While chatting with some friends, I mentioned that I expect a maiden DPU of no less than 2.8c for Sabana REIT. I also said that I could be wrong and the DPU could be higher. I am happy to be wrong and a DPU of 3.04c was announced. The REIT will go XD on 10 May and the income distribution will be made on 16 June. Some important numbers: NAV/unit: 98c. Gearing: 24.9% Interest cover ratio: 7.9x See presentation slides here. Not too long ago, I initiated a long position in Sabana REIT very close to its low and, similar, to my investment in Cache Logistics Trust, I would not be averse to some profit taking if its unit price were to rise meaningfully in the near future. Immediate resistance is provided by the declining 50dMA at 94.5c. This is more likely than not to ......