Shares & Derivatives
Sabana REIT’s Master Leases Gets Renewed at Lower Rent Again
By Investment Moats  •  November 25, 2017
I don’t wish to write too much on Sabana REIT (7.3% dividend yield on my Dividend Stock Tracker). I believe the saga have been covered adequately by the media. There is a high chance readers where would be aware about it. The last development is that E-Shang Redwood (ESR), who is the manager of ESR REIT (formerly known as Cambridge Industrial Trust | 6.9% dividend yield), took a 5% substantial stake in Sabana REIT. Sabana in the mean time went into a strategic review, to find out how best to proceed forward. As my friend B alluded here and here, there is a high chance that the properties would be realized at higher than fair value. ESR, being the substantial shareholders can trigger an EGM. This morning, Sabana and ESR REIT provide further clarification that they are not pursuing transaction options anymore. The strategic ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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