Sabana REIT's property near Serangoon, New Tech Park. (Photo: REITsWeek)Sabana REIT's flag property near Serangoon, New Tech Park. (Photo: REITsWeek)

Sabana REIT continues to face challenges in the Singapore industrial market but will press on with its rejuvenation efforts, including possible overseas acquisitions in the future.

The REIT has reported a distribution per unit (DPU) of 0.71 Singapore cents for its 4Q 2018.

The figure represents a fall of 14.5% from the 0.83 cents achieved in the corresponding period of the previous financial year.

The result also represents Sabana REIT’s fourth consecutive quarter of falling DPUs since 1Q 2018.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.