Sabana Industrial Real Estate Investment Trust (SG:M1GU)
SGX:M1GU
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Sabana Industrial REIT
(SGX:M1GU)
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Rating:71Outperform
Price Target:
S$0.54
▲(12.71% Upside)
Action:UpgradedDate:02/20/26
The score is driven primarily by improving financial performance (2025 profitability and free-cash-flow rebound) and attractive valuation (low P/E and strong dividend yield). These positives are partially offset by rising leverage and stretched technical conditions (overbought RSI), which increase near-term risk.
Positive Factors
Steady revenue growth
Consistent revenue expansion across 2020–2025 indicates durable tenant demand for Singapore industrial space. For a REIT, steady rental roll-forward supports net property income, lease renewal leverage and more predictable distributable cash flows over the medium term, improving visibility for holders and management planning.
Negative Factors
Rising leverage
An upward trend in leverage reduces financial flexibility and heightens sensitivity to interest-rate moves and refinancing risk. For an industrial REIT, higher debt increases the chance that weaker property cash flows or higher funding costs will pressure distributions and limit capacity for accretive acquisitions without deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent revenue expansion across 2020–2025 indicates durable tenant demand for Singapore industrial space. For a REIT, steady rental roll-forward supports net property income, lease renewal leverage and more predictable distributable cash flows over the medium term, improving visibility for holders and management planning.
Read all positive factors
Sabana Industrial REIT (M1GU) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$523.15M
Dividend Yield6.71%
Average Volume (3M)692.43K
Price to Earnings (P/E)8.4
Beta (1Y)0.69
Revenue Growth1.28%
EPS Growth-37.80%
CountrySG
Employees31
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,125,055,300
10 Day Avg. Volume469,360
30 Day Avg. Volume692,426
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 engages in the business of investing in income producing real estate used for industrial purposes and estate-related assets. It operates through the following segments: High-Tech Industrial, Chemical W...
How the Company Makes Money
Sabana Industrial REIT generates revenue primarily through leasing its industrial properties to tenants, which provides a steady stream of rental income. The company benefits from long-term lease agreements, often with built-in rental escalations,...
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 | 33.03M | 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
0.48
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:M1GU, the sentiment is undefined. The current price of 0.48 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined 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
Mindarie’s Unconditional Cash Offer Sets Stage for Alpha Integrated REIT Shake-Up
Feb 9, 2026
Mindarie Investment Pte. Ltd., advised by United Overseas Bank, has launched a mandatory conditional cash offer to acquire all issued and outstanding units of Alpha Integrated Real Estate Investment Trust that it does not already own or control. T...
Mindarie Investment Launches Mandatory Cash Offer for All Remaining Units in Alpha Integrated REIT
Jan 13, 2026
Mindarie Investment Pte. Ltd., through financial adviser United Overseas Bank, has launched a mandatory conditional cash offer to acquire all issued and outstanding units of Alpha Integrated Real Estate Investment Trust that it does not already ow...
Mindarie Launches Mandatory Cash Offer for Alpha Integrated REIT Units
Dec 23, 2025
Mindarie Investment Pte. Ltd., through financial adviser United Overseas Bank, has launched a mandatory conditional cash offer for all issued and outstanding units of Alpha Integrated Real Estate Investment Trust that it and its concert parties do...
Mindarie Investment Launches Mandatory Cash Offer for Alpha Integrated REIT Units
Dec 23, 2025
Mindarie Investment Pte. Ltd., indirectly wholly owned by Volare Group AG, has triggered a mandatory conditional cash offer for all issued and outstanding units in Alpha Integrated Real Estate Investment Trust not already owned or controlled by it...
Alpha Integrated REIT Announces Change in Company Secretary
Dec 15, 2025
Alpha Integrated REIT Management Pte. Ltd. has announced a change in its company secretary, appointing Mr. Cho Form Po to replace Ms. Toh Li Ping, Angela, effective December 15, 2025. This change reflects the company’s ongoing efforts to str...
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.