Sabana Shari’ah Compliant REIT is a real estate investment trust constituted on 29 October 2010 under the laws of Singapore.
Sabana Shari’ah Compliant REIT is established principally to invest in income-producing real estate used for industrial purposes in Asia, as well as real estate-related assets, in line with Shari’ah investment principles. The initial property portfolio of Sabana Shari’ah Compliant REIT comprises 15 industrial properties located across Singapore.
Sabana Shari’ah Compliant REIT is committed to distribute 100.0% of its Taxable Income and taxexempt income, if any, for the period from the Listing Date to 31 December 2012 and thereafter to distribute at least 90.0% of its Taxable Income and tax-exempt income, if any (after deduction of applicable expenses).
2nd Quarter Highlights
Things to note:
- High Occupancy Rate over all their properties: 14 out of 15 property achieve 100% occupancy rate. With average lease expiry of 3.2 yrs.
- Net Asset Value at S$0.98
- Forecast yield based on current share price of $S0.85 is 10.1% p.a
Due to the unstable economy outlook in the US and EU zone, REITs may offer a better and safer way to park your capital with. Sabana Reits focus on Singapore industrial properties will offer stable rental income for its unitholders. spikes&curves recommends buy on Sabana Reit.
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