Shares & Derivatives
Sabana REIT: 3Q 2012 DPU 2.34c.
By A Singaporean Stockmarket Investor (ASSI)  •  October 19, 2012
Sabana REIT reported a robust set of numbers, declaring a DPU of 2.34c. The counter will go XD on 24 Oct and income distribution is payable on 28 Nov.
Total assets under management: $1.1 bn Occupancy rate: 99.9% Average all-in financing cost: 4.3% Weighted average tenor of debt: 3.5 years. Interest cover ratio: 5.5x NAV/unit: $1.03 Sabana REIT's higher income from a slew of acquisitions comes with financing cost increasing significantly as well. Gearing is now higher at 38.3%. However, this does not disturb me much as the net result is still positive for unit holders. In my opinion, the weakness of Sabana REIT remains a high concentration of leases expiring in 2013.  At 47.4%, it has not changed from 3 months ago. My hope is for positive rental reversions which should lead to a higher DPU. I look forward to ......
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By A Singaporean Stockmarket Investor (ASSI)
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