Distribution Per Unit (“DPU”) of 2.14 cents and annualised DPU of 8.49 cents for 3Q2011.
On track to deliver annualised DPU of 8.63 cents for FY2011
• Achieved S$50.1 million gain in annual revaluation of its IPO portfolio
• Obtained investment grade credit rating from Standard & Poor’s
• Announced acquisitions of four yield-accretive properties worth S$132.3 million - portfolio size to cross S$1.0 billion mark upon legal completion
By ANGELA TAN
Sabana Real Estate Investment Management Pte Ltd, the manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust, reported on Wednesday a distribution per unit (DPU) of 2.14 cents for the third quarter ended September 30, 2011.
The DPU of 2.14 cents is in line with its forecast.
Distributable income was at S$13.6 million.
'With our 3Q2011 DPU in line with our forecast, our cumulative DPU performance is on track to achieve our Forecast3 DPU of 8.63 Singapore cents for the financial year ending 31 December 2011,' Kevin Xayaraj, CEO and executive director of the manager said.
On September 30, 2011, the value of Sabana Reit's portfolio had appreciated by S$50.1 million from S$851.2 million a year ago. This equates to 5.9 per cent increase in property values in the one-year period.
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