Sabana Industrial REIT's (SGX:M1GU) distribution per unit or DPU rose 26.9% in the first half of the year to SG$0.0170 from SG$0.0134 a year earlier, according to a Wednesday filing with the Singapore Exchange.
Total distributable amount came in at SG$19.1 million, up from SG$15.1 million in the year-ago period.
Net property income jumped 23% year on year to SG$33.5 million from SG$27.2 million a year earlier, while gross revenue was up 7.6% on year to SG$59.3 million from SG$55.2 million.
Overall portfolio occupancy stood at 85.7% at the end of the reporting period.
Shares of the REIT were up nearly 3% at the close of trade.
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