Sabana Industrial REIT's DPU Balloons 38.4% in Q3; Shares Up 4%

MT Newswires
10/22

Sabana Industrial REIT's (SGX:M1GU) distribution per unit or DPU rose 38.4% in the third quarter ended Sept. 30 to SG$0.0107, from SG$0.0073 a year earlier, according to a Wednesday filing with the Singapore Exchange.

Total income available per distribution came in at SG$11.3 million, up 38.2% from SG$8.2 million in the year-ago period.

Net property income jumped 16% year on year to SG$16.9 million from SG$14.5 million, while gross revenue was up 5.3% on year to SG$29.9 million from SG$28.4 million.

Overall portfolio occupancy soared to a 12-year high at 94.7% at the end of the reporting period.

Sabana Reit jumps 4.65% at 11:43 am, Oct 23.

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