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Broker's Calls
Internalisation comes at a cost and Sabana REIT is fully valued, DBS says
Sabana REIT is fully valued says DBS due to cost of internalisation coupled with lenders' response to change of control
January 26, 2024
REITs
As Sabana REIT's 2HFY2023 DPU tumbles, Trustee warns of more costs
Costs related to internalisation cause Sabana REIT's DPU to fall 21% y-o-y in 2H2023; Trustee warns of more costs
January 23, 2024
REITs
Sabana REIT’s trustee announces application for Order 32 to clarify issues around trust deed amendment
Sabana REIT's trustee announces application for order 32 to amend trust deed to effect internalisation process
January 09, 2024
Company in the news
Sabana REIT files defence against tenant Kleio One-Solution's counterclaim
The manager of Sabana REIT has denied the counterclaim in its entirety.
December 28, 2023
Company in the news
Sabana REIT files $2.1 mil claim against tenant Kleio One-Solution
The sum of $2.1 million accounts for outstanding fixed rent, land rent, property tax and late payment interest as at Nov 15.
November 17, 2023
Billion Dollar Club 2023
Sasseur REIT takes overall sector win with outlet mall focus
Sasseur REIT’s outlets will benefit from consumer-driven recovery
November 09, 2023
Broker's Calls
DBS downgrades Sabana REIT to ‘fully valued’ after ‘watershed moment’
DBS Group Research has also lowered its target price to 30 cents from 48 cents previously.
August 10, 2023
REITs
Internalisation of Sabana REIT’s manager won’t result in cost savings, says ESR Group
Once the higher debt costs are factored in, unitholders will be worse off, says the group.
July 28, 2023
REITs
ESR urges Sabana’s unitholders to ‘restore certainty and stability’ to the REIT in open letter
Sabana REIT will be holding its EGM on Aug 7.
July 26, 2023
REITs
This is the cost of running Sabana REIT’s manager; are savings from fees worth the risk?
Sabana REIT's manager's net profit was around $1.26 million in FY2021 implying limited savings from internalisation versus costs
July 21, 2023