Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) posted DPU of 2.41 cents for the three months ended March. The trust achieved a distributable income of $15.5mil in Q1, 7.1 % higher than a year ago. This was bolstered by a 9.5% improvement in net property income to $20.3mil, and a 9.5% increase in gross revenue to $21.5mil. As at March 31, Sabana's portfolio consisted of 21 properties with total asset value of $1.2bil. The total portfolio occupancy was 99.9%.

Source: The Business Times / Bloomberg / Straits Times