Elevator Pitch
This is an update on my initiation article about Singapore-listed industrial REIT Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (OTCPK:SBBSF) [SSREIT:SP], or Sabana REIT, published on September 30, 2019. Sabana REIT's share price has declined by -13% from S$0.445 as of September 27, 2019, to S$0.385 as of July 22, 2020, since my initiation.
Sabana REIT and another Singapore-listed industrial REIT ESR-REIT [EREIT:SP] have proposed to merge in an announcement on July 16, 2020, which was part of my initial thesis for Sabana REIT that it is an event-driven play