SINGAPORE (April 24): The Edge Singapore incorrectly reported the divestment fees paid by Sabana Shari’ah Compliant Industrial REIT last year in its cover story “Is your REIT paying its manager too much?” (Issue 775, April 17).

The divestment fees actually paid was $83,000, and not the $0.55 million as stated in the table that accompanied the story. Consequently, the total fees paid by Sabana REIT last year was $8.17 million.

That is equivalent to 0.81% of the value of its property portfolio, and 22.10% of its distributable income.

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