On the other hand, portfolio occupancy slipped to 85.0% compared to 91.2% as at the FY2023. This was largely due to the repossessions of 33, 33A & 35 Penjuru Lane on Mar 8, 2024, and subsequently, 30 & 32 Tuas Avenue 8 Jun 14, 2024.
Sabana Industrial REIT has reported a distribution per unit (DPU) of 2.86 cents for the FY2024 ended Dec 31, 2024, 3.6% higher y-o-y. There were a total of 1.13 billion units in the REIT as at Dec 31, 2024, compared to 1.11 billion units in the REIT in the same period the year before.
Gross revenue for the full-year rose by 1.3% y-o-y to $113.3 million, thanks to a four-year high positive rental reversion in the period.
