Sabana Reit EGM: Is dismissing the manager the panacea?

Singapore

SINGAPORE'S Reit sector is celebrated around the world for providing investors with stable returns and dividend income. In recent months, however, the sector has had to grapple with a challenging leasing environment and weak macroeconomic conditions. Sabana Reit, like all others, has been hit by these market factors.

Unitholders in every business have every right to be concerned about their investments and how they are managed. In the case of Sabana Reit, unitholder concerns were raised at a dialogue session with SIAS last week.