Equities Trading Tips : Sabana REIT's 3Q DPU fall on lower net property income .

Sabana REIT's 3Q16 results saw DPU falling 32.2% year-on-year to $1.20 from $1.77 a year prior. 

The fall returns on the of falling income, with a 9.7% drop from $25.4 million in 3Q15 to $23 million in 3Q16. Net Property Income (NPI) fell 24% on year. 

NPI took a hit when 34 Penjuru Lane, 23 Serangoon North Avenue 5 and 15 Jalan Kilang Barat were changed over into multi-rented rent game plans. This brought about higher property costs from administration, repairs, upkeep, property impose, arrive lease, utilities and showcasing costs.

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