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Sabana REIT reports 24.3% lower 2Q DPU of 0.81 cent after manager forgoes 25% fees

Michelle Zhu
Michelle Zhu7/26/2017 06:34 AM GMT+08  • 3 min read
Sabana REIT reports 24.3% lower 2Q DPU of 0.81 cent after manager forgoes 25% fees
SINGAPORE (July 26): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has reported a distribution per unit (DPU) of 0.81 cent for 2Q17, down 24.3% from the 1.07 cent DPU declared a year ago.
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SINGAPORE (July 26): The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT) has reported a distribution per unit (DPU) of 0.81 cent for 2Q17, down 24.3% from the 1.07 cent DPU declared a year ago.

Unitholders will receive their 2Q distributions in cash on August 29.

2Q income available for distribution was $8.6 million, 5.5% down from $9.1 million in 2Q16, and will be distributed based on approximately 1.053 billion units issued as of June 30.

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