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Sabana Reit (M1GU.SI) (M1GU) Fair Value & Analysis

Real Estate · SG · Market cap 551M SGD

SR Sabana Reit (M1GU.SI) M1GU · SG
Price0.4850 SGD
Fair Value0.5600 SGD
Upside+15.5%
Quality72/100
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Healthy Growth
Highly profitable · 53.3% net margin
Low debt · generates free cash flow
7.14% dividend yield
Ranks above peers (13/14)
Wide moat 72/100
Evidence: High Range 0.4600 SGD – 0.8700 SGD Share as image

Fair value as of: Aug 19, 2026

From 14 valuation models · updated today

Share price −5.8% over the past month.

A solid business, screening 15% undervalued on our models.

What matters now

  • A fairly wide model range (0.4600 SGD to 0.8700 SGD) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

0.5250 SGD 0.2730 SGD Fair Value 0.5600 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range 0.2730 SGD – 0.5250 SGD · fair‑value band 0.4600 SGD – 0.8700 SGD · the 0.4850 SGD price screens below the 0.5600 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Sabana Reit (M1GU.SI) (M1GU) currently trades at 0.4850 SGD, while our model-based Fair Value estimate is 0.5600 SGD, implying the stock looks roughly 15.5% undervalued today. The Quality Score stands at 72/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Sabana Reit (M1GU.SI) generated revenue of 120M SGD at a net margin of 53.3%. Revenue grew 3.6% year over year. It earns a return on equity of 11.1%. Net debt stands at 330M SGD. Fundamentals as of Aug 19, 2026

Our scenario range runs from 0.4600 SGD (bear case) to 0.8700 SGD (bull case); at 0.4850 SGD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -43% fair-value upside, at 15%, M1GU screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 0.2600 SGD 0.4200 SGD 0.6200 SGD 80
Residual Income 0.4400 SGD 0.4900 SGD 0.6600 SGD 76
Rev-Margin DCF 0.2300 SGD 0.4800 SGD 0.7400 SGD 74
All 14 models by family
DCF Models
FCF DCF 0.2500 SGD 0.4400 SGD 0.6700 SGD 38
5Y Revenue Exit 0.2300 SGD 0.4700 SGD 0.7700 SGD 39
5Y EBITDA Exit 0.3200 SGD 0.6200 SGD 0.9600 SGD 41
10Y Revenue Exit 0.2200 SGD 0.4300 SGD 0.6800 SGD 36
10Y EBITDA Exit 0.2800 SGD 0.5200 SGD 0.8200 SGD 37
Multiples
P/S Multiple 0.5200 SGD 0.6900 SGD 0.8700 SGD 58
P/B Multiple 0.7300 SGD 0.9700 SGD 1.21 SGD 55
EV/EBIT 0.6400 SGD 0.9300 SGD 1.22 SGD 53
EV/EBITDA 0.4500 SGD 0.6700 SGD 0.8900 SGD 54
EV/Revenue 0.2500 SGD 0.4600 SGD 0.6600 SGD 43
Asset-Based
NCAV (Graham) 0.2600 SGD 0.3500 SGD 0.5300 SGD 50
Growth DCF
Growth DCF 0.2600 SGD 0.4200 SGD 0.6200 SGD 80
Rev-Margin DCF 0.2300 SGD 0.4800 SGD 0.7400 SGD 74
Economic Profit
Residual Income 0.4400 SGD 0.4900 SGD 0.6600 SGD 76

Widest divergence: Multiples (0.6900 SGD) versus Asset-Based (0.3500 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 120M SGD
Revenue growth (YoY) +3.6%
Net margin 53.3%
Return on equity 11.1%
Free cash flow 59.1M SGD FY2025
P/E ratio 8.1
More key figures
Operating margin 49.9%
EPS (TTM) 0.0600 SGD
Dividend yield 7.1%
EPS growth (YoY) +92.2%
Net debt 330M SGD FY2025

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 66 · Market factors (momentum, volatility) 71

Profitability 41
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 77
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Alpha Integrated Real Estate Investment Trust is a Singapore-listed real estate investment trust. It is focused on high-quality industrial assets. Listed on the Singapore Exchange Securities Trading Limited since 26 November 2010, AI-REIT invests in high quality income-producing industrial properties.

