SINGAPORE: Sabana Real Estate Investment Management, the manager of Sabana REIT, has announced a distributable income of SG$13.85 million (US$11.51 million) for the second quarter of 2011, outperforming its quarterly forecast of SG$13.7 million (US$11.38 million) by 1.1%.
Net property income was announced at SG$16.54 million (US$13.74 million), 0.3% more than its forecasted value of SG$16.5 million (US$13.71 million).
The allocation represents a distribution per unit of 2.18 Singapore cents (1.81 US cents), 1.4% higher than its forecast of 2.15 Singapore cents (1.79 US cents). Its annualized distribution per unit amounted to 8.74 Singapore cents (7.26 US cents).