Sabana Industrial REIT Faces Financial Uncertainty Amid Management Changes
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Sabana Industrial REIT (SG:M1GU) faces financial uncertainty due to management changes and potential implications from its internalisation process. The REIT announced concerns about its ability to continue as a going concern, particularly regarding the need to refinance loans due in March 2026. The removal of its current manager, SREIM, may trigger mandatory prepayment clauses in existing loan agreements, threatening its financial stability. Sabana focuses on Shari’ah compliant industrial properties in Singapore, with a current market cap of S$489.4M and an average trading volume of 555,120.
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