The manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT), on Jan 22, reported distribution per unit (DPU) of 2.29 cents for the 2HFY2020 ended December, 47.7% higher than 1.55 cents a year ago.

2HFY2020 distributable income came in 48.1% y-o-y higher at $24.1 million, which includes the $6.1 million or 0.58 cents per share that was withheld from distribution in 1HFY2020. The higher distributable income for the half-year period also includes operation income of $14.8 million and rollover adjustments from previous years of $3.2 million.

Excluding the 0.58 cents DPU from 1HFY2020, DPU for 2HFY2020 would have been 1.71 cents, up 10.3% y-o-y.

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