Sabana REIT Announces A 1.3% Rise In Its 3Q Distribution Per Unit
Sabana Real Estate Investment Management Pte. Ltd., the Manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (“Sabana REIT”), and as manager of Sabana REIT, the “Manager”), reported financial results for the third quarter ended 30 September 2019 (“3Q 2019”).
Unitholders will receive a DPU of 0.78 Singapore cents for the period, 1.3% higher year-on-year (“y-o-y”), from a distributable amount declared of S$8.2 million.
Gross revenue increased 1.6% y-o-y for 3Q 2019, mainly due to higher contribution from some multi-tenanted properties on improved occupancies, and a one-off recovery of revenue relating to prior usage of
