Sabana REIT posts 14.5% drop in 4Q DPU to 0.71 cents

SINGAPORE (Jan 24): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has declared distribution per unit (DPU) of 0.71 cents for the 4Q18 ended December, some 14.5% lower than DPU of 0.83 cents a year ago.

This was mainly due to lower net property income in 4Q18 and higher rent-free periods given to new tenants of multi-tenanted properties.