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

Sabana Industrial REIT reported record rental reversions and its highest portfolio occupancy in years for its 1H 2023 on 19 July.

In fact, the REIT’s latest portfolio occupancy figure of 93.9% surpasses that of the JTC 1Q 2023 industrial average.

And of the REIT’s 18 assets, 12 are either close to or 100% occupied.

But despite the sterling showing, investors appear to be less than enthused, judging from the REIT’s unit price movement in the days following 19 July.

Video: Battle for Sabana REIT 2023

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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.