Sabana REIT

Re: Sabana REIT

Postby winston » Tue Jan 26, 2016 9:24 am

vested

Sabana REIT's FY15 net property income came in 1.8% lower YoY to S$71.5m.

Distributable income fell by 2.9% to S$50.1m and annualised DPU was down 6.5% to 6.85 S-cents.
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Re: Sabana REIT

Postby winston » Mon Feb 01, 2016 3:46 pm

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Sabana REIT: Announces 1.5 Cents DPU For 4Q 2015.

For 4Q 2015, Sabana REIT registered distributable income of S$11.0 million, which was 14.9% lower than 3Q 2015.

On a Y-O-Y basis, distributable income and distribution yield in FY 2015 fell by 2.9% and 6.6% respectively.

Portfolio occupancy eased from 91.7% as at 30 September 2015 to 87.7% as at 31 December 2015.

Unitholders can expect to receive distributions for the period from 1 October 2015 to 31 December 2015 in cash on 29 February 2016.

The closure of Sabana REIT's transfer books and register of Unitholders will take place at 5pm on 2 February 2016...

Source: Share Investor
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Re: Sabana REIT

Postby winston » Tue Apr 19, 2016 10:50 am

EARNINGS REVISION

We reduce our 2016 and 2017 DPU forecasts by 11% each, inputting higher property expenses for the MTB conversions, and
accounting for leasing downtime accruing to conversions.

RECOMMENDATION

Maintain BUY with a lower target price of S$0.84, based on DDM (required rate of return: 8.1%, terminal growth: 1.3%).

Valuations still look undemanding at 0.7x P/B, and offering an attractive forward yield of 9.3%.

Source: UOBKH

https://research.uobkayhian.com/content ... 0067d83a83
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Re: Sabana REIT

Postby winston » Tue Apr 19, 2016 11:57 am

vested

Sabana Shari'ah Compliant REIT - Weak quarter to start the year, more to follow
Recommendation: Not rated, Closing Price: S$0.66, Target Price: N/A

· S$23.61mn gross revenue met 21.7% of consensus full year expectations of S$109.0mn.
· 1.33 cents DPU met 18.7% of consensus full year expectations of 7.1 cents.
· Effects of negative rental reversions, non-renewal, lower occupancy and higher property expenses experienced in 1QFY12/16 will continue in 2QFY12/16 onwards.
· Full impact of two properties divested in 1QFY12/16 will be felt in 2QFY12/16 onwards.

Source: Phillips
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Re: Sabana REIT

Postby winston » Wed Apr 20, 2016 9:18 am

not vested

Sabana Shari'ah Compliant REIT - Weak quarter to start the year, more to follow

Recommendation: Not rated, Closing Price: S$0.66, Target Price: N/A

· S$23.61mn gross revenue met 21.7% of consensus full year expectations of S$109.0mn.
· 1.33 cents DPU met 18.7% of consensus full year expectations of 7.1 cents.
· Effects of negative rental reversions, non-renewal, lower occupancy and higher property expenses experienced in 1QFY12/16 will continue in 2QFY12/16 onwards.
· Full impact of two properties divested in 1QFY12/16 will be felt in 2QFY12/16 onwards.

Source: Phillips
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Re: Sabana REIT

Postby winston » Mon Apr 25, 2016 3:32 pm

Sabana REIT: Announces 1.33 Cents DPU For 1Q 2016.

Sabana Shari'ah Compliant Industrial Real Estate Investment Trust announced a distributable income of approximately S$9.8 million for 1Q 2016.

This translates to DPU of 1.33 cents, based on approximately 735.8 million units issued and to be issued as at 31 March 2016.

Unitholders can expect to receive distributions for the period from 1 January 2016 to 31 March 2016 in cash on 30 May 2016.

The closure of Sabana REIT's transfer books and register of Unitholders will take place at 5pm on 26 April 2016.

Source: Share Investor
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Re: Sabana REIT

Postby winston » Mon Sep 05, 2016 9:47 pm

vested

Valuation of Properties:- Sin$1,040,500,000
Number of units: 737,740,488

NAV: 0.81

http://infopub.sgx.com/FileOpen/2016072 ... eID=413856

http://infopub.sgx.com/FileOpen/2016072 ... eID=413854
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Re: Sabana REIT

Postby winston » Tue Dec 20, 2016 9:14 am

vested

Rights

Pursuant to the Rights Issue, the Rights Units will be offered on the basis of 42 Rights Units for every 100 existing units in Sabana REIT.

An issue price of S$0.258 per Rights Unit (“Issue Price”)

Event Date and Time

Last day of “cum-rights” trading : 23 December 2016
First day of “ex-rights” trading : 27 December 2016
Rights Issue Books Closure Date : 29 December 2016 at 5.00 p.m.
Lodgement of the Offer Information Statement with the MAS: 30 December 2016
Despatch of the Offer Information Statement (together with the application forms) to Eligible Unitholders: 4 January 2017e
Commencement of trading of Rights Entitlements : 4 January 2017 from 9.00 a.m.
Last day of splitting and trading of Rights Entitlements: 12 January 2017 at 5.00 p.m.

Closing Date:

Last date and time for acceptance of the Rights Entitlements and payment for Rights Units: 18 January 2017 at 5.00 p.m.(1)
(9.30 p.m. for Electronic Applications through ATMs of Participating Banks)

Last date and time for application and payment for Excess Rights Units: 18 January 2017 at 5.00 p.m.(1)
(9.30 p.m. for Electronic Applications through ATMs of Participating Banks)

Last date and time for acceptance of and payment by the renouncees: 18 January 2017 at 5.00 p.m.
9
Event Date and Time
Expected date for refund of unsuccessful applications (if made through CDP)
: 26 January 2017
Expected date for commencement of trading of Rights Units on the SGX-ST
: 26 January 2017 from 9.00 a.m.
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Re: Sabana REIT

Postby behappyalways » Wed Feb 15, 2017 11:41 am

Disgruntled Sabana REIT unitholder lodges complaint with CAD over valuation of Changi South property
http://www.theedgemarkets.com.sg/articl ... h-property
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Re: Sabana REIT

Postby behappyalways » Mon Feb 20, 2017 9:29 pm

Sabana REIT dismisses relevance of unitholder's claim, will convene EGM 'as soon as practicable'
http://sgx.i3investor.com/servlets/fdnews/66413.jsp
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