Sabana REIT Unitholders Call for Dividend Boost

Sabana Shari’ah Compliant Industrial REIT (SG:M1GU) has released an update.

Sabana Industrial REIT has received a letter from six unitholders requesting the return of S$9-10 million in setup costs, which they argue could lead to a significant dividend yield increase in the second half of 2024 and the first half of 2025. The REIT’s manager has clarified the expenses, stating that they were covered by retained income and cash flow from a Distribution Reinvestment Plan, and warns of potential further income retention for capital management purposes.

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