Bought Sabana REIT
Recently, I have added Sabana REIT to my passive income portfolio. According to REIT data (http://reitdata.com), a price of 0.905 fetches yield of about 9.7%. Attractive preposition to me if we compare all Industrial REIT. A quick introduction - Sabana Shariah Compliant REIT is a Singapore-based REIT, established principally to invest in income-producing real estate used for industrial purpose in Asia, as well as real-estate assets, in line with Shariah investment principles. Sabana REIT is the world's largest listed Shariah Compliant REIT and the first listed REIT to adopt stricter GCC-standard Shariah Compliance. In addition, Sabana Shariah Compliant REIT distribution policy is to distribute 100% REIT taxable income and tax-exempt income, if any (after deduction of applicable expenses) for the period from listing date (26 Nov 2010) to 31 Dec 2012. Distributions are made on a quarterly basis - 31 March, 30 June, 30 September, 31 December each year for the three-month period endin...