Sabana REIT's crown jewel, New Tech Park. (Photo: REITsWeek)Sabana REIT's crown jewel, New Tech Park. (Photo: REITsWeek)

Data from Sabana REIT’s latest update has been incorporated into the Singapore REITs table.

Buoyed by the successful transformation of its crown jewel asset, Sabana Industrial REIT (Sabana REIT) is now preparing to embark on its next major asset enhancement programme.

And the enhancement will be conducted on an asset in Tuas, which REITsWeek has been observing as one that is totally vacant and listed on the market for many years.

Sabana REIT reported on 20 January that its full-year distribution per unit (DPU) was 3.05 cents, which is an increase of 10.5% year-on-year.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.