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.
This morning, Sabana and ESR REIT provide further clarification that they are not pursuing transaction options anymore.
The strategic …