Someone asked me why I didn't blog about Sabana REIT's latest results.
Answer?
There isn't much to say, really.
I did a piece on 17 October 2013 shortly after its 3Q results were released. In that blog post, there was a paragraph which said:
"Taking the DPU of 0.18c from 24 Sep to 30 Sep 13 as a guide, I estimate a DPU of 2.16c for 4Q 2013. This is a 10% reduction from 2.38c for 3Q 2013."
To find out how the estimate was made, read:
Sabana REIT: 3Q 2013 results and outlook.
Sabana REIT announced a DPU of 2.19c for 4Q 2013 which is 0.03c, some 1.38%, higher than my estimate. Not a good enough reason to bring out the lion dance troupe, perhaps, but at least it did not fall below my estimate.
The REIT is now trading at its NAV of $1.07 a unit and I would not be surprised if its unit price were to fall by a few cents upon the REIT going ......