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The stable outlook reflects Saizen REIT's improved liquidity and the absence of material refinancing needs in the next two years.
Read announcement here.
Sabana Real Estate Investment Management Pte. Ltd., the Manager of Sabana Shari’ah Compliant Industrial Real Estate Investment Trust, is pleased to announce the maiden donation of its non-Shari’ah compliant income to the Straits Times Pocket Money Fund and the Embassy of Japan for the relief and reconstruction efforts in Japan.
Read announcement here.
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9 comments:
AK,
copy paste link error?
http://sabana%20real%20estate%20investment%20management%20pte.%20ltd.,%20the%20manager%20of/
or it is my browser's problem? :S
MISCELLANEOUS :: SABANA REIT DONATES TO STRAITS TIMES POCKET MONEY FUND AND JAPAN EMBASSY.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_93C3913BCE32734D482578B5004B72B0/$file/SabanaDonations.pdf?openelement
Hi JJ,
The error is probably mine.
Hi Steven,
Thanks for providing the link. :)
Hi Ak,
when is the next dividend for sabana reit given? How much do you predict this dividend to be ?
Thank you
Regards
Phyllis
Hi Phyllis,
The next quarterly income distribution should be sometime in September and I expect a DPU of 2.2c or so.
AK,
whats ur view on LMIR's recent surge? sustainable? im tempted to cash out.
Hi CT,
Fundamentally, this REIT is bullet-proof. At 60c a unit, its distribution yield has fallen under 8%. So, if you are one who target a minimum of 8% yield on REITs, you could consider divesting.
Technically, the REIT's unit price has been doing a choppy and slow crawl upwards. I cannot say if this is sustainable though as the volume is really very thin.
Good luck. :)
LMIR surged partly due Lippo Karawaci plans to inject US$2 bil worth of retail assets into LMIR in the next 2-3 years. So watch out for M&A ! I think we can expect the same for FR as well...there are 2 hospitals under development and will be ready in 2012.
Nick
Hi Nick,
Thanks for sharing your analysis. :)
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