This was mainly due to lower contribution from certain multi-tenanted properties due to lower occupancies; negative rental reversions for certain master leases renewed in the preceding quarter; and non-recognition of revenue from the property located at 1 Tuas Avenue 4, which is vacant.
SINGAPORE (Apr 23): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has announced distribution per unit (DPU) of 0.88 cents for the 1Q ended March, unchanged from a year ago.
Gross revenue fell 4.4% to $21.0 million in 1Q18, from $22.0 million a year ago.
