SGX query on Sabana REIT uncovers negative rental reversions on master leases

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Sabana REIT has recorded negative rental reversions on each of the three master leases recently arranged with subsidiaries of its sponsor.

The negative reversions were revealed in response to a regulatory query from the Singapore Exchange (SGX), which came in on 31 October.

Sabana REIT first announced on 26 October that it had secured new master leases on its properties at 51 Penjuru Road, 33 & 35 Penjuru Lane, and 18 Gul Drive.

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