Full company description

Alpha Integrated Real Estate Investment Trust is a Singapore-listed real estate investment trust. It is focused on high-quality industrial assets. Listed on the Singapore Exchange Securities Trading Limited since 26 November 2010, AI-REIT invests in high quality income-producing industrial properties. As of 31 December 2025, AI-REIT holds interests in a diversified portfolio of 18 properties with a total gross floor area of approximately 386,227 square meters in Singapore, spanning the high-tech industrial, warehouse and logistics, chemical warehouse and logistics, as well as general industrial sectors. The total assets of the Group amount to more than 1.6 billion US dollars as at 31 December 2025. AI-REIT is also a constituent of the MSCI Singapore Micro Cap Index. AI-REIT is managed by Alpha Integrated REIT Management Pte. Ltd. (Manager), which is wholly owned by the REIT. Alpha Integrated Real Estate Investment Trust was incorporated in 2010 in Singapore.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sabana Reit (M1GU.SI) reported revenue of 120M SGD in FY2025 versus 81.9M SGD in FY2021, a compound +10.0%/yr. Reported net income was 64.0M SGD in FY2025, compounding +7.0%/yr from FY2021.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
120M SGD
Latest YoY
+6.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.9%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.5%
Revenue +10.0%/yr
FY21 81.9M SGD
FY22 94.9M SGD
FY23 112M SGD
FY24 113M SGD
FY25 120M SGD
Net income +7.0%/yr
FY21 48.8M SGD
FY22 52.8M SGD
FY23 18.1M SGD
FY24 11.4M SGD
FY25 64.0M SGD

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Cite: Fair Value Calculator (2026). "Sabana Reit (M1GU.SI) Fair Value". https://www.fairvalue-calculator.com/stock/M1GU

Peer Group

REIT - Industrial · 59 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 72 · Top 25%
Fair Value upside +16% · Top 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 53% · Above median
Operating margin (TTM) 50% · Below median
Revenue growth 4% · Above median
Dividend yield (TTM) 7.1% · Top 25%
Debt / equity 0.46× · Lower than median

Valuation Multiples vs REIT - Industrial median · lower = cheaper

P/E (TTM) 8.1× · Cheaper than 75% of peers
P/B 0.73× · Cheaper than median
P/S (TTM) 3.60× · Cheaper than 75% of peers
P/FCF 7.3× · Cheaper than median
EV/EBITDA 11.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 54 · sector 6
FUTURE 18 · sector 17
PAST 44 · sector 28
HEALTH 77 · sector 77
DIVIDEND 100 · sector 100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Industrial stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Prologis, Inc PLD $140.73 $61.28 -56%
Public Storage, a member of the S&P 500, PSA $323.58 $162.43 -50%
Extra Space Storage Inc EXR $149.40 $78.38 -48%
EastGroup Properties, Inc EGP $203.45 $81.41 -60%
Lineage, Inc LINE $41.50 $47.91 +15%
CapitaLand Ascendas REIT (CLAR) A17U 2.44 SGD 2.00 SGD -18%
CubeSmart CUBE $41.22 $25.06 -39%
First Industrial Realty Trust, Inc FR $63.34 $20.72 -67%
Rexford Industrial Realty, Inc REXR $36.39 $20.69 -43%
STAG Industrial, Inc STAG $36.94 $21.64 -41%

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Frequently asked questions

Is Sabana Reit (M1GU.SI) (M1GU) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 0.5600 SGD versus a price of 0.4850 SGD, about +15% (undervalued).
What is the fair value of M1GU?
Our model-based fair value for Sabana Reit (M1GU.SI) is 0.5600 SGD (as of Aug 19, 2026), built from audited fundamentals. The current price is 0.4850 SGD.
What is the quality score of M1GU?
Sabana Reit (M1GU.SI) has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sabana Reit (M1GU.SI) (M1GU)?
Sabana Reit (M1GU.SI) reported trailing-twelve-month revenue of about 120M SGD (latest available figure, as of Aug 19, 2026).
What is the net profit margin of M1GU?
The net profit margin of Sabana Reit (M1GU.SI) is about 53.3%, meaning it keeps roughly 53.3% of revenue as net income. Based on the latest reported figures.
Does Sabana Reit (M1GU.SI) pay a dividend?
Sabana Reit (M1GU.SI) currently shows a dividend yield of about 7.14% relative to its recent price (as of Aug 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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