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Sabana REIT reports 214.9% higher DPU of 1.48 cents in 1H21; to remove Shari’ah compliance requirement

Felicia Tan
Felicia Tan7/22/2021 8:34 AM GMT+08  • 5 min read
Sabana REIT reports 214.9% higher DPU of 1.48 cents in 1H21; to remove Shari’ah compliance requirement
The removal of the Shari’ah compliance will be effective on or around Oct 21.
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The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has posted distribution per unit (DPU) of 1.48 cents for the 1HFY2021 ended June, 214.9% higher than DPU of 0.47 cent posted in the 1HFY2020.

The surge in DPU was partly attributable to the 55% retention of the REIT’s distributable income in the 1HFY2020.

Had the amount been included, y-o-y DPU growth for the 1HFY2021 would have been 40.9%, from the 1.05 cents in the 1HFY2020.

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