Qcm proposes that esr reit merge with sabana reit in a cash and unit transaction where 0. Sabana reit says book value of property to be acquired not. May 11, 2020 nippon prologis reit npr has provided an estimate of losses that it might incur from the fire that destroyed its property in miyagi. We aim to expand sabana reits portfolio by acquiring quality properties across the hightech industrial, chemical warehouse and logistics, warehouse and logistics and general industrial property segments, both in singapore and overseas. The proceeds can fund value accretive propositions such as aeis, repay outstanding loans and or for consideration of distribution to. Singapore including stock price, stock chart, company news, key statistics, fundamentals. Analysis of sabana reit realizing nav on the cards. Sabana reit was listed on the sgxst on 26 november 2010. Hightech industrial, chemical warehouse and logistics, warehouse and logistics, and general industrial. Usually, the reit manager fees is about 1% of asset under management sometimes could be as low as 0.
Sabana shariah compliant reit company facts, information and stock details by marketwatch. Oct 31, 2019 this creates selling pressure on sabana reit and prices get transacted lower. Sabana reit is a real estate investment trust constituted on 29 october 2010 under the laws of singapore. On 25 january, sabana released their latest results presentation. It was established principally to invest in incomeproducing real estate used for industrial purposes, as well as real estaterelated assets, in line with shariah investment principles. Sabana real estate investment management has received a notice of rescission to rescind the sale purachase agreement spa from the purchaser of its tuas avenue site, kim soon lee lim heavy transport.
Sabana shariah compliant reit phillip securities 20170808. I had a very troublesome time trying to calculate their priceto book value postrights. The company invests in incomeproducing real estate used for industrial purposes, as well as real estaterelated assets. Sabana industrial reit does 42 for 100 rights issue to fund. Qcm suggests in its open letter that esr reit merge with sabana reit in a cash and unit transaction where 0. A reit is a security traded like regular stocks that invests solely. Sabana reit, an industrial reit announces the divestment of its industrial property at 200 pandan loop. Hedge fund manager writes open letter to esr the edge singapore. The retail reit with the highest price to book value is mapletree commercial trust at 1. Sabana reit is the closer of the 2 of being merged, with esr already controlling the reit manager and owning the units held by former sponsor vibrant group.
Sbbsf sabana shariah compliant reit financial statements wsj. Sabana shariah compliant industrial real estate investment trust. Sabana reit corporate action dividends rights splits. The sale consideration is 52% below the below the propertys current book value of sgd23. Sabana industrial reit sells 200 pandan loop below ipo. Dec 20, 2016 usually, the reit manager fees is about 1% of asset under management sometimes could be as low as 0.
Given that sabana reit is currently trading below book value, it may be worth a. Sabana shariah compliant reit phillip securities 2017. Measures how much dividend a company pays out each year relative to its share price. Sabana shariah compliant industrial real estate in. Mar 04, 2020 the net asset value nav is one of the best metrics to use when assessing the value of a real estate investment trust reit. Recent news and developments shows that when the trading price is at a discount to nav, there is a opportunity of being noticed and acquired by bigger companies because of. The adjusted nav per unit shown refers to prerights but naturally. The net rental income from the acquisitions could be 6. Sabana shariah compliant industrial real estate investment trust is a real estate investment trust. Its property portfolio consists of approximately 20. Sabana reit continued to be one of the largest listed shariah compliant reits in the world in terms of total asset size.
In another turn of the drama unfolding in singapores real estate investment trust reit space, the manager for sabana shariah compliant industrial reit sabana reit said the book value of a property the reit is acquiring from its sponsor, vibrant group, is not relevant for the current acquisition. Singapore including stock price, stock chart, company news, key statistics, fundamentals and company. For the nine months to sept 30, however, dpu continued to show a decline to 2. Recent news and developments shows that when the trading price is at a discount to nav, there is a opportunity of being noticed and acquired by bigger companies because of its cheap value. Dec 22, 2015 sabana reit, an industrial reit announces the divestment of its industrial property at 200 pandan loop. Sabana reits tuas industrial building sale off the table. Sabana industrial reit does 42 for 100 rights issue to. At that price, sabana reit is valued at a price to book pb ratio of 0. Nov 17, 2019 sabana reit is the closer of the 2 of being merged, with esr already controlling the reit manager and owning the units held by former sponsor vibrant group. Sep 28, 2018 sabana reit has entered into a sale and purchase agreement to divest its property at 1 tuas avenue 4, for sgd11. The adjusted nav per unit shown refers to prerights but naturally, everyone would be interested in knowing the postrights one as the rights shares has already been issued. Our goal is to achieve greater diversity in terms of portfolio allocation across property segments, as well as in geographical locations. The net asset value nav is one of the best metrics to use when assessing the value of a real estate investment trust reit. Sg sabana shariah compliant industrial reit financial.
