The Manager adheres to guidelines set out 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.
Approximately 30.0% of the Trust's properties by gross floor area ("GFA") are located on land rent-free sites.
The Trust's portfolio has a long weighted unexpired lease term of close to 39 years for the underlying land.
The Trust's aggregate leverage is at approximately 37.5%, well within the aggregate leverage limit of 60%1 as set out in the Property Funds Appendix of the Code on Collective Investment Schemes issued by the Monetary Authority of Singapore ("MAS").
1 The aggregate leverage of a property fund may exceed 35% of the fund's deposited property only if a credit rating of the property fund from Fitch, Moody's or Standard and Poor's ("S&P's") is obtained and disclosed to the public.