Sabana REIT -- Some Quick Thoughts

Sabana REIT debuted yesterday below it's IPO price of $1.05.

I had initially considered buying it at $1, but some considerations stopped me from doing so. From my sources that I looked through, this is the details:

1) Gearing: 26.5%
2) NAV: 99c
3) 99% space occupied.

4) Shar'iah Compliant
5) Dividend yield: 8+%
6) Sponsor: FreightLinks (owning 4.3% now)