- REIT sponsor's shareholding is low at 20.88%
- REIT manager's shareholding is low at 0%
- Directors of REIT manager's shareholding is low at 0%
- Occupancy is low at 83.4%
- WALE is short at 2.8 years
Basic Profile & Key Statistics
Sabana Shari'ah Compliant Industrial REIT (Sabana) invests in industrial and logistics properties which currently owns 18 properties in Singapore.
Performance Highlight
Performance improved YoY due to higher contribution from certain properties, write-back of impairment loss from the previous year and absence of rental waiver in 2021.
1H rental reversion is at 11.8%, which is a significant improvement as compared to the previous few years.
AEI completed for 23SNA5, 10CCS2 and phase 1 of 8CL. Phase 2 of 8CL and rejuvenation of passenger lifts and toilets of 151LC are ongoing. All these lead to an increase in property valuation.
NTP+ Lifestyle Mall AEI has been completed in 1Q 2021 where it achieves 97.4% occupancy as of 30 June.
Related Parties Shareholding
