Basic Profile & Key Statistics
- Main Sector(s): Industrial, Logistics & Retail
- Country(s) with Assets: Singapore
- of Properties (exclude development/associate/fund): 18
Key Indicators
Performance Highlight
Gross revenue, NPI, distributable income and DPU improved yoy mainly due to higher contribution from New Tech Park, 23 Serangoon North Avenue 5, 8 Commonwealth Lane and 51 Penjuru Road.
Rental Reversion
Rental reversion is at 4% for 1Q and 17.4% for 2Q.
Asset Enhancement Initiatives
Ongoing upgrading is being carried out for a few properties. As for 1 Tuas Avenue 4, Sabana REIT is in active discussions with prospective tenants where the property would be converted as per tenants' requirements. The target completion is in 2H 2023.
Sensitivity to Interest Rate
For every 0.2% increase in interest rate, DPU would be reduced by 0.5% per annum.
Related Parties Shareholding
- REIT sponsor's shareholding: Below median for more than 10%
- REIT manager's shareholding: 0%
- Directors of REIT manager's shareholding: Below median for more than 20%
Lease Profile...
