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Outgoing manager of Sabana REIT expresses thanks, highlights 'outstanding track record' of performance in farewell note

Nicole Lim
Nicole Lim • 3 min read
Outgoing manager of Sabana REIT expresses thanks, highlights 'outstanding track record' of performance in farewell note
The outgoing manager, overseen by Chairman Tan Cheong Hin and CEO Donald Han, were voted out by unitholders in a 2023 EGM. Photo: Sabana REIT
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Against all odds, we have achieved stellar performance and continued to balance and serve the best interest of all our stakeholders, says outgoing manager of Sabana Industrial REIT in its farewell message on Oct 23.

The outgoing manager, overseen by Chairman Tan Cheong Hin and CEO Donald Han, wrote in a bourse filing that the REIT attained 19 consecutive quarters of positive rental reversion since 1QFY2021, an “outstanding track record of consistent performance”.

“The REIT’s income available for distribution per unit in 3QFY2025 of 1.01 cents, which matched the same high as 2QFY2025, was the strongest quarterly performance since 1QFY2018,” the note reads.

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