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Sabana REIT sees DPU fall 31.4% to 1.57 cents in 2HFY2021 due to high base in the year before

Felicia Tan
Felicia Tan1/20/2022 8:40 AM GMT+08  • 4 min read
Sabana REIT sees DPU fall 31.4% to 1.57 cents in 2HFY2021 due to high base in the year before
The REIT’s DPU for the FY2021 stood at 3.05 cents, up 10.5% y-o-y.
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The manager of Sabana Industrial Real Estate Investment Trust (Sabana REIT) has posted distribution per unit (DPU) of 1.57 cents for the 2HFY2021 ended Dec 31, 2021, 31.4% lower than DPU of 2.29 cents for the same period a year ago.

This brings DPU for the FY2021 to 3.05 cents, up 10.5% y-o-y from the DPU of 2.76 cents in the FY2020.

The decline seen in the half-year period was mostly due to the higher base seen in the 2HFY2020. The higher amount in the 2HFY2020 includes one-off rollover adjustments from previous years, as well as the withheld DPU retained from the 1HFY2020 for prudent cash management amidst uncertainties due to Covid-19.

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