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Nov 11, 2010 · Sabana Plans Singapore IPO to Be World’s Biggest Islamic REIT Nov. 10 (Bloomberg) -- Sabana Real Estate Investment Trust said it plans to raise as much as S$554.4 million ($430 million) in an initial share sale to create the world’s biggest Shariah-compliant property trust by assets. Sabana will sell 504 million shares at between S$1 and
Nov 11, 2010 · Sabana Industrial REIT M1GU 1.12% has reported a portfolio occupancy of 92.6% for the 1QFY2023 ended March 31, reaching a new high since 1QFY2021. The REIT’s weighted average lease expiry (WALE) stood at 2.8 years as at March 31, which was lower than the 3.0 years in the quarter before. In the 1QFY2023, the REIT signed new leases totalling ...
Nov 11, 2010 · The Reit’s interim business update for Q3 did not include a net income figure. It also does its distributions on a half-yearly basis. In the update, Reit manager Sabana Real Estate Investment Management (SREIM) noted that the Reit had renewed 212,735 square feet (sq ft) of leases, higher than the 134,409 sq ft of renewed leases it logged in Q2.
Nov 11, 2010 · Han points out that in FY2021, Sabana REIT’s revenue, net property income, distributable income and DPU grew by double digits. Revenue rose 14.2% y-o-y to $81.9 million; NPI rose 16.4% to $52 million and DPU was up 10.5% y-o-y to 3.05 cents. Sabana REIT’s unit price is up 5.7% since the start of the year.
Nov 11, 2010 · Sabana Reit’s portfolio valuation for its 18 properties saw a further uplift by 2.3 per cent on-year to S$885.7 million as at end-2022, due to higher signing rents for both new and renewed leases across the portfolio as well as the securing of a new master lease tenant at 30 & 32 Tuas Avenue 8.
Nov 11, 2010 · The board of Sabana Reit recommends that unit holders vote against both resolutions. While it agreed that unit holders should vote against Resolution 2, proxy adviser ISS recommends voting for Resolution 1, given Sabana Reit’s governance flaws and its falling behind its peers in terms of performance and valuation under the current manager.
Nov 11, 2010 · The manager of Sabana Reit had earlier declared distribution per unit (DPU) of S$0.0146 for the second half of FY2022, which will be paid on Mar 27 after the books closure date on Feb 7. As the closing date of the offer will be after the declared books closure date of H2 DPU, the ex-distribution offer price will be S$0.4504.
Nov 11, 2010 · The first is for Sabana Real Estate Investment Management (SREIM) to be removed as the manager of Sabana Reit. The second is for HSBC Institutional Trust Services (Singapore) (HSBC Trustee) to be directed to create a new internal manager and bring in suitably qualified candidates as directors and staff.
Nov 11, 2010 · Sabana Reit *Official* (SGX: M1GU) Thread starter Joseph99; Start date Nov 11, 2010; Prev. 1 ...
Nov 11, 2010 · well, wouldn't say Sabana management has top class people. without shareholders stopping them from their worst inclinations, share price would have been lower. In fact maybe its a chance to hire the Croesus people. Can grow dividend faster and sell Sabana at big premium to book value
