Soilbuild Business Space REIT

[freedom]

You're diverging from my point. I fully agree with you that a badly managed REIT is a badly managed REIT, regardless of the sponsor.

My point is a financially weak sponsor is a negative, as evidenced in the '08 crisis, where the worst case happened like the Aussies ones - MacAurthurCook & Allco. Go compare the 1-year performance at end-08 (crisis) and end-09 (recovery) to see for yourself. Both Allco (even after F&N took over and became FCOT) & MI-REIT remained at the bottom (only Saizen was below them in '08).

It took a few more years for the new mgmt to clean up and yes, your point may be right that being better managed, they'd performed better than the ones with strong sponsors. But, note that, in the case of Allco, it's also now one with a financially strong sponsor (F&N).

my original post was at the current environment. maybe I was not making myself clear. I did not quote the post. Sorry if there is any misunderstanding.

Sure, sponsor matters for survival. But at current environment or at time when Sabana was listed, a weak sponsor was quoted as the reason, I have to wonder.