Following the results announcement, DBS Group Research is reiterating its “buy” recommendation on Soilbuild REIT with a target price of 65 cents, as the REIT’s enlarged vehicle offers stability amid the bottoming out of industrial rents.
SINGAPORE (Jan 23): Soilbuild Business Space REIT (Soilbuild REIT) on Monday announced that its 4Q18 DPU has increased by 4.9% y-o-y to 1.451 cents, bringing FY18 DPU to 5.284 cents, 7.5% lower than a year ago.
