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1SINGAPORE’S FIRST LISTED REIT WHICH
IS CERTIFIED SHARI’AH COMPLIANT BY
GCC STANDARDS
The Manager adheres to guidelines set by the
Independent Shari’ah Committee to ensure that
Sabana REIT has adopted a standard of Shari’ah
compliance that is generally accepted by the
GCC in all aspects of its operations.2
SIGNIFICANT PORTION OF THE
TRUST’S PORTFOLIO LOCATED
ON LAND RENT-FREE SITES
Approximately 30.0% of the
Trust’s properties by GFA are
located on land rent-free sites.
LONG WEIGHTED AVERAGE
UNEXPIRED LEASE TERM
The Trust’s portfolio has a long
weighted unexpired lease term
of close to 39.0 years for the
underlying land. 3
4
HEALTHY CAPITAL STRUCTURE
The Trust’s aggregate leverage is at 36.9% 1, well
within the aggregate leverage limit of 60.0% for
REITs which have obtained credit ratings2 as set
out in the Appendix 6 of the Code on Collective
Investment Schemes (the “Property Funds
Appendix”) issued by the MAS.
INVESTMENT
HIGHLIGHTS
1 As at 31 December 2013.
2 According to the Property Funds Appendix, the aggregate leverage of a property fund may exceed 35.0% of the fund’s deposited
property only if a credit rating of the property fund from Fitch, Moody’s or S&P is obtained and disclosed to the public.
SABANA REIT | ANNUAL REPORT 2013
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