Sabana REIT announced over the weekend three new property acquisitions followed by a Rights Issue exercise to fund the purchases. The REIT will issue 42 rights for every 100 existing shares. The issue price of each new share is $0.258 which represents a 49% discount to the closing price of $0.505 on 19 Dec. The … More Sabana REIT – Divestment at a loss

Sabana REIT hit a new low of $0.56 yesterday. I do not usually do this, but I decided to wager a small punt on the counter. The numbers. Last quarter DPU was $0.0133. I expect DPU to decline further as more master leases expire this year. It looks like the market is also pricing in … More A small punt on Sabana REIT

I first got into this industrial REIT in mid 2011. After three years, I divested from it yesterday at an average price of $1.041. My average cost of investment is $1.027, without including the distributions received throughout the period. Reason for divestment being the big drop in DPU in the latest quarter results due to … More Divestment of Sabana REIT

Today I bought more of Sabana REIT at $0.86. I had previously bought some in May at $0.935. This works out to an average price of $0.90 and a dividend yield of about 9.3%. My holdings in this counter is not significant. But what I like about it is its relative low gearing of 25%. … More Sabana REIT