Gross revenue increased 4.6% y-o-y to $29.1 million, lifted by higher occupancy at most of its multi-tenanted portfolio. These include Sabana@1TA4 and 33, 33A & 35 Penjuru Lane which saw the highest increases, and further boosted by strong rental reversions across the portfolio.
Sabana Industrial REIT has reported a distribution per unit (DPU) of 0.86 cents for the 1QFY2025 ended March 31, up 26.5% y-o-y.
The REIT recorded a net property income (NPI) of $16 million for the quarter, up 22% y-o-y due to higher gross revenue while benefitting from lower overall property expenses.