Shariah investment principles and procedures are consistent with islamic law and. Nippon prologis reit npr has provided an estimate of losses that it might incur from the fire that destroyed its property in miyagi. Sabana shariah compliant industrial real estate investment trust sabana reit is a singaporebased real estate investment trust. Sabana reit has entered into a sale and purchase agreement to divest its property at 1 tuas avenue 4, for sgd11. Hedge fund manager writes open letter to esr the edge. For further information on sabana reit, please visit important notice the value of units in sabana reit units and the income derived from them may fall as well as rise. This is probably why quarz capital highlighted the potential for sabana reit to be merged in the first place. Sabana reit an opportunity to unlock value on 25 january, sabana released their latest results presentation.
Sabana reit is managed by sabana real estate investment management pte. Stock analysis for sabana shariah compliant industrial real estate investment trust ssreit. For further information on sabana reit, please visit important notice the value of units in sabana reit units and the income derived from them may fall. The deal is in line with a strategy to recycle sabana reits capital and optimise portfolio returns for unit holders, the manager added, noting that the propertys plot ratio of 2. Sabana reit is a real estate investment trust constituted on. Sbbsf sabana shariah compliant reit profile marketwatch. Image from sabana reit presentation slides for 31 dec 16 results 2 property valuation has been falling. Sabana reit poor performing reit faces a rebellion. Sabana shariah compliant industrial reit engages in the ownership and investments in incomeproducing real estate used for industrial purposes, as well as real estaterelated assets. Sep 27, 2018 the deal is in line with a strategy to recycle sabana reit s capital and optimise portfolio returns for unit holders, the manager added, noting that the propertys plot ratio of 2. Compliant industrial real estate investment trust sabana reit or the trust, is pleased to. Reit information including dividend yields, gearing ratio.
Sabana reit disposes tuas property at 52% below book value. Sabana shariah compliant industrial real estate investment trust is a singaporebased real estate investment trust that creates value for its unitholders by investing in incomeproducing industrial real estate in asia in line with shariah investment principles. Find out all the key statistics for sabana reit m1gu. The trust invests in real estate used for industrial purposes, as well as real estaterelated assets. The new fourth edition of the definitive handbook on investing in real estate investment trusts reits. Nov 14, 2019 qcm proposes that esr reit merge with sabana reit in a cash and unit transaction where 0. Sabana reit was listed on singapore exchange securities trading limited on 26 november 2010. Real estate investment trusts reits, which provide some of the best total returns in the investment world, along with aboveaverage dividend yields and stable earnings, have become increasingly popular with both individual and institutional investors. In theory, if the price to book value is less than 1, a reit is trading for less than its worth. The average price to book value for industrial reits is 1. Sabana reit currently has a diversified portfolio of 18 quality properties in singapore, in the high. Sabana shariah compliant industrial real estate investment trusts distributions per unit in 3qfy2019 rose 1. The merger can solve the critical issue of overlapping investment mandates between the 2 trusts which has. Sabana reits unit price has declined alongside its distributions in the.
Nippon prologis reit highlights potential losses to book. I had a very troublesome time trying to calculate their pricetobook value postrights. Sabana shariah compliant industrial real estate investment trust is a real estate investment trust reit. In theory, if the pricetobook value is less than 1, a reit is trading for less than its worth. Warburg pincusbacked esr in talks to buy singapores. The activist fund is proposing that esr reit merge with sabana reit in a cash and unit transaction where 0. Sabana shariah compliant industrial real estate investment trust m1gu. The industrial reit with the lowest price to book value is sabana reit at 0. This creates selling pressure on sabana reit and prices get transacted lower. View sbbsf business summary and other industry information. Sabana reit to divest tuas avenue property at below book. The reit looks cheap based on its latest valuation.
News article by reuters on possible acquisition of sabana reit by eshang redwood. The industrial reit with the highest price to book value is mapletree industrial trust at 1. The net asset value nav of the reit is an aggregate valuation of the properties in their portfolio. Sabana reits untapped gfa could raise nav as new tech park undergoes aei 15 nov 2019 the edge markets singapore nov 18. Nippon prologis reit loses building in miyagi to fire. Measures the market price of share price over the value of companys assets expressed on the balance sheet.