Soilbuild Business Space REIT

SINGAPORE (April 12): The manager of Soilbuild Business Space REIT on Wednesday announced distribution per unit (DPU) of 1.489 cents for the first quarter ended March 31, 4.4% lower than DPU of 1.557 cents a year ago.

SINGAPORE (Oct 13): DBS Group Research and OCBC Investment Research are both keeping Soilbuild Business Space REIT at “buy” with lower target prices, after Soilbuild on Wednesday announced a 13.9% decrease in 3Q16 DPU to 1.399 cents.

SINGAPORE (Aug 22): DBS has maintained its “buy” call for Soilbuild Business Space REIT, with a target price of 78 cents.

SINGAPORE (Aug 19): SB REIT Management, the manager of Soilbuild Business Space REIT, has announced the launch of an issuance of about up to 94.4 million new units in Soilbuild REIT through a preferential offering exercise to its existing unit-holders.

SINGAPORE (July 14): Lim & Tan Securities has upgraded Soilbuild Business Space REIT to “buy” from “hold” on the back of attractive dividend yield and a discount to book value.

SINGAPORE (July 13): Soilbuild Business Space Real Estate Investment Trust (SB REIT) has declared a distribution per unit of 1.57 cents for 2QFY2016, a 3.1% decline from the 1.62 cents DPU declared in 2QFY2015.

SINGAPORE (June 29): OCBC Investment Research is keeping its “buy” call on Soilbuild Business Space REIT, but cut its fair value estimate to 76 cents from 82 cents.

SINGAPORE (May 20): DBS is keeping its “buy” recommendation on Soilbuild Business Space REIT with a 70-cent target price, despite “uncertainty” on the outcome of a legal tussle between SBREIT and its tenant, Technics Offshore Engineering.

SINGAPORE (May 19): Soilbuild Business Space REIT is suing its largest tenant, Technics Offshore Engineering and Technics Oil & Gas, for a sum close to $2.2 million over the tenant’s default in payment of rent.