Basic Profile & Key Statistics Sabana Industrial REIT (Sabana) invests in industrial and logistics properties which currently owns 18 properties in Singapore.
Performance Highlight Gross revenue and NPI have increased YoY 14.4% and 10.4% respectively As for distributable income and DPU, it would be fair to compare value from operations; both distribution and DPU increase 11.3% YoY.
Rental Reversion
Rental reversion is 8.8% for 2H 2021and 10.5% for FY 2021.
Asset Enhancement Initiatives In 2H 2021, AEIS for 8CL and 15JKB have been completed. As for New Tech Park, the replacement of passenger office lifts has been completed.
1TA4 which was previously held for divestment has been re-classified into an investment property and earmarked for major AEI. As for New Tech Park, the upgrading of the remaining 7 ground floor lobbies is expected to be completed by 3Q 2022.
Related Parties...