to S$0.0157; seeks growth via AEIs, acquisitions
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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 build on its asset enhancement initiatives (AEIs).
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