Sabana Industrial Real Estate Investment Trust (Sabana REIT) has announced a 38.4% year-on-year increase in income available for distribution per unit, reaching 1.01 pence for the third quarter of 2025. This growth is attributed to a surge in occupancy at New Tech Park, which reached a 12-year high of 94.7% as of 30 September 2025.
Gross revenue for the quarter rose by 5.3% to $29.9m, driven by higher occupancy rates at several properties, including New Tech Park and 33 Penjuru Lane. The net property income also saw a significant increase of 16% year-on-year, totalling $16.9m. This was supported by positive rental reversions of 11.3%, marking the 19th consecutive quarter of such growth.
New Tech Park, a key asset in Sabana REIT’s portfolio, has consistently outperformed the average business park occupancy in Singapore, which stands at 76.7%. The park’s occupancy increased from 86% in June 2025 to 94.7% by the end of September, contributing significantly to the REIT’s overall portfolio occupancy improvement to 87%.
The REIT’s management, led by Chairman Tan Cheong Hin and CEO Donald Han, expressed optimism about future growth, anticipating a double-digit percentage increase in income available for distribution per unit for the full year 2025. They highlighted ongoing asset enhancement initiatives and sustainability efforts, including solar energy generation, as key strategies for future-proofing the REIT.
Sabana REIT aims to become one of Singapore’s first carbon-neutral industrial REITs by 2040, reinforcing its commitment to sustainable growth. The REIT has been recognised as the best-performing S-REIT in terms of total return, achieving a 34.2% return for the first nine months of the year.
