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Sabana Industrial REIT
(SGX:M1GU)
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Rating:70Outperform
Price Target:
S$0.54
â–²(10.00% Upside)
Action:Reiterated
Date:08/06/26
Overall score reflects supportive valuation (low P/E and solid dividend yield) and improving fundamentals (revenue growth and a 2025 profitability/FCF rebound). The score is held back by financial volatility and a rising leverage trend, while technicals are only moderately constructive with mixed momentum signals.
Positive Factors
Steady revenue growth
Sabana’s revenue expanded consistently over 2020–2025, indicating steady rental income and underlying tenant demand for industrial space. Persistent top-line growth improves long-term cash flow visibility and supports reinvestment, occupancy stability and predictable distributable income across cycles.
Negative Factors
Rising leverage trend
Leverage increasing materially over 2022–2025 reduces financial flexibility and heightens sensitivity to interest-rate changes and refinancing risk. Higher debt levels constrain capacity for opportunistic acquisitions or absorbing rental downturns without higher-cost external capital or distribution pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Sabana’s revenue expanded consistently over 2020–2025, indicating steady rental income and underlying tenant demand for industrial space. Persistent top-line growth improves long-term cash flow visibility and supports reinvestment, occupancy stability and predictable distributable income across cycles.
Read all positive factors
Sabana Industrial REIT (M1GU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$545.65M
Dividend Yield7.96%
Average Volume (3M)357.44K
Price to Earnings (P/E)8.5
Beta (1Y)0.66
Revenue GrowthN/A
EPS GrowthN/A
CountrySG
Employees10
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.06
Shares Outstanding1,125,055,300
10 Day Avg. Volume521,670
30 Day Avg. Volume357,440
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.91
Price to Sales (P/S)4.50
P/FCF Ratio9.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.03
Revenue Forecast (FY)S$103.74M
Sabana Industrial REIT Business Overview & Revenue Model
Company Description
Alpha Integrated Real Estate Investment Trust (REIT) focuses on acquiring and managing income-generating properties within the industrial sector, alongside associated estate assets. Its activities are organized into distinct segments, including hi...
How the Company Makes Money
Sabana Industrial REIT makes money primarily by leasing space in its industrial properties to tenants under tenancy agreements and collecting rental income. This rental income typically includes (i) base rent and may include (ii) recoveries and re...
Sabana Industrial REIT Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 120.08M | 113.31M | 111.88M | 94.91M | 81.91M |
| Gross Profit | 62.48M | 52.70M | 51.34M | 48.49M | 51.95M |
| EBITDA | 84.30M | 36.06M | 39.19M | 66.79M | 61.70M |
| Net Income | 63.98M | 11.37M | 18.07M | 52.77M | 48.82M |
Balance Sheet | |||||
| Total Assets | 1.06B | 1.02B | 1.01B | 983.19M | 971.65M |
| Cash, Cash Equivalents and Short-Term Investments | 16.85M | 18.48M | 16.07M | 8.01M | 25.86M |
| Total Debt | 498.61M | 426.43M | 391.46M | 365.40M | 388.30M |
| Total Liabilities | 465.12M | 459.68M | 429.55M | 397.40M | 415.68M |
| Stockholders Equity | 592.65M | 564.90M | 576.54M | 585.79M | 555.97M |
Cash Flow | |||||
| Free Cash Flow | 56.89M | 13.81M | 27.78M | 45.85M | 39.31M |
| Operating Cash Flow | 59.43M | 35.55M | 44.48M | 48.53M | 48.85M |
| Investing Cash Flow | -2.46M | -21.67M | -16.70M | -2.67M | -9.53M |
| Financing Cash Flow | -58.61M | -11.46M | -7.29M | -63.70M | -22.99M |
Sabana Industrial REIT Technical Analysis
Neutral
0.49
Price Trends
0.48
Negative
0.47
Positive
0.46
Positive
Market Momentum
>-0.01
Positive
44.69
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:M1GU, the sentiment is Neutral. The current price of 0.49 is above the 20-day moving average (MA) of 0.49, above the 50-day MA of 0.48, and above the 200-day MA of 0.46, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.69 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:M1GU.
Sabana Industrial REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
Performance Comparison
Sabana Industrial REIT Corporate Events
Alpha Integrated REIT Sets Date for Mid-Year 2026 Results
Jun 29, 2026
Alpha Integrated Real Estate Investment Trust, a Singapore-listed industrial-focused REIT with a S$1.06 billion portfolio of 18 high-tech, logistics and general industrial properties, will soon update investors on its latest financial performance....
Alpha Integrated REIT pauses timing of internalisation records resolution amid talks with trustee
Jun 18, 2026
Alpha Integrated REIT’s manager has updated unitholders on the implementation of a previously approved resolution concerning records tied to the internalisation of the REIT’s management. The resolution requires the trustee, HSBC Instit...
AI-REIT Trustee Puts Compliance with AGM Record-Disclosure Resolution on Hold
Jun 18, 2026
HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Alpha Integrated Real Estate Investment Trust, has updated unitholders on the status of an ordinary resolution passed at the April 2026 annual general meeting. Th...
Alpha Integrated REIT Wins Strong Unitholder Backing at First Post-Internalisation AGM
May 21, 2026
Alpha Integrated REIT held its 15th annual general meeting in Singapore, its first since internalising its management function, with the board and senior management presenting updates on portfolio performance, financials, capital management and ou...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.