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Sabana Industrial REIT ( (SG:M1GU) ) has issued an update.
Alpha Integrated REIT has successfully received necessary waivers from lenders, reflecting confidence in its strategic direction and financial stability. The REIT’s external auditor, Ernst & Young LLP, has removed the going concern emphasis from its financial statements, indicating solid financial health. AI-REIT is exploring redevelopment opportunities, particularly a 200,000 square feet project at New Tech Park, and is in discussions with financial institutions to maintain a prudent capital structure.
The most recent analyst rating on (SG:M1GU) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on Sabana Industrial REIT stock, see the SG:M1GU Stock Forecast page.
More about Sabana Industrial REIT
Alpha Integrated Real Estate Investment Trust (AI-REIT) is a real estate investment trust based in Singapore, focusing on strategic asset management and development within the real estate sector. The company is involved in asset enhancement initiatives and redevelopment opportunities to create long-term value for its stakeholders.
Average Trading Volume: 584,939
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$534.4M
For detailed information about M1GU stock, go to TipRanks’ Stock Analysis page.