SOILBUILD Business Space Reit, which faces mounting rental arrears by one of its top tenants, is weighing its options for the property at 2, Pioneer Sector 1.

SINGAPORE (July 17): SB REIT Management, the manager of Soilbuild Business Space REIT (Soilbuild REIT), reported 2Q19 DPU of 1.179 cents, down 6.7% from 1.264 cents in 2Q18. This brings 1H19 DPU to 2.377 cents, 8.2% lower than 2.588 cents in 1H18. The REIT’s current portfolio comprises 11 propert...

SINGAPORE (May 31): OCBC Investment Research is maintaining “hold” on Soilbuild Business Space REIT (SB REIT) with an unchanged fair value of 62 cents as the REIT continues to await rent payment due from its master lease tenant, NK Ingredients. To recap, the distressed lanolin manufacturer is i...

AN eight-week extension has been granted for a moratorium on proceedings against NK Ingredients, which currently owes S$2.28 million to Soilbuild Business Space Reit, the real estate investment trust's manager said on Tuesday.

SINGAPORE (Apr 22): The manager of Soilbuild Business Space REIT (Soilbuild REIT) declared that its 1Q19 DPU dropped 9.5% to 1.198 cents from 1.324 cents in 1Q18. Income attributable to unitholders fell 8.7% to $12.7 million in 1Q19, from $14.0 million a year ago. This was mainly due to property op...

THE following companies saw new developments that may affect trading of their shares on Thursday: 

SOILBUILD Business Space Reit on Wednesday declared a distribution per unit (DPU) of 1.198 Singapore cents for the first quarter ended March 31, down 9.5 per cent from 1.324 cents a year ago as expense increases outpaced revenue growth.

SINGAPORE (Apr 17): The manager of Soilbuild Business Space REIT (Soilbuild REIT) has announced distribution per unit (DPU) of 1.198 cents for the 1Q19 ended March, some 9.5% lower than DPU of 1.324 cents a year ago. Income attributable to unitholders fell 8.7% to $12.7 million in 1Q19, from $14.0 ...

SB Reit Management, manager of Soilbuild Reit, announced on Tuesday that the Singapore High Court had on March 20, 2019 granted a moratorium for a period of two months to May 20 on proceedings against NK Ingredients over the rental of a property in Pioneer Sector 1.

SINGAPORE (Mar 21): Soilbuild Business Space REIT (Soilbuild REIT) has agreed to sell its industrial property at 72 Loyang Way, and all of its mechanical electrical equipment, to Kim Hock Enterprise for a total consideration of $34.08 million. The REIT is expecting net proceeds of about $34.055 mil...