Behind move to internalise Dasin Retail Trust’s manager lie serious financial and other woes

SINGAPORE - Just four months after Sabana Industrial Real Estate Investment Trust (Sabana Reit)

voted to internalise its Reit manager,

in a first for the Singapore corporate scene, another entity could be heading down the same path.

Dasin Retail Trust (Dasin) is a business trust but, structurally, has similarities to Reits. Both Reits and trusts are typically favoured by investors when market conditions worsen or risk sentiment falters as they pay out a regular stream of income from their assets.