Shares & Derivatives
Sabana Industrial REIT’s 2H FY23 Review
By REIT-TIREMENT  •  January 31, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI have improved YoY, primarily driven by positive rental reversions. However, the NPI increase is offset by higher utility costs and a one-off impairment loss related to 33 & 35 Penjuru Lane. Despite the abovementioned and internalization cost, the income available for distribution remains similar, while DPU is lower due to retention. Rental Reversion Rental reversion for 2H 2023 is at 14.7%. Asset Enhancement Initiative AEI for 1 Tuas Avenue 4 is on track to be completed by 1H 2024 while Phase 3 AEI for New Tech Park remains in discussion with multi-governmental and statutory boards. ESG Initiative The solar PV system at Changi South Street 2 was turned on in December 2023 while turn-on is expected to be in 1Q 2024 for 34 Penjuru Lane, 3A Joo Koon Circle. Solar power generation capacity for 5 properties is targeted to be expanded by 4Q 2024....
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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