This REIT Has An 11% Dividend Yield: Here’s What Investors Should Know About It
Sabana Shariah Compliant REIT is the world’s first real estate investment trust that has adopted the standard of Shari’ah compliance. Sabana REIT currently has a portfolio of 21 industrial buildings that are all found in Singapore. Most of the properties are also located in close proximity to the principal industrial zones in the island, such as Penjuru and Tai Seng. For perspective, the SPDR STI ETF, an exchange-traded fund that mimics the fundamentals of the Straits Times Index, has a yield of 3.2%. In its latest quarterly earnings report Sabana REIT reported a 10.9% year-on-year decline in gross revenue and a 31.1% decline in income available for distribution.
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