An announcement from Sabana Shari’ah Compliant Industrial REIT ( (SG:M1GU) ) is now available.
Sabana Industrial REIT announced that it will release its financial results for the first quarter of 2025 on April 15, 2025, after trading hours. This announcement follows the requirement for quarterly reporting due to a material uncertainty related to going concern, as highlighted by the auditors in the financial statements for the years ending December 2023 and 2024. The uncertainty is linked to an ongoing internalisation exercise that could potentially impact the REIT’s financial stability and necessitate mandatory loan prepayments if agreements with lenders are not satisfactorily reached.
More about Sabana Shari’ah Compliant Industrial REIT
Sabana Shari’ah Compliant Industrial REIT is a real estate investment trust based in Singapore, focused on industrial properties. It operates under the management of Sabana Real Estate Investment Management Pte. Ltd., and adheres to Shari’ah compliance in its operations.
YTD Price Performance: 8.57%
Average Trading Volume: 4,879
Technical Sentiment Signal: Buy
Current Market Cap: $310.1M
For a thorough assessment of M1GU stock, go to TipRanks’ Stock Analysis page.