Sabana REIT: Declares Bumper "Maiden" Distribution!

Sabana REIT announced first quarter results tonight after market closed. Management certainly did not disappoint as new shareholders were amply rewarded with a "maiden" distribution of 3.04 cents. As predicted in our earlier post on 17 Apr, this works out to be the highest distribution (in percentage terms) among all S-REITs this time round. With ex-dividend date set on 10 May, shareholders certainly have something more to look forward to in the coming weeks.